Mortgage Rates in Durham, North Carolina — March 2026
Updated March 2026 | Based on Durham market data and regional lending conditions
Durham is a mid-sized city in North Carolina with a population of 283,506. The current 30-year fixed mortgage rate in Durham is 6.69%, which is 0.04% above the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,779.
Current Mortgage Rates in Durham, NC
Below are the current average mortgage rates available in the Durham 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.29% | 6.25% | +0.04% |
| VA | 6.09% | 6.05% | +0.04% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Durham Housing Market Overview
The Durham housing market reflects moderate demand with prices near the national average. The median household income in Durham is $58,905, and the cost of living index is 96.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $85,843 to comfortably afford the median-priced home in Durham, which exceeds the current median household income.
Monthly Payment Breakdown for Durham
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Durham:
15-Year vs. 30-Year Mortgage in Durham
Choosing a 15-year mortgage in Durham at 5.93% instead of a 30-year at 6.69% would save you $223,020 in total interest over the life of the loan. However, your monthly payment would be $2,319 instead of $1,779 — an increase of $540 per month.
Calculate Your Durham 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 Durham
What are the current mortgage rates in Durham, NC?
As of March 2026, the average 30-year fixed mortgage rate in Durham, North Carolina is 6.69%, while the 15-year fixed rate is 5.93%. FHA loans average 6.29% and VA loans 6.09%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Durham?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Durham is $1,779 for principal and interest. Including property taxes of $224/month, the total monthly housing cost is approximately $2,003.
What income do I need to buy a home in Durham?
Using the 28% rule, you would need an annual income of approximately $85,843 to afford the median-priced home in Durham at $345,000. The median household income in Durham is $58,905. This means most households would need to either earn above the median or consider homes below $345,000.
Is Durham a good place to buy a home in 2026?
Durham offers a below-average cost of living with a cost of living index of 96.5 (national average = 100). The property tax rate in North Carolina is 0.78%, which is below the national average. Durham has a population of 283,506 and offers a balanced lifestyle.
Mortgage Rates in Other North Carolina Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Durham, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.