Mortgage Rates in Natchez, Mississippi — March 2026
Updated March 2026 | Based on Natchez market data and regional lending conditions
Natchez is a growing city in Mississippi with a population of 14,520. The current 30-year fixed mortgage rate in Natchez is 6.7%, which is 0.05% above the national average. With a median home price of $122,000 and a 20% down payment of $24,400, homebuyers can expect a monthly principal and interest payment of approximately $630.
Current Mortgage Rates in Natchez, MS
Below are the current average mortgage rates available in the Natchez 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Natchez Housing Market Overview
The Natchez housing market offers relatively affordable housing compared to many major cities. The median household income in Natchez is $40,400, and the cost of living index is 83 (national average = 100). Based on the 28% affordability rule, the median income in Natchez is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Natchez
Based on the median home price of $122,000 with 20% down ($24,400), here is what you can expect to pay monthly in Natchez:
15-Year vs. 30-Year Mortgage in Natchez
Choosing a 15-year mortgage in Natchez at 5.95% instead of a 30-year at 6.7% would save you $79,020 in total interest over the life of the loan. However, your monthly payment would be $821 instead of $630 — an increase of $191 per month.
Calculate Your Natchez 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 Natchez
What are the current mortgage rates in Natchez, MS?
As of March 2026, the average 30-year fixed mortgage rate in Natchez, Mississippi is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Natchez?
Based on the median home price of $122,000 with 20% down, the estimated monthly mortgage payment in Natchez is $630 for principal and interest. Including property taxes of $78/month, the total monthly housing cost is approximately $708.
What income do I need to buy a home in Natchez?
Using the 28% rule, you would need an annual income of approximately $30,343 to afford the median-priced home in Natchez at $122,000. The median household income in Natchez is $40,400. The median income is currently sufficient to meet this threshold.
Is Natchez a good place to buy a home in 2026?
Natchez offers a below-average cost of living with a cost of living index of 83 (national average = 100). The property tax rate in Mississippi is 0.77%, which is below the national average. Natchez has a population of 14,520 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Natchez, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.