Mortgage Rates in Michigan — March 2026
Compare current mortgage rates across 82 cities in Michigan. The average 30-year fixed rate is 6.7%, which is 0.05% above the national average of 6.65%.
Michigan Housing Highlights
All 82 Cities in Michigan
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Detroit | 6.83% | $65,000 | $340 | 639,111 |
| Grand Rapids | 6.72% | $245,000 | $1,267 | 198,917 |
| Warren | 6.72% | $175,000 | $905 | 139,387 |
| Sterling Heights | 6.72% | $245,000 | $1,267 | 134,346 |
| Ann Arbor | 6.72% | $415,000 | $2,147 | 123,851 |
| Lansing | 6.72% | $135,000 | $698 | 112,644 |
| Dearborn | 6.72% | $175,000 | $905 | 109,976 |
| Clinton Township | 6.76% | $273,000 | $1,418 | 100,800 |
| Canton Township | 6.86% | $203,000 | $1,065 | 98,659 |
| Flint | 6.72% | $55,000 | $285 | 95,943 |
| Livonia | 6.66% | $208,000 | $1,069 | 93,972 |
| Macomb Township | 6.86% | $217,000 | $1,139 | 91,663 |
| Troy | 6.81% | $215,000 | $1,122 | 87,294 |
| Westland | 6.79% | $247,000 | $1,287 | 82,578 |
| Farmington Hills | 6.89% | $241,000 | $1,268 | 82,111 |
| Shelby Township | 6.82% | $252,000 | $1,317 | 79,000 |
| Rochester Hills | 6.72% | $220,000 | $1,138 | 76,629 |
| Wyoming | 6.65% | $217,000 | $1,114 | 76,234 |
| Waterford Township | 6.84% | $220,000 | $1,152 | 73,813 |
| Southfield | 6.64% | $244,000 | $1,252 | 73,006 |
| Kalamazoo | 6.72% | $175,000 | $905 | 72,368 |
| West Bloomfield | 6.82% | $217,000 | $1,134 | 64,690 |
| Pontiac | 6.76% | $246,000 | $1,278 | 61,606 |
| Taylor | 6.78% | $204,000 | $1,062 | 61,422 |
| Novi | 6.88% | $207,000 | $1,088 | 60,489 |
| St. Clair Shores | 6.73% | $235,000 | $1,217 | 59,715 |
| Royal Oak | 6.77% | $215,000 | $1,118 | 59,112 |
| Dearborn Heights | 6.83% | $235,000 | $1,229 | 55,949 |
| Kentwood | 6.74% | $238,000 | $1,234 | 53,526 |
| Battle Creek | 6.68% | $201,000 | $1,035 | 51,084 |
| Portage | 6.71% | $194,000 | $1,003 | 49,024 |
| East Lansing | 6.87% | $203,000 | $1,066 | 48,437 |
| Roseville | 6.63% | $188,000 | $964 | 46,709 |
| Chesterfield Township | 6.63% | $197,000 | $1,010 | 46,540 |
| Redford Township | 6.67% | $214,000 | $1,101 | 46,180 |
| Saginaw | 6.85% | $188,000 | $986 | 44,202 |
| Midland | 6.83% | $193,000 | $1,010 | 41,922 |
| Commerce Township | 6.65% | $192,000 | $986 | 40,186 |
| Muskegon | 6.09% | $145,000 | $703 | 38,318 |
| Lincoln Park | 6.68% | $190,000 | $979 | 36,156 |
| Holland | 6.73% | $265,000 | $1,373 | 33,575 |
| Bay City | 6.11% | $115,000 | $558 | 32,612 |
| Eastpointe | 6.81% | $197,000 | $1,028 | 32,221 |
| Jackson | 6.7% | $125,000 | $645 | 31,748 |
| Madison Heights | 6.87% | $200,000 | $1,051 | 30,438 |
| Oak Park | 6.84% | $192,000 | $1,005 | 29,319 |
| Port Huron | 6.61% | $234,000 | $1,197 | 28,918 |
| Southgate | 6.76% | $202,000 | $1,049 | 28,898 |
| Burton | 6.81% | $220,000 | $1,149 | 28,545 |
| Allen Park | 6.6% | $216,000 | $1,104 | 26,687 |
| Garden City | 6.68% | $226,000 | $1,164 | 26,653 |
| Harrison Township | 6.76% | $231,000 | $1,200 | 26,014 |
| Walker | 6.74% | $211,000 | $1,094 | 25,824 |
| Okemos | 6.61% | $221,000 | $1,130 | 24,768 |
| Wyandotte | 6.72% | $204,000 | $1,055 | 24,562 |
| Inkster | 6.65% | $206,000 | $1,058 | 24,398 |
| Auburn Hills | 6.83% | $218,000 | $1,140 | 24,382 |
| Norton Shores | 6.71% | $174,000 | $899 | 24,362 |
| Romulus | 6.62% | $186,000 | $952 | 23,139 |
| Marquette | 6.44% | $225,000 | $1,131 | 21,007 |
| Mount Pleasant | 6.24% | $185,000 | $910 | 20,954 |
| Monroe | 6.7% | $193,000 | $996 | 20,733 |
| Ypsilanti | 6.62% | $197,000 | $1,009 | 20,648 |
| Adrian | 6.09% | $135,000 | $654 | 20,645 |
| Ferndale | 6.71% | $204,000 | $1,054 | 20,428 |
| Trenton | 6.79% | $180,000 | $938 | 18,853 |
| Mount Clemens | 6.69% | $206,000 | $1,062 | 16,360 |
| Traverse City | 6.56% | $365,000 | $1,857 | 15,678 |
| Fraser | 6.62% | $176,000 | $901 | 14,885 |
| Owosso | 6.89% | $215,000 | $1,132 | 14,651 |
| Wixom | 6.88% | $220,000 | $1,157 | 13,498 |
| Escanaba | 6.72% | $202,000 | $1,045 | 12,616 |
| Riverview | 6.89% | $188,000 | $990 | 12,486 |
| Ionia | 6.86% | $196,000 | $1,028 | 11,178 |
| Grand Haven | 6.71% | $215,000 | $1,111 | 11,168 |
| Niles | 6.86% | $221,000 | $1,160 | 11,121 |
| Big Rapids | 6.38% | $165,000 | $824 | 10,601 |
| Cadillac | 6.71% | $182,000 | $940 | 10,355 |
| Alpena | 6.01% | $145,000 | $696 | 10,155 |
| Plymouth | 6.61% | $180,000 | $921 | 9,132 |
| St. Joseph | 6.87% | $198,000 | $1,040 | 8,365 |
| Petoskey | 6.52% | $325,000 | $1,647 | 5,783 |
Michigan Mortgage Rates Guide — 2026
Michigan homebuyers currently see an average 30-year fixed mortgage rate of 6.7%, with median home prices around $206,159. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,065.
The most affordable city for homebuyers in Michigan is Flint, where the median home price is $55,000. On the other end, Ann Arbor has the highest prices at $415,000. Property tax rates across the state average 1.53%.
To comfortably afford a home at the state average price, a household income of approximately $45,643 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Michigan Mortgages
What are current mortgage rates in Michigan?
As of March 2026, the average 30-year fixed mortgage rate in Michigan is 6.7% and the 15-year fixed rate averages 5.94%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Michigan?
The median home price across 82 cities in Michigan is $206,159. Prices range from $55,000 in Flint to $415,000 in Ann Arbor.
How much income do I need to buy a house in Michigan?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $45,643 to comfortably afford the average home in Michigan. The median household income in the state is approximately $51,241.
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