Mortgage Rates in Kent, Ohio — March 2026
Updated March 2026 | Based on Kent market data and regional lending conditions
Kent is a growing city in Ohio with a population of 29,667. The current 30-year fixed mortgage rate in Kent is 6.61%, which is 0.04% below the national average. With a median home price of $188,000 and a 20% down payment of $37,600, homebuyers can expect a monthly principal and interest payment of approximately $962.
Current Mortgage Rates in Kent, OH
Below are the current average mortgage rates available in the Kent 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Kent Housing Market Overview
The Kent housing market offers relatively affordable housing compared to many major cities. The median household income in Kent is $53,300, and the cost of living index is 82.3 (national average = 100). Based on the 28% affordability rule, the median income in Kent is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Kent
Based on the median home price of $188,000 with 20% down ($37,600), here is what you can expect to pay monthly in Kent:
15-Year vs. 30-Year Mortgage in Kent
Choosing a 15-year mortgage in Kent at 5.87% instead of a 30-year at 6.61% would save you $119,700 in total interest over the life of the loan. However, your monthly payment would be $1,259 instead of $962 — an increase of $297 per month.
Calculate Your Kent 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 Kent
What are the current mortgage rates in Kent, OH?
As of March 2026, the average 30-year fixed mortgage rate in Kent, Ohio is 6.61%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Kent?
Based on the median home price of $188,000 with 20% down, the estimated monthly mortgage payment in Kent is $962 for principal and interest. Including property taxes of $260/month, the total monthly housing cost is approximately $1,222.
What income do I need to buy a home in Kent?
Using the 28% rule, you would need an annual income of approximately $52,371 to afford the median-priced home in Kent at $188,000. The median household income in Kent is $53,300. The median income is currently sufficient to meet this threshold.
Is Kent a good place to buy a home in 2026?
Kent offers a below-average cost of living with a cost of living index of 82.3 (national average = 100). The property tax rate in Ohio is 1.66%, which is above the national average. Kent has a population of 29,667 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kent, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.