Mortgage Rates in Geneva, New York — March 2026
Updated March 2026 | Based on Geneva market data and regional lending conditions
Geneva is a growing city in New York with a population of 12,720. The current 30-year fixed mortgage rate in Geneva is 6.23%, which is 0.42% below the national average. With a median home price of $185,000 and a 20% down payment of $37,000, homebuyers can expect a monthly principal and interest payment of approximately $909.
Current Mortgage Rates in Geneva, NY
Below are the current average mortgage rates available in the Geneva 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 | 6.23% | 6.65% | -0.42% |
| 15-Year Fixed | 5.47% | 5.89% | -0.42% |
| 5/1 ARM | 5.73% | 6.15% | -0.42% |
| FHA | 5.83% | 6.25% | -0.42% |
| VA | 5.63% | 6.05% | -0.42% |
| Jumbo | 6.43% | 6.85% | -0.42% |
Geneva Housing Market Overview
The Geneva housing market offers relatively affordable housing compared to many major cities. The median household income in Geneva is $38,000, and the cost of living index is 86 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $50,143 to comfortably afford the median-priced home in Geneva, which exceeds the current median household income.
Monthly Payment Breakdown for Geneva
Based on the median home price of $185,000 with 20% down ($37,000), here is what you can expect to pay monthly in Geneva:
15-Year vs. 30-Year Mortgage in Geneva
Choosing a 15-year mortgage in Geneva at 5.47% instead of a 30-year at 6.23% would save you $109,980 in total interest over the life of the loan. However, your monthly payment would be $1,207 instead of $909 — an increase of $298 per month.
Calculate Your Geneva 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 Geneva
What are the current mortgage rates in Geneva, NY?
As of March 2026, the average 30-year fixed mortgage rate in Geneva, New York is 6.23%, while the 15-year fixed rate is 5.47%. FHA loans average 5.83% and VA loans 5.63%. These rates are 0.42% below the national average of 6.65%.
How much is a monthly mortgage payment in Geneva?
Based on the median home price of $185,000 with 20% down, the estimated monthly mortgage payment in Geneva is $909 for principal and interest. Including property taxes of $261/month, the total monthly housing cost is approximately $1,170.
What income do I need to buy a home in Geneva?
Using the 28% rule, you would need an annual income of approximately $50,143 to afford the median-priced home in Geneva at $185,000. The median household income in Geneva is $38,000. This means most households would need to either earn above the median or consider homes below $185,000.
Is Geneva a good place to buy a home in 2026?
Geneva offers a below-average cost of living with a cost of living index of 86 (national average = 100). The property tax rate in New York is 1.69%, which is above the national average. Geneva has a population of 12,720 and offers a very affordable lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Geneva, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.