Mortgage Rates in North Baltimore, Ohio — April 2026
Updated April 2026 | Based on North Baltimore market data and regional lending conditions
North Baltimore is a smaller Ohio community of 22,131 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.83% (0.18% above the national average). At a median home price of $177,500, the estimated $1,142/month payment (with 20% down) is affordable on the local median income of $54,000.
Current Mortgage Rates in North Baltimore, OH
Below are the current average mortgage rates available in the North Baltimore area as of April 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 | 6.83% | 6.65% | +0.18% |
| 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 | 7.08% | 6.85% | +0.23% |
North Baltimore Housing Market Overview
At $177,500, North Baltimore offers more affordable housing than most U.S. metros. The local cost of living index is 93.2 (100 = national average), and the median household income of $54,000 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for North Baltimore
Based on the median home price of $177,500 with 20% down ($35,500), here is what you can expect to pay monthly in North Baltimore:
15-Year vs. 30-Year Mortgage in North Baltimore
Choosing a 15-year mortgage in North Baltimore at 6.06% instead of a 30-year at 6.83% would save you $117,900 in total interest over the life of the loan. However, your monthly payment would be $1,203 instead of $929 — an increase of $274 per month.
Calculate Your North Baltimore 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 North Baltimore
What are the current mortgage rates in North Baltimore, OH?
As of April 2026, the average 30-year fixed mortgage rate in North Baltimore, Ohio is 6.83%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in North Baltimore?
Based on the median home price of $177,500 with 20% down, the estimated monthly mortgage payment in North Baltimore is $929 for principal and interest. Including property taxes of $213/month, the total monthly housing cost is approximately $1,142.
What income do I need to buy a home in North Baltimore?
Using the 28% rule, you would need an annual income of approximately $48,943 to afford the median-priced home in North Baltimore at $177,500. The median household income in North Baltimore is $54,000. The median income is currently sufficient to meet this threshold.
Is North Baltimore a good place to buy a home in 2026?
North Baltimore offers a below-average cost of living with a cost of living index of 93.2 (national average = 100). The property tax rate in Ohio is 1.44%, which is near the national average. North Baltimore has a population of 22,131 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: April 2026. Rates are approximate averages based on regional lending data for the North Baltimore, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.