Mortgage Rates in Southington, Connecticut — March 2026
Updated March 2026 | Based on Southington market data and regional lending conditions
Southington is a growing city in Connecticut with a population of 43,841. The current 30-year fixed mortgage rate in Southington is 6.66%, which is 0.01% above the national average. With a median home price of $363,000 and a 20% down payment of $72,600, homebuyers can expect a monthly principal and interest payment of approximately $1,866.
Current Mortgage Rates in Southington, CT
Below are the current average mortgage rates available in the Southington 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Southington Housing Market Overview
The Southington housing market reflects moderate demand with prices near the national average. The median household income in Southington is $75,500, and the cost of living index is 102.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $106,414 to comfortably afford the median-priced home in Southington, which exceeds the current median household income.
Monthly Payment Breakdown for Southington
Based on the median home price of $363,000 with 20% down ($72,600), here is what you can expect to pay monthly in Southington:
15-Year vs. 30-Year Mortgage in Southington
Choosing a 15-year mortgage in Southington at 5.92% instead of a 30-year at 6.66% would save you $232,920 in total interest over the life of the loan. However, your monthly payment would be $2,438 instead of $1,866 — an increase of $572 per month.
Calculate Your Southington 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 Southington
What are the current mortgage rates in Southington, CT?
As of March 2026, the average 30-year fixed mortgage rate in Southington, Connecticut is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Southington?
Based on the median home price of $363,000 with 20% down, the estimated monthly mortgage payment in Southington is $1,866 for principal and interest. Including property taxes of $617/month, the total monthly housing cost is approximately $2,483.
What income do I need to buy a home in Southington?
Using the 28% rule, you would need an annual income of approximately $106,414 to afford the median-priced home in Southington at $363,000. The median household income in Southington is $75,500. This means most households would need to either earn above the median or consider homes below $363,000.
Is Southington a good place to buy a home in 2026?
Southington has a moderate cost of living with a cost of living index of 102.2 (national average = 100). The property tax rate in Connecticut is 2.04%, which is above the national average. Southington has a population of 43,841 and offers a balanced lifestyle.
Mortgage Rates in Other Connecticut Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Southington, Connecticut area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.