Mortgage Rates in Jordan, Minnesota — March 2026
Updated March 2026 | Based on Jordan market data and regional lending conditions
Jordan is a smaller Minnesota community of 22,867 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.67% (0.02% above the national average). The median home price of $305,000 translates to roughly $1,855/month with 20% down — requiring an income of about $79,500, which exceeds the local median of $74,000.
Current Mortgage Rates in Jordan, MN
Below are the current average mortgage rates available in the Jordan 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Jordan Housing Market Overview
Housing in Jordan sits near the national average at $305,000. With a median household income of $74,000 and a cost of living index of 93.2, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Jordan
Based on the median home price of $305,000 with 20% down ($61,000), here is what you can expect to pay monthly in Jordan:
15-Year vs. 30-Year Mortgage in Jordan
Choosing a 15-year mortgage in Jordan at 5.92% instead of a 30-year at 6.67% would save you $196,560 in total interest over the life of the loan. However, your monthly payment would be $2,048 instead of $1,570 — an increase of $478 per month.
Calculate Your Jordan 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 Jordan
What are the current mortgage rates in Jordan, MN?
As of March 2026, the average 30-year fixed mortgage rate in Jordan, Minnesota is 6.67%, while the 15-year fixed rate is 5.92%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Jordan?
Based on the median home price of $305,000 with 20% down, the estimated monthly mortgage payment in Jordan is $1,570 for principal and interest. Including property taxes of $285/month, the total monthly housing cost is approximately $1,855.
What income do I need to buy a home in Jordan?
Using the 28% rule, you would need an annual income of approximately $79,500 to afford the median-priced home in Jordan at $305,000. The median household income in Jordan is $74,000. This means most households would need to either earn above the median or consider homes below $305,000.
Is Jordan a good place to buy a home in 2026?
Jordan offers a below-average cost of living with a cost of living index of 93.2 (national average = 100). The property tax rate in Minnesota is 1.12%, which is near the national average. Jordan has a population of 22,867 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Jordan, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.