Mortgage Rates in New Rochelle, New York — March 2026
Updated March 2026 | Based on New Rochelle market data and regional lending conditions
New Rochelle is a growing city in New York with a population of 79,726. The current 30-year fixed mortgage rate in New Rochelle is 6.6%, which is 0.05% below the national average. With a median home price of $625,000 and a 20% down payment of $125,000, homebuyers can expect a monthly principal and interest payment of approximately $3,193.
Current Mortgage Rates in New Rochelle, NY
Below are the current average mortgage rates available in the New Rochelle 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
New Rochelle Housing Market Overview
The New Rochelle housing market is competitive with prices well above the national median. The median household income in New Rochelle is $72,250, and the cost of living index is 135.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $174,557 to comfortably afford the median-priced home in New Rochelle, which exceeds the current median household income.
Monthly Payment Breakdown for New Rochelle
Based on the median home price of $625,000 with 20% down ($125,000), here is what you can expect to pay monthly in New Rochelle:
15-Year vs. 30-Year Mortgage in New Rochelle
Choosing a 15-year mortgage in New Rochelle at 5.84% instead of a 30-year at 6.6% would save you $397,800 in total interest over the life of the loan. However, your monthly payment would be $4,176 instead of $3,193 — an increase of $983 per month.
Calculate Your New Rochelle 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 New Rochelle
What are the current mortgage rates in New Rochelle, NY?
As of March 2026, the average 30-year fixed mortgage rate in New Rochelle, New York is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in New Rochelle?
Based on the median home price of $625,000 with 20% down, the estimated monthly mortgage payment in New Rochelle is $3,193 for principal and interest. Including property taxes of $880/month, the total monthly housing cost is approximately $4,073.
What income do I need to buy a home in New Rochelle?
Using the 28% rule, you would need an annual income of approximately $174,557 to afford the median-priced home in New Rochelle at $625,000. The median household income in New Rochelle is $72,250. This means most households would need to either earn above the median or consider homes below $625,000.
Is New Rochelle a good place to buy a home in 2026?
New Rochelle has a higher cost of living than average with a cost of living index of 135.5 (national average = 100). The property tax rate in New York is 1.69%, which is above the national average. New Rochelle has a population of 79,726 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the New Rochelle, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.