Mortgage Rates in Virginia — March 2026
Compare current mortgage rates across 72 cities in Virginia. The average 30-year fixed rate is 6.71%, which is 0.06% above the national average of 6.65%.
Virginia Housing Highlights
All 72 Cities in Virginia
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Virginia Beach | 6.67% | $325,000 | $1,673 | 459,470 |
| Chesapeake | 6.67% | $335,000 | $1,724 | 249,422 |
| Arlington | 6.67% | $725,000 | $3,731 | 238,643 |
| Norfolk | 6.67% | $255,000 | $1,312 | 238,005 |
| Richmond | 6.67% | $285,000 | $1,467 | 226,610 |
| Newport News | 6.67% | $235,000 | $1,209 | 186,247 |
| Alexandria | 6.67% | $595,000 | $3,062 | 159,467 |
| Hampton | 6.67% | $215,000 | $1,106 | 137,148 |
| Roanoke | 6.67% | $195,000 | $1,004 | 100,011 |
| Suffolk | 6.67% | $325,000 | $1,673 | 94,324 |
| Lynchburg | 6.67% | $215,000 | $1,106 | 82,168 |
| Centreville | 6.67% | $402,000 | $2,069 | 74,785 |
| Dale City | 6.74% | $349,000 | $1,809 | 72,266 |
| Reston | 6.81% | $410,000 | $2,140 | 62,141 |
| Woodbridge | 6.86% | $340,000 | $1,784 | 54,105 |
| Harrisonburg | 6.8% | $410,000 | $2,138 | 54,033 |
| Leesburg | 6.61% | $367,000 | $1,877 | 53,727 |
| Ashburn | 6.84% | $351,000 | $1,838 | 52,440 |
| Tuckahoe | 6.83% | $339,000 | $1,773 | 49,351 |
| McLean | 6.88% | $369,000 | $1,940 | 48,115 |
| Charlottesville | 6.85% | $358,000 | $1,877 | 46,553 |
| Lake Ridge | 6.63% | $362,000 | $1,855 | 45,111 |
| Stafford | 6.86% | $307,000 | $1,611 | 45,000 |
| Blacksburg | 6.68% | $338,000 | $1,741 | 44,853 |
| Annandale | 6.89% | $319,000 | $1,679 | 42,722 |
| Manassas | 6.74% | $367,000 | $1,902 | 41,764 |
| Linton Hall | 6.7% | $327,000 | $1,688 | 41,749 |
| Burke | 6.81% | $368,000 | $1,921 | 41,055 |
| Danville | 6.25% | $115,000 | $567 | 40,733 |
| Mechanicsville | 6.79% | $342,000 | $1,782 | 37,555 |
| Oakton | 6.88% | $386,000 | $2,030 | 36,835 |
| Springfield | 6.72% | $379,000 | $1,961 | 33,120 |
| South Riding | 6.74% | $330,000 | $1,711 | 32,927 |
| Petersburg | 6.88% | $372,000 | $1,956 | 32,420 |
| West Springfield | 6.69% | $340,000 | $1,753 | 32,400 |
| West Falls Church | 6.73% | $375,000 | $1,942 | 32,377 |
| Sterling | 6.66% | $308,000 | $1,583 | 30,812 |
| Fredericksburg | 6% | $365,000 | $1,751 | 29,036 |
| Winchester | 6% | $295,000 | $1,416 | 28,120 |
| Short Pump | 6.61% | $335,000 | $1,713 | 27,364 |
| Staunton | 6.47% | $245,000 | $1,235 | 25,750 |
| Salem | 6.78% | $225,000 | $1,171 | 25,432 |
| Woodlawn | 6.8% | $385,000 | $2,008 | 25,338 |
| Tysons | 6.65% | $312,000 | $1,602 | 25,226 |
| Cave Spring | 6.69% | $299,000 | $1,542 | 24,941 |
| Bailey's Crossroads | 6.8% | $332,000 | $1,732 | 24,813 |
| Herndon | 6.77% | $337,000 | $1,752 | 24,355 |
| Fairfax | 6.84% | $362,000 | $1,896 | 24,019 |
| Chantilly | 6.68% | $328,000 | $1,690 | 23,039 |
| Waynesboro | 6.62% | $289,000 | $1,480 | 22,630 |
| Hopewell | 6.76% | $315,000 | $1,636 | 22,529 |
| Christiansburg | 6.85% | $314,000 | $1,646 | 22,482 |
| Montclair | 6.82% | $354,000 | $1,850 | 20,853 |
| McNair | 6.89% | $325,000 | $1,711 | 20,614 |
| Culpeper | 6.82% | $311,000 | $1,625 | 20,500 |
| Midlothian | 6.77% | $336,000 | $1,747 | 19,059 |
| Radford | 6.05% | $195,000 | $941 | 18,249 |
| Bon Air | 6.77% | $311,000 | $1,617 | 17,753 |
| Manassas Park | 6.61% | $341,000 | $1,744 | 17,478 |
| Colonial Heights | 6.78% | $352,000 | $1,832 | 17,411 |
| Bristol | 6.73% | $155,000 | $803 | 17,141 |
| Vienna | 6.83% | $329,000 | $1,721 | 16,459 |
| Glen Allen | 6.64% | $332,000 | $1,703 | 16,137 |
| Front Royal | 6.82% | $302,000 | $1,578 | 16,115 |
| Great Falls | 6.71% | $348,000 | $1,798 | 15,427 |
| Falls Church | 6.78% | $352,000 | $1,832 | 14,658 |
| Brandermill | 6.8% | $353,000 | $1,841 | 13,032 |
| Martinsville | 6.73% | $327,000 | $1,693 | 12,554 |
| Gainesville | 6.79% | $334,000 | $1,740 | 11,481 |
| Lake Monticello | 6.9% | $313,000 | $1,649 | 11,014 |
| Gloucester Point | 6.72% | $337,000 | $1,743 | 10,532 |
| Pulaski | 6.61% | $326,000 | $1,667 | 8,676 |
Virginia Mortgage Rates Guide — 2026
Virginia homebuyers currently see an average 30-year fixed mortgage rate of 6.71%, with median home prices around $330,639. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,710.
The most affordable city for homebuyers in Virginia is Danville, where the median home price is $115,000. On the other end, Arlington has the highest prices at $725,000. Property tax rates across the state average 0.8%.
To comfortably afford a home at the state average price, a household income of approximately $73,286 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 — Virginia Mortgages
What are current mortgage rates in Virginia?
As of March 2026, the average 30-year fixed mortgage rate in Virginia is 6.71% and the 15-year fixed rate averages 5.94%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Virginia?
The median home price across 72 cities in Virginia is $330,639. Prices range from $115,000 in Danville to $725,000 in Arlington.
How much income do I need to buy a house in Virginia?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $73,286 to comfortably afford the average home in Virginia. The median household income in the state is approximately $68,330.
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