Mortgage Rates in Port Townsend, Washington — March 2026
Updated March 2026 | Based on Port Townsend market data and regional lending conditions
Port Townsend is a growing city in Washington with a population of 9,551. The current 30-year fixed mortgage rate in Port Townsend is 6.04%, which is 0.61% below the national average. With a median home price of $485,000 and a 20% down payment of $97,000, homebuyers can expect a monthly principal and interest payment of approximately $2,336.
Current Mortgage Rates in Port Townsend, WA
Below are the current average mortgage rates available in the Port Townsend 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 | 6.04% | 6.65% | -0.61% |
| 15-Year Fixed | 5.28% | 5.89% | -0.61% |
| 5/1 ARM | 5.54% | 6.15% | -0.61% |
| FHA | 5.64% | 6.25% | -0.61% |
| VA | 5.44% | 6.05% | -0.61% |
| Jumbo | 6.24% | 6.85% | -0.61% |
Port Townsend Housing Market Overview
The Port Townsend housing market reflects moderate demand with prices near the national average. The median household income in Port Townsend is $45,000, and the cost of living index is 110 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $117,771 to comfortably afford the median-priced home in Port Townsend, which exceeds the current median household income.
Monthly Payment Breakdown for Port Townsend
Based on the median home price of $485,000 with 20% down ($97,000), here is what you can expect to pay monthly in Port Townsend:
15-Year vs. 30-Year Mortgage in Port Townsend
Choosing a 15-year mortgage in Port Townsend at 5.28% instead of a 30-year at 6.04% would save you $278,460 in total interest over the life of the loan. However, your monthly payment would be $3,125 instead of $2,336 — an increase of $789 per month.
Calculate Your Port Townsend Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Port Townsend
What are the current mortgage rates in Port Townsend, WA?
As of March 2026, the average 30-year fixed mortgage rate in Port Townsend, Washington is 6.04%, while the 15-year fixed rate is 5.28%. FHA loans average 5.64% and VA loans 5.44%. These rates are 0.61% below the national average of 6.65%.
How much is a monthly mortgage payment in Port Townsend?
Based on the median home price of $485,000 with 20% down, the estimated monthly mortgage payment in Port Townsend is $2,336 for principal and interest. Including property taxes of $412/month, the total monthly housing cost is approximately $2,748.
What income do I need to buy a home in Port Townsend?
Using the 28% rule, you would need an annual income of approximately $117,771 to afford the median-priced home in Port Townsend at $485,000. The median household income in Port Townsend is $45,000. This means most households would need to either earn above the median or consider homes below $485,000.
Is Port Townsend a good place to buy a home in 2026?
Port Townsend has a moderate cost of living with a cost of living index of 110 (national average = 100). The property tax rate in Washington is 1.02%, which is near the national average. Port Townsend has a population of 9,551 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Port Townsend, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.