Mortgage Rates in Bristol, Rhode Island — March 2026
Updated March 2026 | Based on Bristol market data and regional lending conditions
Bristol is a growing city in Rhode Island with a population of 22,493. The current 30-year fixed mortgage rate in Bristol is 6.16%, which is 0.49% below the national average. With a median home price of $425,000 and a 20% down payment of $85,000, homebuyers can expect a monthly principal and interest payment of approximately $2,073.
Current Mortgage Rates in Bristol, RI
Below are the current average mortgage rates available in the Bristol 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 | 6.16% | 6.65% | -0.49% |
| 15-Year Fixed | 5.4% | 5.89% | -0.49% |
| 5/1 ARM | 5.66% | 6.15% | -0.49% |
| FHA | 5.76% | 6.25% | -0.49% |
| VA | 5.56% | 6.05% | -0.49% |
| Jumbo | 6.36% | 6.85% | -0.49% |
Bristol Housing Market Overview
The Bristol housing market reflects moderate demand with prices near the national average. The median household income in Bristol is $58,000, and the cost of living index is 112 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $113,271 to comfortably afford the median-priced home in Bristol, which exceeds the current median household income.
Monthly Payment Breakdown for Bristol
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Bristol:
15-Year vs. 30-Year Mortgage in Bristol
Choosing a 15-year mortgage in Bristol at 5.4% instead of a 30-year at 6.16% would save you $249,480 in total interest over the life of the loan. However, your monthly payment would be $2,760 instead of $2,073 — an increase of $687 per month.
Calculate Your Bristol 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 Bristol
What are the current mortgage rates in Bristol, RI?
As of March 2026, the average 30-year fixed mortgage rate in Bristol, Rhode Island is 6.16%, while the 15-year fixed rate is 5.4%. FHA loans average 5.76% and VA loans 5.56%. These rates are 0.49% below the national average of 6.65%.
How much is a monthly mortgage payment in Bristol?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Bristol is $2,073 for principal and interest. Including property taxes of $570/month, the total monthly housing cost is approximately $2,643.
What income do I need to buy a home in Bristol?
Using the 28% rule, you would need an annual income of approximately $113,271 to afford the median-priced home in Bristol at $425,000. The median household income in Bristol is $58,000. This means most households would need to either earn above the median or consider homes below $425,000.
Is Bristol a good place to buy a home in 2026?
Bristol has a moderate cost of living with a cost of living index of 112 (national average = 100). The property tax rate in Rhode Island is 1.61%, which is above the national average. Bristol has a population of 22,493 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bristol, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.