Mortgage Rates in King City, California — March 2026
Updated March 2026 | Based on King City market data and regional lending conditions
King City is a growing city in California with a population of 14,011. The current 30-year fixed mortgage rate in King City is 6.63%, which is 0.02% below the national average. With a median home price of $688,000 and a 20% down payment of $137,600, homebuyers can expect a monthly principal and interest payment of approximately $3,526.
Current Mortgage Rates in King City, CA
Below are the current average mortgage rates available in the King City 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% |
King City Housing Market Overview
The King City housing market is competitive with prices well above the national median. The median household income in King City is $78,600, and the cost of living index is 152.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $169,071 to comfortably afford the median-priced home in King City, which exceeds the current median household income.
Monthly Payment Breakdown for King City
Based on the median home price of $688,000 with 20% down ($137,600), here is what you can expect to pay monthly in King City:
15-Year vs. 30-Year Mortgage in King City
Choosing a 15-year mortgage in King City at 5.89% instead of a 30-year at 6.63% would save you $439,200 in total interest over the life of the loan. However, your monthly payment would be $4,612 instead of $3,526 — an increase of $1,086 per month.
Calculate Your King City 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 King City
What are the current mortgage rates in King City, CA?
As of March 2026, the average 30-year fixed mortgage rate in King City, California 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 King City?
Based on the median home price of $688,000 with 20% down, the estimated monthly mortgage payment in King City is $3,526 for principal and interest. Including property taxes of $419/month, the total monthly housing cost is approximately $3,945.
What income do I need to buy a home in King City?
Using the 28% rule, you would need an annual income of approximately $169,071 to afford the median-priced home in King City at $688,000. The median household income in King City is $78,600. This means most households would need to either earn above the median or consider homes below $688,000.
Is King City a good place to buy a home in 2026?
King City has a higher cost of living than average with a cost of living index of 152.7 (national average = 100). The property tax rate in California is 0.73%, which is below the national average. King City has a population of 14,011 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the King City, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.