Mortgage Rates in Enfield, Connecticut — March 2026
Updated March 2026 | Based on Enfield market data and regional lending conditions
Enfield is a growing city in Connecticut with a population of 44,234. The current 30-year fixed mortgage rate in Enfield is 6.76%, which is 0.11% above the national average. With a median home price of $306,000 and a 20% down payment of $61,200, homebuyers can expect a monthly principal and interest payment of approximately $1,589.
Current Mortgage Rates in Enfield, CT
Below are the current average mortgage rates available in the Enfield 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Enfield Housing Market Overview
The Enfield housing market reflects moderate demand with prices near the national average. The median household income in Enfield is $81,100, and the cost of living index is 102.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $91,371 to comfortably afford the median-priced home in Enfield, which exceeds the current median household income.
Monthly Payment Breakdown for Enfield
Based on the median home price of $306,000 with 20% down ($61,200), here is what you can expect to pay monthly in Enfield:
15-Year vs. 30-Year Mortgage in Enfield
Choosing a 15-year mortgage in Enfield at 6% instead of a 30-year at 6.76% would save you $200,160 in total interest over the life of the loan. However, your monthly payment would be $2,066 instead of $1,589 — an increase of $477 per month.
Calculate Your Enfield 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 Enfield
What are the current mortgage rates in Enfield, CT?
As of March 2026, the average 30-year fixed mortgage rate in Enfield, Connecticut is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Enfield?
Based on the median home price of $306,000 with 20% down, the estimated monthly mortgage payment in Enfield is $1,589 for principal and interest. Including property taxes of $543/month, the total monthly housing cost is approximately $2,132.
What income do I need to buy a home in Enfield?
Using the 28% rule, you would need an annual income of approximately $91,371 to afford the median-priced home in Enfield at $306,000. The median household income in Enfield is $81,100. This means most households would need to either earn above the median or consider homes below $306,000.
Is Enfield a good place to buy a home in 2026?
Enfield has a moderate cost of living with a cost of living index of 102.1 (national average = 100). The property tax rate in Connecticut is 2.13%, which is above the national average. Enfield has a population of 44,234 and offers a balanced lifestyle.
Mortgage Rates in Other Connecticut Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Enfield, Connecticut area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.