Senate Election Outlook Shake Up 

March 24, 2026

As the battle for the midterms kicks into high gear the political outlooks are changing for Senate Republicans. 

Why it matters: After the 2024 results, Democrats have had a tough 2026 senate map to contend with: 

  • All but two of the 22 Republican seats up for election are in states that President Trump carried by at least 10% in 2024. 
  • Democrats would have to flip four seats and hold seats in Georgia and Michigan, both of which Trump won in 2016 and 2024. 
  • There are four seats that have been considered toss-ups since the beginning of the cycle, they are Maine, Michigan, North Carolina, and Georgia
  • Recent political headwinds for the Republicans have led many to believe that Democrats have a chance to compete in four more states: Texas, Alaska, Ohio, and Iowa.

Texas

  • In the Lone Star state, Democrats have dubbed the current situation a “perfect storm” for them to compete in the general election this fall. 
  • State Senator James Talarico prevailed over Congresswoman Jasmine Crockett (D-TX-30). Talarico was viewed as the more moderate of the two and has made his faith a centerpiece of his campaign. 
  • On the GOP side, there is a messy primary going on between Sen. John Cornyn (R-TX) and Texas Attorney General Ken Paxton. The success of Talarico and infighting on the GOP sides makes this the best opportunity Democrats have had to win a Senate seat in decades.

Alaska

  • Former Congresswoman Mary Peltola (D-AK) entered the race in January and immediately made the race more competitive. Peltola represented Alaska in the House of Representatives from 2022-2025, the first Democrat to do so since 1972.
  • In 2024, the state voted for Trump by a margin of 13 points, while Peltola only lost her 2024 election by two points, outrunning Harris by double digits. If there is even a hint of a blue wave this fall, Peltola has a shot at winning the state.

Ohio

  • Ohio is becoming a true toss-up, even in a state Trump carried by 11 points in 2024. Democratic nominee and former Senator Sherrod Brown lost by only 4 points in 2024, significantly outrunning the top of the ticket. 
  • In an election cycle that is looking promising for Democrats, Brown has a great shot to take back the seat.

Iowa 

  • Iowa’s open-seat race is unexpectedly competitive after Sen. Joni Ernst (R-IA) announced her retirement.
  • Despite Iowa’s GOP tilt, Democrats see an opening thanks to a competitive midterm environment. Ernst won her last election by six points and President Trump won the state by 13 points.
  • Democrats are deciding between Josh Turek, a two-time Paralympic gold medalist who represents the reddest state house seat held by a Democrat. The other option is progressive candidate Zach Wahls, a state Senator who is a sixth-generation Iowan who is currently serving in the state's Senate. 
  • On the GOP side, Congresswoman Ashley Hinson (R-IA) is the likely nominee with a host of endorsement, including President Trump.

The bottom line: Strong candidate recruitment and macro political environment dynamics may put enough seats in play to make Democratic control of the upper chamber a possibility.

Contact James Montfort (jmontfort@crefc.org) with any questions.

Contact  

James Montfort
Manager,
Government Relations
202.448.0857
jmontfort@crefc.org
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2026 CRE Finance Council. All rights reserved.

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