Mortgage Rates in Ottawa, Kansas — March 2026
Updated March 2026 | Based on Ottawa market data and regional lending conditions
Ottawa is a growing city in Kansas with a population of 12,667. The current 30-year fixed mortgage rate in Ottawa is 6.81%, which is 0.16% above the national average. With a median home price of $187,000 and a 20% down payment of $37,400, homebuyers can expect a monthly principal and interest payment of approximately $976.
Current Mortgage Rates in Ottawa, KS
Below are the current average mortgage rates available in the Ottawa 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Ottawa Housing Market Overview
The Ottawa housing market offers relatively affordable housing compared to many major cities. The median household income in Ottawa is $62,800, and the cost of living index is 87.9 (national average = 100). Based on the 28% affordability rule, the median income in Ottawa is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Ottawa
Based on the median home price of $187,000 with 20% down ($37,400), here is what you can expect to pay monthly in Ottawa:
15-Year vs. 30-Year Mortgage in Ottawa
Choosing a 15-year mortgage in Ottawa at 6.04% instead of a 30-year at 6.81% would save you $123,480 in total interest over the life of the loan. However, your monthly payment would be $1,266 instead of $976 — an increase of $290 per month.
Calculate Your Ottawa 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 Ottawa
What are the current mortgage rates in Ottawa, KS?
As of March 2026, the average 30-year fixed mortgage rate in Ottawa, Kansas is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Ottawa?
Based on the median home price of $187,000 with 20% down, the estimated monthly mortgage payment in Ottawa is $976 for principal and interest. Including property taxes of $213/month, the total monthly housing cost is approximately $1,189.
What income do I need to buy a home in Ottawa?
Using the 28% rule, you would need an annual income of approximately $50,957 to afford the median-priced home in Ottawa at $187,000. The median household income in Ottawa is $62,800. The median income is currently sufficient to meet this threshold.
Is Ottawa a good place to buy a home in 2026?
Ottawa offers a below-average cost of living with a cost of living index of 87.9 (national average = 100). The property tax rate in Kansas is 1.37%, which is near the national average. Ottawa has a population of 12,667 and offers a very affordable lifestyle.
Mortgage Rates in Other Kansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ottawa, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.