Mortgage Rates in Middlesborough, Kentucky — March 2026
Updated March 2026 | Based on Middlesborough market data and regional lending conditions
Middlesborough is a growing city in Kentucky with a population of 9,426. The current 30-year fixed mortgage rate in Middlesborough is 6.74%, which is 0.09% above the national average. With a median home price of $168,000 and a 20% down payment of $33,600, homebuyers can expect a monthly principal and interest payment of approximately $871.
Current Mortgage Rates in Middlesborough, KY
Below are the current average mortgage rates available in the Middlesborough 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 | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Middlesborough Housing Market Overview
The Middlesborough housing market offers relatively affordable housing compared to many major cities. The median household income in Middlesborough is $54,400, and the cost of living index is 89.3 (national average = 100). Based on the 28% affordability rule, the median income in Middlesborough is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Middlesborough
Based on the median home price of $168,000 with 20% down ($33,600), here is what you can expect to pay monthly in Middlesborough:
15-Year vs. 30-Year Mortgage in Middlesborough
Choosing a 15-year mortgage in Middlesborough at 5.98% instead of a 30-year at 6.74% would save you $109,620 in total interest over the life of the loan. However, your monthly payment would be $1,133 instead of $871 — an increase of $262 per month.
Calculate Your Middlesborough 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 Middlesborough
What are the current mortgage rates in Middlesborough, KY?
As of March 2026, the average 30-year fixed mortgage rate in Middlesborough, Kentucky is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Middlesborough?
Based on the median home price of $168,000 with 20% down, the estimated monthly mortgage payment in Middlesborough is $871 for principal and interest. Including property taxes of $119/month, the total monthly housing cost is approximately $990.
What income do I need to buy a home in Middlesborough?
Using the 28% rule, you would need an annual income of approximately $42,429 to afford the median-priced home in Middlesborough at $168,000. The median household income in Middlesborough is $54,400. The median income is currently sufficient to meet this threshold.
Is Middlesborough a good place to buy a home in 2026?
Middlesborough offers a below-average cost of living with a cost of living index of 89.3 (national average = 100). The property tax rate in Kentucky is 0.85%, which is near the national average. Middlesborough has a population of 9,426 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Middlesborough, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.