Mortgage Rates in Plymouth, Indiana — March 2026
Updated March 2026 | Based on Plymouth market data and regional lending conditions
Plymouth is a smaller Indiana community of 26,022 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.89% (0.24% above the national average). At a median home price of $230,000, the estimated $1,378/month payment (with 20% down) is affordable on the local median income of $60,500.
Current Mortgage Rates in Plymouth, IN
Below are the current average mortgage rates available in the Plymouth 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 | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Plymouth Housing Market Overview
At $230,000, Plymouth offers more affordable housing than most U.S. metros. The local cost of living index is 91.4 (100 = national average), and the median household income of $60,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Plymouth
Based on the median home price of $230,000 with 20% down ($46,000), here is what you can expect to pay monthly in Plymouth:
15-Year vs. 30-Year Mortgage in Plymouth
Choosing a 15-year mortgage in Plymouth at 6.11% instead of a 30-year at 6.89% would save you $154,440 in total interest over the life of the loan. However, your monthly payment would be $1,564 instead of $1,211 — an increase of $353 per month.
Calculate Your Plymouth 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 Plymouth
What are the current mortgage rates in Plymouth, IN?
As of March 2026, the average 30-year fixed mortgage rate in Plymouth, Indiana is 6.89%, while the 15-year fixed rate is 6.11%. 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 Plymouth?
Based on the median home price of $230,000 with 20% down, the estimated monthly mortgage payment in Plymouth is $1,211 for principal and interest. Including property taxes of $167/month, the total monthly housing cost is approximately $1,378.
What income do I need to buy a home in Plymouth?
Using the 28% rule, you would need an annual income of approximately $59,057 to afford the median-priced home in Plymouth at $230,000. The median household income in Plymouth is $60,500. The median income is currently sufficient to meet this threshold.
Is Plymouth a good place to buy a home in 2026?
Plymouth offers a below-average cost of living with a cost of living index of 91.4 (national average = 100). The property tax rate in Indiana is 0.87%, which is near the national average. Plymouth has a population of 26,022 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Plymouth, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.