Mortgage Rates in Essex Junction, Vermont — March 2026
Updated March 2026 | Based on Essex Junction market data and regional lending conditions
Essex Junction is a growing city in Vermont with a population of 10,761. The current 30-year fixed mortgage rate in Essex Junction is 6.77%, which is 0.12% above the national average. With a median home price of $290,000 and a 20% down payment of $58,000, homebuyers can expect a monthly principal and interest payment of approximately $1,508.
Current Mortgage Rates in Essex Junction, VT
Below are the current average mortgage rates available in the Essex Junction 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Essex Junction Housing Market Overview
The Essex Junction housing market offers relatively affordable housing compared to many major cities. The median household income in Essex Junction is $64,500, and the cost of living index is 104 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,814 to comfortably afford the median-priced home in Essex Junction, which exceeds the current median household income.
Monthly Payment Breakdown for Essex Junction
Based on the median home price of $290,000 with 20% down ($58,000), here is what you can expect to pay monthly in Essex Junction:
15-Year vs. 30-Year Mortgage in Essex Junction
Choosing a 15-year mortgage in Essex Junction at 6.01% instead of a 30-year at 6.77% would save you $190,260 in total interest over the life of the loan. However, your monthly payment would be $1,959 instead of $1,508 — an increase of $451 per month.
Calculate Your Essex Junction 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 Essex Junction
What are the current mortgage rates in Essex Junction, VT?
As of March 2026, the average 30-year fixed mortgage rate in Essex Junction, Vermont is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Essex Junction?
Based on the median home price of $290,000 with 20% down, the estimated monthly mortgage payment in Essex Junction is $1,508 for principal and interest. Including property taxes of $471/month, the total monthly housing cost is approximately $1,979.
What income do I need to buy a home in Essex Junction?
Using the 28% rule, you would need an annual income of approximately $84,814 to afford the median-priced home in Essex Junction at $290,000. The median household income in Essex Junction is $64,500. This means most households would need to either earn above the median or consider homes below $290,000.
Is Essex Junction a good place to buy a home in 2026?
Essex Junction has a moderate cost of living with a cost of living index of 104 (national average = 100). The property tax rate in Vermont is 1.95%, which is above the national average. Essex Junction has a population of 10,761 and offers a balanced lifestyle.
Mortgage Rates in Other Vermont Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Essex Junction, Vermont area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.