Mortgage Rates in Muscatine, Iowa — March 2026
Updated March 2026 | Based on Muscatine market data and regional lending conditions
Muscatine is a growing city in Iowa with a population of 24,009. The current 30-year fixed mortgage rate in Muscatine is 6.84%, which is 0.19% above the national average. With a median home price of $157,000 and a 20% down payment of $31,400, homebuyers can expect a monthly principal and interest payment of approximately $822.
Current Mortgage Rates in Muscatine, IA
Below are the current average mortgage rates available in the Muscatine 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Muscatine Housing Market Overview
The Muscatine housing market offers relatively affordable housing compared to many major cities. The median household income in Muscatine is $61,700, and the cost of living index is 82.7 (national average = 100). Based on the 28% affordability rule, the median income in Muscatine is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Muscatine
Based on the median home price of $157,000 with 20% down ($31,400), here is what you can expect to pay monthly in Muscatine:
15-Year vs. 30-Year Mortgage in Muscatine
Choosing a 15-year mortgage in Muscatine at 6.06% instead of a 30-year at 6.84% would save you $104,400 in total interest over the life of the loan. However, your monthly payment would be $1,064 instead of $822 — an increase of $242 per month.
Calculate Your Muscatine 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 Muscatine
What are the current mortgage rates in Muscatine, IA?
As of March 2026, the average 30-year fixed mortgage rate in Muscatine, Iowa is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Muscatine?
Based on the median home price of $157,000 with 20% down, the estimated monthly mortgage payment in Muscatine is $822 for principal and interest. Including property taxes of $192/month, the total monthly housing cost is approximately $1,014.
What income do I need to buy a home in Muscatine?
Using the 28% rule, you would need an annual income of approximately $43,457 to afford the median-priced home in Muscatine at $157,000. The median household income in Muscatine is $61,700. The median income is currently sufficient to meet this threshold.
Is Muscatine a good place to buy a home in 2026?
Muscatine offers a below-average cost of living with a cost of living index of 82.7 (national average = 100). The property tax rate in Iowa is 1.47%, which is near the national average. Muscatine has a population of 24,009 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Muscatine, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.