Mortgage Rates in Rye, New York — March 2026
Updated March 2026 | Based on Rye market data and regional lending conditions
Rye is a growing city in New York with a population of 16,264. The current 30-year fixed mortgage rate in Rye is 6.8%, which is 0.15% above the national average. With a median home price of $354,000 and a 20% down payment of $70,800, homebuyers can expect a monthly principal and interest payment of approximately $1,846.
Current Mortgage Rates in Rye, NY
Below are the current average mortgage rates available in the Rye 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% |
Rye Housing Market Overview
The Rye housing market reflects moderate demand with prices near the national average. The median household income in Rye is $70,400, and the cost of living index is 123.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $100,629 to comfortably afford the median-priced home in Rye, which exceeds the current median household income.
Monthly Payment Breakdown for Rye
Based on the median home price of $354,000 with 20% down ($70,800), here is what you can expect to pay monthly in Rye:
15-Year vs. 30-Year Mortgage in Rye
Choosing a 15-year mortgage in Rye at 6.03% instead of a 30-year at 6.8% would save you $233,640 in total interest over the life of the loan. However, your monthly payment would be $2,394 instead of $1,846 — an increase of $548 per month.
Calculate Your Rye Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Rye
What are the current mortgage rates in Rye, NY?
As of March 2026, the average 30-year fixed mortgage rate in Rye, New York 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 Rye?
Based on the median home price of $354,000 with 20% down, the estimated monthly mortgage payment in Rye is $1,846 for principal and interest. Including property taxes of $502/month, the total monthly housing cost is approximately $2,348.
What income do I need to buy a home in Rye?
Using the 28% rule, you would need an annual income of approximately $100,629 to afford the median-priced home in Rye at $354,000. The median household income in Rye is $70,400. This means most households would need to either earn above the median or consider homes below $354,000.
Is Rye a good place to buy a home in 2026?
Rye has a higher cost of living than average with a cost of living index of 123.9 (national average = 100). The property tax rate in New York is 1.7%, which is above the national average. Rye has a population of 16,264 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Rye, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.