Mortgage Rates in Rexburg, Idaho — March 2026
Updated March 2026 | Based on Rexburg market data and regional lending conditions
Rexburg is a growing city in Idaho with a population of 35,399. The current 30-year fixed mortgage rate in Rexburg is 6.72%, which is 0.07% above the national average. With a median home price of $361,000 and a 20% down payment of $72,200, homebuyers can expect a monthly principal and interest payment of approximately $1,867.
Current Mortgage Rates in Rexburg, ID
Below are the current average mortgage rates available in the Rexburg 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Rexburg Housing Market Overview
The Rexburg housing market reflects moderate demand with prices near the national average. The median household income in Rexburg is $54,500, and the cost of living index is 94.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $88,543 to comfortably afford the median-priced home in Rexburg, which exceeds the current median household income.
Monthly Payment Breakdown for Rexburg
Based on the median home price of $361,000 with 20% down ($72,200), here is what you can expect to pay monthly in Rexburg:
15-Year vs. 30-Year Mortgage in Rexburg
Choosing a 15-year mortgage in Rexburg at 5.96% instead of a 30-year at 6.72% would save you $234,540 in total interest over the life of the loan. However, your monthly payment would be $2,431 instead of $1,867 — an increase of $564 per month.
Calculate Your Rexburg 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 Rexburg
What are the current mortgage rates in Rexburg, ID?
As of March 2026, the average 30-year fixed mortgage rate in Rexburg, Idaho is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Rexburg?
Based on the median home price of $361,000 with 20% down, the estimated monthly mortgage payment in Rexburg is $1,867 for principal and interest. Including property taxes of $199/month, the total monthly housing cost is approximately $2,066.
What income do I need to buy a home in Rexburg?
Using the 28% rule, you would need an annual income of approximately $88,543 to afford the median-priced home in Rexburg at $361,000. The median household income in Rexburg is $54,500. This means most households would need to either earn above the median or consider homes below $361,000.
Is Rexburg a good place to buy a home in 2026?
Rexburg offers a below-average cost of living with a cost of living index of 94.6 (national average = 100). The property tax rate in Idaho is 0.66%, which is below the national average. Rexburg has a population of 35,399 and offers a very affordable lifestyle.
Mortgage Rates in Other Idaho Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rexburg, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.