Mortgage Rates in Rochester, New York — March 2026
Updated March 2026 | Based on Rochester market data and regional lending conditions
Rochester is a mid-sized city in New York with a population of 211,328. The current 30-year fixed mortgage rate in Rochester is 6.6%, which is 0.05% below the national average. With a median home price of $135,000 and a 20% down payment of $27,000, homebuyers can expect a monthly principal and interest payment of approximately $690.
Current Mortgage Rates in Rochester, NY
Below are the current average mortgage rates available in the Rochester 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% |
Rochester Housing Market Overview
The Rochester housing market offers relatively affordable housing compared to many major cities. The median household income in Rochester is $38,225, and the cost of living index is 88.5 (national average = 100). Based on the 28% affordability rule, the median income in Rochester is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Rochester
Based on the median home price of $135,000 with 20% down ($27,000), here is what you can expect to pay monthly in Rochester:
15-Year vs. 30-Year Mortgage in Rochester
Choosing a 15-year mortgage in Rochester at 5.84% instead of a 30-year at 6.6% would save you $86,040 in total interest over the life of the loan. However, your monthly payment would be $902 instead of $690 — an increase of $212 per month.
Calculate Your Rochester 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 Rochester
What are the current mortgage rates in Rochester, NY?
As of March 2026, the average 30-year fixed mortgage rate in Rochester, 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 Rochester?
Based on the median home price of $135,000 with 20% down, the estimated monthly mortgage payment in Rochester is $690 for principal and interest. Including property taxes of $190/month, the total monthly housing cost is approximately $880.
What income do I need to buy a home in Rochester?
Using the 28% rule, you would need an annual income of approximately $37,714 to afford the median-priced home in Rochester at $135,000. The median household income in Rochester is $38,225. The median income is currently sufficient to meet this threshold.
Is Rochester a good place to buy a home in 2026?
Rochester offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in New York is 1.69%, which is above the national average. Rochester has a population of 211,328 and offers a very affordable lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rochester, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.