Mortgage Rates in Middletown, Rhode Island — March 2026
Updated March 2026 | Based on Middletown market data and regional lending conditions
Middletown is a growing city in Rhode Island with a population of 16,150. The current 30-year fixed mortgage rate in Middletown is 6.8%, which is 0.15% above the national average. With a median home price of $313,000 and a 20% down payment of $62,600, homebuyers can expect a monthly principal and interest payment of approximately $1,632.
Current Mortgage Rates in Middletown, RI
Below are the current average mortgage rates available in the Middletown 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 | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Middletown Housing Market Overview
The Middletown housing market reflects moderate demand with prices near the national average. The median household income in Middletown is $68,200, and the cost of living index is 101.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $89,400 to comfortably afford the median-priced home in Middletown, which exceeds the current median household income.
Monthly Payment Breakdown for Middletown
Based on the median home price of $313,000 with 20% down ($62,600), here is what you can expect to pay monthly in Middletown:
15-Year vs. 30-Year Mortgage in Middletown
Choosing a 15-year mortgage in Middletown at 6.03% instead of a 30-year at 6.8% would save you $206,460 in total interest over the life of the loan. However, your monthly payment would be $2,117 instead of $1,632 — an increase of $485 per month.
Calculate Your Middletown 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 Middletown
What are the current mortgage rates in Middletown, RI?
As of March 2026, the average 30-year fixed mortgage rate in Middletown, Rhode Island is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Middletown?
Based on the median home price of $313,000 with 20% down, the estimated monthly mortgage payment in Middletown is $1,632 for principal and interest. Including property taxes of $454/month, the total monthly housing cost is approximately $2,086.
What income do I need to buy a home in Middletown?
Using the 28% rule, you would need an annual income of approximately $89,400 to afford the median-priced home in Middletown at $313,000. The median household income in Middletown is $68,200. This means most households would need to either earn above the median or consider homes below $313,000.
Is Middletown a good place to buy a home in 2026?
Middletown has a moderate cost of living with a cost of living index of 101.5 (national average = 100). The property tax rate in Rhode Island is 1.74%, which is above the national average. Middletown has a population of 16,150 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Middletown, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.