Mortgage Rates in Carrington, North Dakota — March 2026
Updated March 2026 | Based on Carrington market data and regional lending conditions
Carrington is a growing city in North Dakota with a population of 2,065. The current 30-year fixed mortgage rate in Carrington is 6.62%, which is 0.03% below the national average. With a median home price of $190,000 and a 20% down payment of $38,000, homebuyers can expect a monthly principal and interest payment of approximately $973.
Current Mortgage Rates in Carrington, ND
Below are the current average mortgage rates available in the Carrington 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Carrington Housing Market Overview
The Carrington housing market offers relatively affordable housing compared to many major cities. The median household income in Carrington is $57,000, and the cost of living index is 88.8 (national average = 100). Based on the 28% affordability rule, the median income in Carrington is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Carrington
Based on the median home price of $190,000 with 20% down ($38,000), here is what you can expect to pay monthly in Carrington:
15-Year vs. 30-Year Mortgage in Carrington
Choosing a 15-year mortgage in Carrington at 5.89% instead of a 30-year at 6.62% would save you $120,960 in total interest over the life of the loan. However, your monthly payment would be $1,274 instead of $973 — an increase of $301 per month.
Calculate Your Carrington 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 Carrington
What are the current mortgage rates in Carrington, ND?
As of March 2026, the average 30-year fixed mortgage rate in Carrington, North Dakota is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Carrington?
Based on the median home price of $190,000 with 20% down, the estimated monthly mortgage payment in Carrington is $973 for principal and interest. Including property taxes of $155/month, the total monthly housing cost is approximately $1,128.
What income do I need to buy a home in Carrington?
Using the 28% rule, you would need an annual income of approximately $48,343 to afford the median-priced home in Carrington at $190,000. The median household income in Carrington is $57,000. The median income is currently sufficient to meet this threshold.
Is Carrington a good place to buy a home in 2026?
Carrington offers a below-average cost of living with a cost of living index of 88.8 (national average = 100). The property tax rate in North Dakota is 0.98%, which is near the national average. Carrington has a population of 2,065 and offers a very affordable lifestyle.
Mortgage Rates in Other North Dakota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Carrington, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.