Mortgage Rates in Herndon, Virginia — March 2026
Updated March 2026 | Based on Herndon market data and regional lending conditions
Herndon is a growing city in Virginia with a population of 24,355. The current 30-year fixed mortgage rate in Herndon is 6.77%, which is 0.12% above the national average. With a median home price of $337,000 and a 20% down payment of $67,400, homebuyers can expect a monthly principal and interest payment of approximately $1,752.
Current Mortgage Rates in Herndon, VA
Below are the current average mortgage rates available in the Herndon 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Herndon Housing Market Overview
The Herndon housing market reflects moderate demand with prices near the national average. The median household income in Herndon is $79,600, and the cost of living index is 99.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,943 to comfortably afford the median-priced home in Herndon, which exceeds the current median household income.
Monthly Payment Breakdown for Herndon
Based on the median home price of $337,000 with 20% down ($67,400), here is what you can expect to pay monthly in Herndon:
15-Year vs. 30-Year Mortgage in Herndon
Choosing a 15-year mortgage in Herndon at 6.01% instead of a 30-year at 6.77% would save you $221,040 in total interest over the life of the loan. However, your monthly payment would be $2,276 instead of $1,752 — an increase of $524 per month.
Calculate Your Herndon 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 Herndon
What are the current mortgage rates in Herndon, VA?
As of March 2026, the average 30-year fixed mortgage rate in Herndon, Virginia is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Herndon?
Based on the median home price of $337,000 with 20% down, the estimated monthly mortgage payment in Herndon is $1,752 for principal and interest. Including property taxes of $230/month, the total monthly housing cost is approximately $1,982.
What income do I need to buy a home in Herndon?
Using the 28% rule, you would need an annual income of approximately $84,943 to afford the median-priced home in Herndon at $337,000. The median household income in Herndon is $79,600. This means most households would need to either earn above the median or consider homes below $337,000.
Is Herndon a good place to buy a home in 2026?
Herndon offers a below-average cost of living with a cost of living index of 99.4 (national average = 100). The property tax rate in Virginia is 0.82%, which is near the national average. Herndon has a population of 24,355 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Herndon, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.