If house hunting is in your future, know that location impacts mortgage rates more than many buyers realize. Interest rates can vary significantly from city to city for reasons that go far beyond home values of that location.
For example, the median home sale price for a 30-year mortgage in Rochester, New York, reported by Zillow on Jun. 30, 2025, was only $238,173, however, the interest rate is 6.875%, which is higher than many other cities.
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Factors such as local lending competition, borrower credit profiles living in that city, state regulations and economic stability can all influence the mortgage interest rate you’ll pay for your dream home in a new city.
For a conventional, fixed-rate mortgage, Americans can expect to pay between 6.624% and 6.99% in 2025 based on a mortgage rates study conducted by Construction Coverage. Here are the U.S. cities and metropolitan areas with the highest interest rates, in addition to their median home sale prices by term and year-over-year (YOY) data per property.
Miami-Ft. Lauderdale-West Palm Beach
- Median Interest rate across fixed-rate mortgages: 6.99%
- Median home sale price based on a 30-year mortgage: $525,000
- Median home sale price based on a 15-year mortgage: $615,000
- Year-over-year (YOY) change in median interest rate: +0.115
Oklahoma City, Oklahoma
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $275,000
- Median home sale price (based on 15-year mortgage: $265,000
- YOY change in median interest rate: No change
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St. Louis, Missouri-Illinois
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $295,000
- Median home sale price based on 15-year mortgage: $370,000
- YOY change in median interest rate: No change
Los Angeles-Long Beach-Anaheim, California
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $905,000
- Median home sale price based on 15-year mortgage: $955,000
- YOY change in median interest rate: +0.125
Birmingham, Alabama
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $325,000
- Median home sale price based on 15-year mortgage: $400,000
- YOY change in median interest rate: No change
Rochester, New York
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $245,000
- Median home sale price based on 15-year mortgage: $280,000
- YOY change in median interest rate: +0.125
Virginia Beach-Chesapeake-Norfolk, Virginia-North Carolina
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $355,000
- Median home sale price based on 15-year mortgage: $375,000
- YOY change in median interest rate: No change
Tulsa, Oklahoma
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $285,000
- Median home sale price based on 15-year mortgage: $295,000
- YOY change in median interest rate: No change
Detroit-Warren-Dearborn, Michigan
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $285,000
- Median home sale price based on 15-year mortgage: $315,000
- YOY change in median interest rate: No change
Louisville/Jefferson County, Kentucky-Indiana
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $275,000
- Median home sale price based on 15-year mortgage: $365,000
- YOY change in median interest rate: +0.125
Orlando-Kissimmee-Sanford, Florida
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $445,000
- Median home sale price based on 15-year mortgage: $485,000
- YOY change in median interest rate: +0.046
Chicago-Naperville-Elgi, Illinois-Indiana
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $355,000
- Median home sale price based on 15-year mortgage: $425,000
- YOY change in median interest rate: +0.125
Cleveland, Ohio
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $245,000
- Median home sale price based on 15-year mortgage: $305,000
- YOY change in median interest rate: No change
San Diego-Chula Vista-Carlsbad, California
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $875,000
- Median home sale price based on 15-year mortgage: $955,000
- YOY change in median interest rate: +0.125
Cincinatti, Ohio-Kentucky-Indiana
- Median Interest rate across fixed-rate mortgages: 6.875%
- Median home sale price based on 30-year mortgage: $305,000
- Median home sale price based on 15-year mortgage: $385,000
- YOY change in median interest rate: +0.125
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This article originally appeared on GOBankingRates.com: 15 Cities with the Highest Interest Rates
