Mortgage Rates in New York — March 2026
Compare current mortgage rates across 8 cities in New York. The average 30-year fixed rate is 6.6%, which is 0.05% below the national average of 6.65%.
New York Housing Highlights
All 8 Cities in New York
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| New York | 6.6% | $680,000 | $3,474 | 8,336,817 |
| Buffalo | 6.6% | $175,000 | $894 | 278,349 |
| Yonkers | 6.6% | $545,000 | $2,785 | 211,569 |
| Rochester | 6.6% | $135,000 | $690 | 211,328 |
| Syracuse | 6.6% | $135,000 | $690 | 148,620 |
| Albany | 6.6% | $215,000 | $1,098 | 99,224 |
| New Rochelle | 6.6% | $625,000 | $3,193 | 79,726 |
| Schenectady | 6.6% | $175,000 | $894 | 67,878 |
New York Mortgage Rates Guide — 2026
New York homebuyers currently see an average 30-year fixed mortgage rate of 6.6%, with median home prices around $335,625. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,715.
The most affordable city for homebuyers in New York is Rochester, where the median home price is $135,000. On the other end, New York has the highest prices at $680,000. Property tax rates across the state average 1.69%.
To comfortably afford a home at the state average price, a household income of approximately $73,500 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — New York Mortgages
What are current mortgage rates in New York?
As of March 2026, the average 30-year fixed mortgage rate in New York is 6.6% and the 15-year fixed rate averages 5.84%. Rates vary by city, lender, and borrower qualification.
What is the average home price in New York?
The median home price across 8 cities in New York is $335,625. Prices range from $135,000 in Rochester to $680,000 in New York.
How much income do I need to buy a house in New York?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $73,500 to comfortably afford the average home in New York. The median household income in the state is approximately $51,481.
New York Mortgage Rates by ZIP Code
Explore mortgage rates for specific ZIP codes in New York. Rates can vary by neighborhood based on local property values and lending conditions.
Browse Mortgage Rates by State
Calculate Your New York Mortgage Payment
Use our free calculator to see your exact monthly payment and amortization schedule.
Open Free Calculator