Mortgage Rates in Rogers, Minnesota — March 2026
Updated March 2026 | Based on Rogers market data and regional lending conditions
Rogers is a smaller Minnesota community of 31,811 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.67% (0.02% above the national average). The median home price of $275,000 translates to roughly $1,630/month with 20% down — requiring an income of about $69,857, which exceeds the local median of $68,500.
Current Mortgage Rates in Rogers, MN
Below are the current average mortgage rates available in the Rogers 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Rogers Housing Market Overview
At $275,000, Rogers offers more affordable housing than most U.S. metros. The local cost of living index is 93.9 (100 = national average), and the median household income of $68,500 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Rogers
Based on the median home price of $275,000 with 20% down ($55,000), here is what you can expect to pay monthly in Rogers:
15-Year vs. 30-Year Mortgage in Rogers
Choosing a 15-year mortgage in Rogers at 5.93% instead of a 30-year at 6.67% would save you $176,760 in total interest over the life of the loan. However, your monthly payment would be $1,848 instead of $1,415 — an increase of $433 per month.
Calculate Your Rogers 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 Rogers
What are the current mortgage rates in Rogers, MN?
As of March 2026, the average 30-year fixed mortgage rate in Rogers, Minnesota is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Rogers?
Based on the median home price of $275,000 with 20% down, the estimated monthly mortgage payment in Rogers is $1,415 for principal and interest. Including property taxes of $215/month, the total monthly housing cost is approximately $1,630.
What income do I need to buy a home in Rogers?
Using the 28% rule, you would need an annual income of approximately $69,857 to afford the median-priced home in Rogers at $275,000. The median household income in Rogers is $68,500. This means most households would need to either earn above the median or consider homes below $275,000.
Is Rogers a good place to buy a home in 2026?
Rogers offers a below-average cost of living with a cost of living index of 93.9 (national average = 100). The property tax rate in Minnesota is 0.94%, which is near the national average. Rogers has a population of 31,811 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rogers, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.