Mortgage Rates in Lexington, Nebraska — March 2026
Updated March 2026 | Based on Lexington market data and regional lending conditions
Lexington is a growing city in Nebraska with a population of 10,230. The current 30-year fixed mortgage rate in Lexington is 6.76%, which is 0.11% above the national average. With a median home price of $183,000 and a 20% down payment of $36,600, homebuyers can expect a monthly principal and interest payment of approximately $951.
Current Mortgage Rates in Lexington, NE
Below are the current average mortgage rates available in the Lexington 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Lexington Housing Market Overview
The Lexington housing market offers relatively affordable housing compared to many major cities. The median household income in Lexington is $56,100, and the cost of living index is 91.3 (national average = 100). Based on the 28% affordability rule, the median income in Lexington is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lexington
Based on the median home price of $183,000 with 20% down ($36,600), here is what you can expect to pay monthly in Lexington:
15-Year vs. 30-Year Mortgage in Lexington
Choosing a 15-year mortgage in Lexington at 6% instead of a 30-year at 6.76% would save you $120,060 in total interest over the life of the loan. However, your monthly payment would be $1,235 instead of $951 — an increase of $284 per month.
Calculate Your Lexington 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 Lexington
What are the current mortgage rates in Lexington, NE?
As of March 2026, the average 30-year fixed mortgage rate in Lexington, Nebraska is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Lexington?
Based on the median home price of $183,000 with 20% down, the estimated monthly mortgage payment in Lexington is $951 for principal and interest. Including property taxes of $242/month, the total monthly housing cost is approximately $1,193.
What income do I need to buy a home in Lexington?
Using the 28% rule, you would need an annual income of approximately $51,129 to afford the median-priced home in Lexington at $183,000. The median household income in Lexington is $56,100. The median income is currently sufficient to meet this threshold.
Is Lexington a good place to buy a home in 2026?
Lexington offers a below-average cost of living with a cost of living index of 91.3 (national average = 100). The property tax rate in Nebraska is 1.59%, which is above the national average. Lexington has a population of 10,230 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lexington, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.