Mortgage Rates in Bay Shore, New York — March 2026
Updated March 2026 | Based on Bay Shore market data and regional lending conditions
Bay Shore is a growing city in New York with a population of 26,337. The current 30-year fixed mortgage rate in Bay Shore is 6.63%, which is 0.02% below the national average. With a median home price of $412,000 and a 20% down payment of $82,400, homebuyers can expect a monthly principal and interest payment of approximately $2,112.
Current Mortgage Rates in Bay Shore, NY
Below are the current average mortgage rates available in the Bay Shore 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Bay Shore Housing Market Overview
The Bay Shore housing market reflects moderate demand with prices near the national average. The median household income in Bay Shore is $75,700, and the cost of living index is 124.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $116,400 to comfortably afford the median-priced home in Bay Shore, which exceeds the current median household income.
Monthly Payment Breakdown for Bay Shore
Based on the median home price of $412,000 with 20% down ($82,400), here is what you can expect to pay monthly in Bay Shore:
15-Year vs. 30-Year Mortgage in Bay Shore
Choosing a 15-year mortgage in Bay Shore at 5.89% instead of a 30-year at 6.63% would save you $263,160 in total interest over the life of the loan. However, your monthly payment would be $2,762 instead of $2,112 — an increase of $650 per month.
Calculate Your Bay Shore 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 Bay Shore
What are the current mortgage rates in Bay Shore, NY?
As of March 2026, the average 30-year fixed mortgage rate in Bay Shore, New York is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Bay Shore?
Based on the median home price of $412,000 with 20% down, the estimated monthly mortgage payment in Bay Shore is $2,112 for principal and interest. Including property taxes of $604/month, the total monthly housing cost is approximately $2,716.
What income do I need to buy a home in Bay Shore?
Using the 28% rule, you would need an annual income of approximately $116,400 to afford the median-priced home in Bay Shore at $412,000. The median household income in Bay Shore is $75,700. This means most households would need to either earn above the median or consider homes below $412,000.
Is Bay Shore a good place to buy a home in 2026?
Bay Shore has a higher cost of living than average with a cost of living index of 124.6 (national average = 100). The property tax rate in New York is 1.76%, which is above the national average. Bay Shore has a population of 26,337 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bay Shore, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.