Mortgage Rates in Scotts Valley, California — March 2026
Updated March 2026 | Based on Scotts Valley market data and regional lending conditions
Scotts Valley is a growing city in California with a population of 12,240. The current 30-year fixed mortgage rate in Scotts Valley is 6.88%, which is 0.23% above the national average. With a median home price of $663,000 and a 20% down payment of $132,600, homebuyers can expect a monthly principal and interest payment of approximately $3,486.
Current Mortgage Rates in Scotts Valley, CA
Below are the current average mortgage rates available in the Scotts Valley 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Scotts Valley Housing Market Overview
The Scotts Valley housing market is competitive with prices well above the national median. The median household income in Scotts Valley is $79,200, and the cost of living index is 134.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $168,343 to comfortably afford the median-priced home in Scotts Valley, which exceeds the current median household income.
Monthly Payment Breakdown for Scotts Valley
Based on the median home price of $663,000 with 20% down ($132,600), here is what you can expect to pay monthly in Scotts Valley:
15-Year vs. 30-Year Mortgage in Scotts Valley
Choosing a 15-year mortgage in Scotts Valley at 6.09% instead of a 30-year at 6.88% would save you $444,600 in total interest over the life of the loan. However, your monthly payment would be $4,502 instead of $3,486 — an increase of $1,016 per month.
Calculate Your Scotts Valley Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Scotts Valley
What are the current mortgage rates in Scotts Valley, CA?
As of March 2026, the average 30-year fixed mortgage rate in Scotts Valley, California is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Scotts Valley?
Based on the median home price of $663,000 with 20% down, the estimated monthly mortgage payment in Scotts Valley is $3,486 for principal and interest. Including property taxes of $442/month, the total monthly housing cost is approximately $3,928.
What income do I need to buy a home in Scotts Valley?
Using the 28% rule, you would need an annual income of approximately $168,343 to afford the median-priced home in Scotts Valley at $663,000. The median household income in Scotts Valley is $79,200. This means most households would need to either earn above the median or consider homes below $663,000.
Is Scotts Valley a good place to buy a home in 2026?
Scotts Valley has a higher cost of living than average with a cost of living index of 134.8 (national average = 100). The property tax rate in California is 0.8%, which is below the national average. Scotts Valley has a population of 12,240 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Scotts Valley, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.