Mortgage Rates in Elizabeth City, North Carolina — March 2026
Updated March 2026 | Based on Elizabeth City market data and regional lending conditions
Elizabeth City is a growing city in North Carolina with a population of 17,188. The current 30-year fixed mortgage rate in Elizabeth City is 6.74%, which is 0.09% above the national average. With a median home price of $235,000 and a 20% down payment of $47,000, homebuyers can expect a monthly principal and interest payment of approximately $1,218.
Current Mortgage Rates in Elizabeth City, NC
Below are the current average mortgage rates available in the Elizabeth City 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Elizabeth City Housing Market Overview
The Elizabeth City housing market offers relatively affordable housing compared to many major cities. The median household income in Elizabeth City is $53,900, and the cost of living index is 86.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,100 to comfortably afford the median-priced home in Elizabeth City, which exceeds the current median household income.
Monthly Payment Breakdown for Elizabeth City
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in Elizabeth City:
15-Year vs. 30-Year Mortgage in Elizabeth City
Choosing a 15-year mortgage in Elizabeth City at 5.98% instead of a 30-year at 6.74% would save you $153,360 in total interest over the life of the loan. However, your monthly payment would be $1,584 instead of $1,218 — an increase of $366 per month.
Calculate Your Elizabeth City 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 Elizabeth City
What are the current mortgage rates in Elizabeth City, NC?
As of March 2026, the average 30-year fixed mortgage rate in Elizabeth City, North Carolina is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Elizabeth City?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in Elizabeth City is $1,218 for principal and interest. Including property taxes of $161/month, the total monthly housing cost is approximately $1,379.
What income do I need to buy a home in Elizabeth City?
Using the 28% rule, you would need an annual income of approximately $59,100 to afford the median-priced home in Elizabeth City at $235,000. The median household income in Elizabeth City is $53,900. This means most households would need to either earn above the median or consider homes below $235,000.
Is Elizabeth City a good place to buy a home in 2026?
Elizabeth City offers a below-average cost of living with a cost of living index of 86.3 (national average = 100). The property tax rate in North Carolina is 0.82%, which is near the national average. Elizabeth City has a population of 17,188 and offers a very affordable 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 Elizabeth City, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.