Mortgage Rates in Luray, Virginia — March 2026
Updated March 2026 | Based on Luray market data and regional lending conditions
Luray is a smaller Virginia community of 23,082 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.74% (0.09% above the national average). The median home price of $405,000 translates to roughly $2,356/month with 20% down — requiring an income of about $100,971, which exceeds the local median of $83,000.
Current Mortgage Rates in Luray, VA
Below are the current average mortgage rates available in the Luray 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Luray Housing Market Overview
Housing in Luray sits near the national average at $405,000. With a median household income of $83,000 and a cost of living index of 105.4, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Luray
Based on the median home price of $405,000 with 20% down ($81,000), here is what you can expect to pay monthly in Luray:
15-Year vs. 30-Year Mortgage in Luray
Choosing a 15-year mortgage in Luray at 5.98% instead of a 30-year at 6.74% would save you $264,060 in total interest over the life of the loan. However, your monthly payment would be $2,731 instead of $2,099 — an increase of $632 per month.
Calculate Your Luray 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 Luray
What are the current mortgage rates in Luray, VA?
As of March 2026, the average 30-year fixed mortgage rate in Luray, Virginia is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Luray?
Based on the median home price of $405,000 with 20% down, the estimated monthly mortgage payment in Luray is $2,099 for principal and interest. Including property taxes of $257/month, the total monthly housing cost is approximately $2,356.
What income do I need to buy a home in Luray?
Using the 28% rule, you would need an annual income of approximately $100,971 to afford the median-priced home in Luray at $405,000. The median household income in Luray is $83,000. This means most households would need to either earn above the median or consider homes below $405,000.
Is Luray a good place to buy a home in 2026?
Luray has a moderate cost of living with a cost of living index of 105.4 (national average = 100). The property tax rate in Virginia is 0.76%, which is below the national average. Luray has a population of 23,082 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Luray, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.