Mortgage Rates in Pelham, New Hampshire — March 2026
Updated March 2026 | Based on Pelham market data and regional lending conditions
Pelham is a growing city in New Hampshire with a population of 14,222. The current 30-year fixed mortgage rate in Pelham is 6.78%, which is 0.13% above the national average. With a median home price of $315,000 and a 20% down payment of $63,000, homebuyers can expect a monthly principal and interest payment of approximately $1,639.
Current Mortgage Rates in Pelham, NH
Below are the current average mortgage rates available in the Pelham 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Pelham Housing Market Overview
The Pelham housing market reflects moderate demand with prices near the national average. The median household income in Pelham is $79,500, and the cost of living index is 106 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $94,886 to comfortably afford the median-priced home in Pelham, which exceeds the current median household income.
Monthly Payment Breakdown for Pelham
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Pelham:
15-Year vs. 30-Year Mortgage in Pelham
Choosing a 15-year mortgage in Pelham at 6.01% instead of a 30-year at 6.78% would save you $207,000 in total interest over the life of the loan. However, your monthly payment would be $2,128 instead of $1,639 — an increase of $489 per month.
Calculate Your Pelham 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 Pelham
What are the current mortgage rates in Pelham, NH?
As of March 2026, the average 30-year fixed mortgage rate in Pelham, New Hampshire is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Pelham?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Pelham is $1,639 for principal and interest. Including property taxes of $575/month, the total monthly housing cost is approximately $2,214.
What income do I need to buy a home in Pelham?
Using the 28% rule, you would need an annual income of approximately $94,886 to afford the median-priced home in Pelham at $315,000. The median household income in Pelham is $79,500. This means most households would need to either earn above the median or consider homes below $315,000.
Is Pelham a good place to buy a home in 2026?
Pelham has a moderate cost of living with a cost of living index of 106 (national average = 100). The property tax rate in New Hampshire is 2.19%, which is above the national average. Pelham has a population of 14,222 and offers a balanced lifestyle.
Mortgage Rates in Other New Hampshire Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pelham, New Hampshire area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.