Mortgage Rates in Medina, Ohio — March 2026
Updated March 2026 | Based on Medina market data and regional lending conditions
Medina is a growing city in Ohio with a population of 26,678. The current 30-year fixed mortgage rate in Medina is 6.74%, which is 0.09% above the national average. With a median home price of $165,000 and a 20% down payment of $33,000, homebuyers can expect a monthly principal and interest payment of approximately $855.
Current Mortgage Rates in Medina, OH
Below are the current average mortgage rates available in the Medina 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% |
Medina Housing Market Overview
The Medina housing market offers relatively affordable housing compared to many major cities. The median household income in Medina is $54,000, and the cost of living index is 87.1 (national average = 100). Based on the 28% affordability rule, the median income in Medina is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Medina
Based on the median home price of $165,000 with 20% down ($33,000), here is what you can expect to pay monthly in Medina:
15-Year vs. 30-Year Mortgage in Medina
Choosing a 15-year mortgage in Medina at 5.98% instead of a 30-year at 6.74% would save you $107,640 in total interest over the life of the loan. However, your monthly payment would be $1,112 instead of $855 — an increase of $257 per month.
Calculate Your Medina 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 Medina
What are the current mortgage rates in Medina, OH?
As of March 2026, the average 30-year fixed mortgage rate in Medina, Ohio 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 Medina?
Based on the median home price of $165,000 with 20% down, the estimated monthly mortgage payment in Medina is $855 for principal and interest. Including property taxes of $208/month, the total monthly housing cost is approximately $1,063.
What income do I need to buy a home in Medina?
Using the 28% rule, you would need an annual income of approximately $45,557 to afford the median-priced home in Medina at $165,000. The median household income in Medina is $54,000. The median income is currently sufficient to meet this threshold.
Is Medina a good place to buy a home in 2026?
Medina offers a below-average cost of living with a cost of living index of 87.1 (national average = 100). The property tax rate in Ohio is 1.51%, which is above the national average. Medina has a population of 26,678 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 Medina, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.