Mortgage Rates in Saratoga Springs, New York — March 2026
Updated March 2026 | Based on Saratoga Springs market data and regional lending conditions
Saratoga Springs is a growing city in New York with a population of 29,165. The current 30-year fixed mortgage rate in Saratoga Springs is 6.49%, which is 0.16% below the national average. With a median home price of $425,000 and a 20% down payment of $85,000, homebuyers can expect a monthly principal and interest payment of approximately $2,146.
Current Mortgage Rates in Saratoga Springs, NY
Below are the current average mortgage rates available in the Saratoga Springs 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 | 6.49% | 6.65% | -0.16% |
| 15-Year Fixed | 5.73% | 5.89% | -0.16% |
| 5/1 ARM | 5.99% | 6.15% | -0.16% |
| FHA | 6.09% | 6.25% | -0.16% |
| VA | 5.89% | 6.05% | -0.16% |
| Jumbo | 6.69% | 6.85% | -0.16% |
Saratoga Springs Housing Market Overview
The Saratoga Springs housing market reflects moderate demand with prices near the national average. The median household income in Saratoga Springs is $65,000, and the cost of living index is 115 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $118,243 to comfortably afford the median-priced home in Saratoga Springs, which exceeds the current median household income.
Monthly Payment Breakdown for Saratoga Springs
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Saratoga Springs:
15-Year vs. 30-Year Mortgage in Saratoga Springs
Choosing a 15-year mortgage in Saratoga Springs at 5.73% instead of a 30-year at 6.49% would save you $264,960 in total interest over the life of the loan. However, your monthly payment would be $2,820 instead of $2,146 — an increase of $674 per month.
Calculate Your Saratoga Springs 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 Saratoga Springs
What are the current mortgage rates in Saratoga Springs, NY?
As of March 2026, the average 30-year fixed mortgage rate in Saratoga Springs, New York is 6.49%, while the 15-year fixed rate is 5.73%. FHA loans average 6.09% and VA loans 5.89%. These rates are 0.16% below the national average of 6.65%.
How much is a monthly mortgage payment in Saratoga Springs?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Saratoga Springs is $2,146 for principal and interest. Including property taxes of $613/month, the total monthly housing cost is approximately $2,759.
What income do I need to buy a home in Saratoga Springs?
Using the 28% rule, you would need an annual income of approximately $118,243 to afford the median-priced home in Saratoga Springs at $425,000. The median household income in Saratoga Springs is $65,000. This means most households would need to either earn above the median or consider homes below $425,000.
Is Saratoga Springs a good place to buy a home in 2026?
Saratoga Springs has a moderate cost of living with a cost of living index of 115 (national average = 100). The property tax rate in New York is 1.73%, which is above the national average. Saratoga Springs has a population of 29,165 and offers a balanced lifestyle.
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Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Saratoga Springs, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.