Mortgage Rates in Hermitage, Pennsylvania — March 2026
Updated March 2026 | Based on Hermitage market data and regional lending conditions
Hermitage is a growing city in Pennsylvania with a population of 15,748. The current 30-year fixed mortgage rate in Hermitage is 6.63%, which is 0.02% below the national average. With a median home price of $196,000 and a 20% down payment of $39,200, homebuyers can expect a monthly principal and interest payment of approximately $1,005.
Current Mortgage Rates in Hermitage, PA
Below are the current average mortgage rates available in the Hermitage area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Hermitage Housing Market Overview
The Hermitage housing market offers relatively affordable housing compared to many major cities. The median household income in Hermitage is $63,800, and the cost of living index is 96.3 (national average = 100). Based on the 28% affordability rule, the median income in Hermitage is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Hermitage
Based on the median home price of $196,000 with 20% down ($39,200), here is what you can expect to pay monthly in Hermitage:
15-Year vs. 30-Year Mortgage in Hermitage
Choosing a 15-year mortgage in Hermitage at 5.89% instead of a 30-year at 6.63% would save you $125,280 in total interest over the life of the loan. However, your monthly payment would be $1,314 instead of $1,005 — an increase of $309 per month.
Calculate Your Hermitage Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Hermitage
What are the current mortgage rates in Hermitage, PA?
As of March 2026, the average 30-year fixed mortgage rate in Hermitage, Pennsylvania is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Hermitage?
Based on the median home price of $196,000 with 20% down, the estimated monthly mortgage payment in Hermitage is $1,005 for principal and interest. Including property taxes of $212/month, the total monthly housing cost is approximately $1,217.
What income do I need to buy a home in Hermitage?
Using the 28% rule, you would need an annual income of approximately $52,157 to afford the median-priced home in Hermitage at $196,000. The median household income in Hermitage is $63,800. The median income is currently sufficient to meet this threshold.
Is Hermitage a good place to buy a home in 2026?
Hermitage offers a below-average cost of living with a cost of living index of 96.3 (national average = 100). The property tax rate in Pennsylvania is 1.3%, which is near the national average. Hermitage has a population of 15,748 and offers a balanced lifestyle.
Mortgage Rates in Other Pennsylvania Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hermitage, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.