Mortgage Rates in Midvale, Utah — March 2026
Updated March 2026 | Based on Midvale market data and regional lending conditions
Midvale is a growing city in Utah with a population of 35,000. The current 30-year fixed mortgage rate in Midvale is 6.73%, which is 0.08% above the national average. With a median home price of $510,000 and a 20% down payment of $102,000, homebuyers can expect a monthly principal and interest payment of approximately $2,641.
Current Mortgage Rates in Midvale, UT
Below are the current average mortgage rates available in the Midvale 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 | 6.73% | 6.65% | +0.08% |
| 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 | 6.98% | 6.85% | +0.13% |
Midvale Housing Market Overview
The Midvale housing market is competitive with prices well above the national median. The median household income in Midvale is $67,200, and the cost of living index is 105.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $124,286 to comfortably afford the median-priced home in Midvale, which exceeds the current median household income.
Monthly Payment Breakdown for Midvale
Based on the median home price of $510,000 with 20% down ($102,000), here is what you can expect to pay monthly in Midvale:
15-Year vs. 30-Year Mortgage in Midvale
Choosing a 15-year mortgage in Midvale at 5.98% instead of a 30-year at 6.73% would save you $331,740 in total interest over the life of the loan. However, your monthly payment would be $3,439 instead of $2,641 — an increase of $798 per month.
Calculate Your Midvale 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 Midvale
What are the current mortgage rates in Midvale, UT?
As of March 2026, the average 30-year fixed mortgage rate in Midvale, Utah is 6.73%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Midvale?
Based on the median home price of $510,000 with 20% down, the estimated monthly mortgage payment in Midvale is $2,641 for principal and interest. Including property taxes of $259/month, the total monthly housing cost is approximately $2,900.
What income do I need to buy a home in Midvale?
Using the 28% rule, you would need an annual income of approximately $124,286 to afford the median-priced home in Midvale at $510,000. The median household income in Midvale is $67,200. This means most households would need to either earn above the median or consider homes below $510,000.
Is Midvale a good place to buy a home in 2026?
Midvale has a moderate cost of living with a cost of living index of 105.3 (national average = 100). The property tax rate in Utah is 0.61%, which is below the national average. Midvale has a population of 35,000 and offers a balanced lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Midvale, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.