15 Cities with the Highest Interest Rates

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

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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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