Mortgage Rates in Salisbury, Maryland — March 2026
Updated March 2026 | Based on Salisbury market data and regional lending conditions
Salisbury is a growing city in Maryland with a population of 33,610. The current 30-year fixed mortgage rate in Salisbury is 6.59%, which is 0.06% below the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,098.
Current Mortgage Rates in Salisbury, MD
Below are the current average mortgage rates available in the Salisbury 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 | 6.59% | 6.65% | -0.06% |
| 15-Year Fixed | 5.83% | 5.89% | -0.06% |
| 5/1 ARM | 6.09% | 6.15% | -0.06% |
| FHA | 6.19% | 6.25% | -0.06% |
| VA | 5.99% | 6.05% | -0.06% |
| Jumbo | 6.79% | 6.85% | -0.06% |
Salisbury Housing Market Overview
The Salisbury housing market offers relatively affordable housing compared to many major cities. The median household income in Salisbury is $38,000, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $55,200 to comfortably afford the median-priced home in Salisbury, which exceeds the current median household income.
Monthly Payment Breakdown for Salisbury
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Salisbury:
15-Year vs. 30-Year Mortgage in Salisbury
Choosing a 15-year mortgage in Salisbury at 5.83% instead of a 30-year at 6.59% would save you $136,800 in total interest over the life of the loan. However, your monthly payment would be $1,436 instead of $1,098 — an increase of $338 per month.
Calculate Your Salisbury 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 Salisbury
What are the current mortgage rates in Salisbury, MD?
As of March 2026, the average 30-year fixed mortgage rate in Salisbury, Maryland is 6.59%, while the 15-year fixed rate is 5.83%. FHA loans average 6.19% and VA loans 5.99%. These rates are 0.06% below the national average of 6.65%.
How much is a monthly mortgage payment in Salisbury?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Salisbury is $1,098 for principal and interest. Including property taxes of $190/month, the total monthly housing cost is approximately $1,288.
What income do I need to buy a home in Salisbury?
Using the 28% rule, you would need an annual income of approximately $55,200 to afford the median-priced home in Salisbury at $215,000. The median household income in Salisbury is $38,000. This means most households would need to either earn above the median or consider homes below $215,000.
Is Salisbury a good place to buy a home in 2026?
Salisbury offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Maryland is 1.06%, which is near the national average. Salisbury has a population of 33,610 and offers a very affordable lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Salisbury, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.