Mortgage Rates in Tumwater, Washington — March 2026
Updated March 2026 | Based on Tumwater market data and regional lending conditions
Tumwater is a growing city in Washington with a population of 25,483. The current 30-year fixed mortgage rate in Tumwater is 6.82%, which is 0.17% above the national average. With a median home price of $496,000 and a 20% down payment of $99,200, homebuyers can expect a monthly principal and interest payment of approximately $2,592.
Current Mortgage Rates in Tumwater, WA
Below are the current average mortgage rates available in the Tumwater 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 | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Tumwater Housing Market Overview
The Tumwater housing market reflects moderate demand with prices near the national average. The median household income in Tumwater is $65,300, and the cost of living index is 110.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $127,371 to comfortably afford the median-priced home in Tumwater, which exceeds the current median household income.
Monthly Payment Breakdown for Tumwater
Based on the median home price of $496,000 with 20% down ($99,200), here is what you can expect to pay monthly in Tumwater:
15-Year vs. 30-Year Mortgage in Tumwater
Choosing a 15-year mortgage in Tumwater at 6.05% instead of a 30-year at 6.82% would save you $328,500 in total interest over the life of the loan. However, your monthly payment would be $3,359 instead of $2,592 — an increase of $767 per month.
Calculate Your Tumwater 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 Tumwater
What are the current mortgage rates in Tumwater, WA?
As of March 2026, the average 30-year fixed mortgage rate in Tumwater, Washington is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Tumwater?
Based on the median home price of $496,000 with 20% down, the estimated monthly mortgage payment in Tumwater is $2,592 for principal and interest. Including property taxes of $380/month, the total monthly housing cost is approximately $2,972.
What income do I need to buy a home in Tumwater?
Using the 28% rule, you would need an annual income of approximately $127,371 to afford the median-priced home in Tumwater at $496,000. The median household income in Tumwater is $65,300. This means most households would need to either earn above the median or consider homes below $496,000.
Is Tumwater a good place to buy a home in 2026?
Tumwater has a moderate cost of living with a cost of living index of 110.4 (national average = 100). The property tax rate in Washington is 0.92%, which is near the national average. Tumwater has a population of 25,483 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Tumwater, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.