Quick answer
Best-borrower HELOC APRs ranged from 6.90% (Iowa, North Dakota, South Dakota) to 7.45% (Hawaii) in July 2026, a spread of 0.55 points; the 50-state average was 7.09%. After the Fed raised the prime rate to 7.00% on September 16, 2026, add about 0.25%: roughly 7.15% to 7.70% today for top-tier borrowers. Typical borrowers pay more, depending on credit and loan-to-value.
HELOC rates by state (sortable)
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| State ↕ | July 2026 avg ↕ | Est. today ↕ | Region ↕ | We lend here |
|---|---|---|---|---|
| Alabama | 6.95% | 7.20% | South | Yes |
| Alaska | 7.35% | 7.60% | West | — |
| Arizona | 7.10% | 7.35% | West | Yes |
| Arkansas | 6.95% | 7.20% | South | Yes |
| California | 7.15% | 7.40% | West | Yes |
| Colorado | 7.10% | 7.35% | West | Yes |
| Connecticut | 7.25% | 7.50% | Northeast | — |
| Delaware | 7.20% | 7.45% | South | — |
| Florida | 7.05% | 7.30% | South | Yes |
| Georgia | 7.05% | 7.30% | South | — |
| Hawaii | 7.45% | 7.70% | West | Yes |
| Idaho | 7.15% | 7.40% | West | Yes |
| Illinois | 7.10% | 7.35% | Midwest | — |
| Indiana | 6.95% | 7.20% | Midwest | — |
| Iowa | 6.90% | 7.15% | Midwest | Yes |
| Kansas | 6.95% | 7.20% | Midwest | Yes |
| Kentucky | 6.95% | 7.20% | South | — |
| Louisiana | 7.10% | 7.35% | South | — |
| Maine | 7.20% | 7.45% | Northeast | Yes |
| Maryland | 7.15% | 7.40% | South | Yes |
| Massachusetts | 7.25% | 7.50% | Northeast | — |
| Michigan | 7.00% | 7.25% | Midwest | — |
| Minnesota | 7.05% | 7.30% | Midwest | Yes |
| Mississippi | 6.95% | 7.20% | South | — |
| Missouri | 6.95% | 7.20% | Midwest | Yes |
| Montana | 7.20% | 7.45% | West | — |
| Nebraska | 6.95% | 7.20% | Midwest | — |
| Nevada | 7.10% | 7.35% | West | — |
| New Hampshire | 7.20% | 7.45% | Northeast | — |
| New Jersey | 7.25% | 7.50% | Northeast | — |
| New Mexico | 7.05% | 7.30% | West | — |
| New York | 7.30% | 7.55% | Northeast | — |
| North Carolina | 7.05% | 7.30% | South | — |
| North Dakota | 6.90% | 7.15% | Midwest | Yes |
| Ohio | 7.00% | 7.25% | Midwest | — |
| Oklahoma | 6.95% | 7.20% | South | — |
| Oregon | 7.15% | 7.40% | West | Yes |
| Pennsylvania | 7.10% | 7.35% | Northeast | Yes |
| Rhode Island | 7.20% | 7.45% | Northeast | — |
| South Carolina | 7.05% | 7.30% | South | — |
| South Dakota | 6.90% | 7.15% | Midwest | Yes |
| Tennessee | 7.00% | 7.25% | South | Yes |
| Texas | 7.10% | 7.35% | South | — |
| Utah | 7.10% | 7.35% | West | — |
| Vermont | 7.20% | 7.45% | Northeast | — |
| Virginia | 7.10% | 7.35% | South | Yes |
| Washington | 7.15% | 7.40% | West | Yes |
| West Virginia | 7.05% | 7.30% | South | — |
| Wisconsin | 7.00% | 7.25% | Midwest | — |
| Wyoming | 7.15% | 7.40% | West | — |
"July 2026 avg" is the best-borrower average (780+ credit, 70% loan-to-value or less) from our Q3 2026 State HELOC Rate Study. "Est. today" adds the 0.25% September 16 prime increase and is an estimate, not a quote. You may reuse this table with a link to this page (CC BY 4.0).
Averages by region
| Region | July 2026 avg | Est. today |
|---|---|---|
| Midwest | 6.97% | 7.22% |
| South | 7.05% | 7.30% |
| West | 7.15% | 7.40% |
| Northeast | 7.22% | 7.47% |
Why HELOC rates differ by state
- Lender competition. States with more lenders competing (and fewer exclusions by national lenders) tend to price lower. Hawaii and Alaska are excluded by several national lenders.
- State rules and costs. Recording taxes, foreclosure timelines, and homestead laws affect lender risk and cost. Minnesota, for example, charges a mortgage registry tax, while North Dakota bans mortgage taxes.
- Home values. Higher-value markets push more borrowers into jumbo HELOCs, which can price differently.
Your own rate depends far more on your credit score, combined loan-to-value, and line size than on your state. See how HELOC rates are set.
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FAQ
Which state has the lowest HELOC rates?
In HELOCpedia's Q3 2026 study, Iowa, North Dakota, and South Dakota tied for the lowest best-borrower HELOC APR at 6.90% (July 2026), or roughly 7.15% after the September 16 prime increase.
Which state has the highest HELOC rates?
Hawaii had the highest best-borrower HELOC APR at 7.45% in July 2026, or roughly 7.70% after the September prime increase, partly because several national lenders don't lend there.
What is the average HELOC rate by state?
The 50-state best-borrower average was 7.09% in July 2026 (roughly 7.34% after the September 16 prime increase). Regional averages ranged from 6.97% in the Midwest to 7.22% in the Northeast.
Why is my HELOC rate higher than the state average?
State averages reflect top-tier borrowers (780+ credit, 70% loan-to-value or less). Lower credit scores, higher loan-to-value, smaller lines, or alternative income documentation all add to the rate.
Can I reuse this HELOC rate data?
Yes. The table may be reused under CC BY 4.0 with a link to this page.
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Keep reading
Q3 2026 State HELOC Rate Study
Methodology and full findings.
HELOC Interest Rates 2026
How your rate is built.
HELOC Guides by State
Rules and rates in the states we serve.