Mortgage Rates in Dracut, Massachusetts — March 2026
Updated March 2026 | Based on Dracut market data and regional lending conditions
Dracut is a growing city in Massachusetts with a population of 31,826. The current 30-year fixed mortgage rate in Dracut is 6.61%, which is 0.04% below the national average. With a median home price of $513,000 and a 20% down payment of $102,600, homebuyers can expect a monthly principal and interest payment of approximately $2,624.
Current Mortgage Rates in Dracut, MA
Below are the current average mortgage rates available in the Dracut 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Dracut Housing Market Overview
The Dracut housing market is competitive with prices well above the national median. The median household income in Dracut is $85,400, and the cost of living index is 126.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $135,000 to comfortably afford the median-priced home in Dracut, which exceeds the current median household income.
Monthly Payment Breakdown for Dracut
Based on the median home price of $513,000 with 20% down ($102,600), here is what you can expect to pay monthly in Dracut:
15-Year vs. 30-Year Mortgage in Dracut
Choosing a 15-year mortgage in Dracut at 5.87% instead of a 30-year at 6.61% would save you $326,520 in total interest over the life of the loan. However, your monthly payment would be $3,434 instead of $2,624 — an increase of $810 per month.
Calculate Your Dracut Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Dracut
What are the current mortgage rates in Dracut, MA?
As of March 2026, the average 30-year fixed mortgage rate in Dracut, Massachusetts is 6.61%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Dracut?
Based on the median home price of $513,000 with 20% down, the estimated monthly mortgage payment in Dracut is $2,624 for principal and interest. Including property taxes of $526/month, the total monthly housing cost is approximately $3,150.
What income do I need to buy a home in Dracut?
Using the 28% rule, you would need an annual income of approximately $135,000 to afford the median-priced home in Dracut at $513,000. The median household income in Dracut is $85,400. This means most households would need to either earn above the median or consider homes below $513,000.
Is Dracut a good place to buy a home in 2026?
Dracut has a higher cost of living than average with a cost of living index of 126.4 (national average = 100). The property tax rate in Massachusetts is 1.23%, which is near the national average. Dracut has a population of 31,826 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Dracut, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.