Mortgage Rates in Methuen, Massachusetts — March 2026
Updated March 2026 | Based on Methuen market data and regional lending conditions
Methuen is a growing city in Massachusetts with a population of 51,531. The current 30-year fixed mortgage rate in Methuen is 6.87%, which is 0.22% above the national average. With a median home price of $545,000 and a 20% down payment of $109,000, homebuyers can expect a monthly principal and interest payment of approximately $2,863.
Current Mortgage Rates in Methuen, MA
Below are the current average mortgage rates available in the Methuen 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
Methuen Housing Market Overview
The Methuen housing market is competitive with prices well above the national median. The median household income in Methuen is $75,500, and the cost of living index is 134.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $146,057 to comfortably afford the median-priced home in Methuen, which exceeds the current median household income.
Monthly Payment Breakdown for Methuen
Based on the median home price of $545,000 with 20% down ($109,000), here is what you can expect to pay monthly in Methuen:
15-Year vs. 30-Year Mortgage in Methuen
Choosing a 15-year mortgage in Methuen at 6.09% instead of a 30-year at 6.87% would save you $364,680 in total interest over the life of the loan. However, your monthly payment would be $3,700 instead of $2,863 — an increase of $837 per month.
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Open Free CalculatorFrequently Asked Questions About Mortgages in Methuen
What are the current mortgage rates in Methuen, MA?
As of March 2026, the average 30-year fixed mortgage rate in Methuen, Massachusetts is 6.87%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in Methuen?
Based on the median home price of $545,000 with 20% down, the estimated monthly mortgage payment in Methuen is $2,863 for principal and interest. Including property taxes of $545/month, the total monthly housing cost is approximately $3,408.
What income do I need to buy a home in Methuen?
Using the 28% rule, you would need an annual income of approximately $146,057 to afford the median-priced home in Methuen at $545,000. The median household income in Methuen is $75,500. This means most households would need to either earn above the median or consider homes below $545,000.
Is Methuen a good place to buy a home in 2026?
Methuen has a higher cost of living than average with a cost of living index of 134.9 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Methuen has a population of 51,531 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Methuen, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.