Mortgage Rates in Millbrook, Alabama — March 2026
Updated March 2026 | Based on Millbrook market data and regional lending conditions
Millbrook is a growing city in Alabama with a population of 16,077. The current 30-year fixed mortgage rate in Millbrook is 6.89%, which is 0.24% above the national average. With a median home price of $169,000 and a 20% down payment of $33,800, homebuyers can expect a monthly principal and interest payment of approximately $890.
Current Mortgage Rates in Millbrook, AL
Below are the current average mortgage rates available in the Millbrook 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Millbrook Housing Market Overview
The Millbrook housing market offers relatively affordable housing compared to many major cities. The median household income in Millbrook is $49,500, and the cost of living index is 78.7 (national average = 100). Based on the 28% affordability rule, the median income in Millbrook is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Millbrook
Based on the median home price of $169,000 with 20% down ($33,800), here is what you can expect to pay monthly in Millbrook:
15-Year vs. 30-Year Mortgage in Millbrook
Choosing a 15-year mortgage in Millbrook at 6.1% instead of a 30-year at 6.89% would save you $113,760 in total interest over the life of the loan. However, your monthly payment would be $1,148 instead of $890 — an increase of $258 per month.
Calculate Your Millbrook 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 Millbrook
What are the current mortgage rates in Millbrook, AL?
As of March 2026, the average 30-year fixed mortgage rate in Millbrook, Alabama is 6.89%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Millbrook?
Based on the median home price of $169,000 with 20% down, the estimated monthly mortgage payment in Millbrook is $890 for principal and interest. Including property taxes of $54/month, the total monthly housing cost is approximately $944.
What income do I need to buy a home in Millbrook?
Using the 28% rule, you would need an annual income of approximately $40,457 to afford the median-priced home in Millbrook at $169,000. The median household income in Millbrook is $49,500. The median income is currently sufficient to meet this threshold.
Is Millbrook a good place to buy a home in 2026?
Millbrook offers a below-average cost of living with a cost of living index of 78.7 (national average = 100). The property tax rate in Alabama is 0.38%, which is below the national average. Millbrook has a population of 16,077 and offers a very affordable lifestyle.
Mortgage Rates in Other Alabama Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Millbrook, Alabama area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.