Mortgage Rates in Jay, Oklahoma — March 2026
Updated March 2026 | Based on Jay market data and regional lending conditions
Jay is a smaller Oklahoma community of 23,552 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.65% (at the national average). At a median home price of $195,000, the estimated $1,159/month payment (with 20% down) is affordable on the local median income of $52,000.
Current Mortgage Rates in Jay, OK
Below are the current average mortgage rates available in the Jay 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Jay Housing Market Overview
At $195,000, Jay offers more affordable housing than most U.S. metros. The local cost of living index is 88 (100 = national average), and the median household income of $52,000 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Jay
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Jay:
15-Year vs. 30-Year Mortgage in Jay
Choosing a 15-year mortgage in Jay at 5.91% instead of a 30-year at 6.65% would save you $124,740 in total interest over the life of the loan. However, your monthly payment would be $1,309 instead of $1,001 — an increase of $308 per month.
Calculate Your Jay 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 Jay
What are the current mortgage rates in Jay, OK?
As of March 2026, the average 30-year fixed mortgage rate in Jay, Oklahoma is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Jay?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Jay is $1,001 for principal and interest. Including property taxes of $158/month, the total monthly housing cost is approximately $1,159.
What income do I need to buy a home in Jay?
Using the 28% rule, you would need an annual income of approximately $49,671 to afford the median-priced home in Jay at $195,000. The median household income in Jay is $52,000. The median income is currently sufficient to meet this threshold.
Is Jay a good place to buy a home in 2026?
Jay offers a below-average cost of living with a cost of living index of 88 (national average = 100). The property tax rate in Oklahoma is 0.97%, which is near the national average. Jay has a population of 23,552 and offers a very affordable lifestyle.
Mortgage Rates in Other Oklahoma Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Jay, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.