Mortgage Rates in Warwick, Rhode Island — March 2026
Updated March 2026 | Based on Warwick market data and regional lending conditions
Warwick is a growing city in Rhode Island with a population of 82,823. The current 30-year fixed mortgage rate in Warwick is 6.67%, which is 0.02% above the national average. With a median home price of $325,000 and a 20% down payment of $65,000, homebuyers can expect a monthly principal and interest payment of approximately $1,673.
Current Mortgage Rates in Warwick, RI
Below are the current average mortgage rates available in the Warwick 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Warwick Housing Market Overview
The Warwick housing market reflects moderate demand with prices near the national average. The median household income in Warwick is $62,250, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $90,600 to comfortably afford the median-priced home in Warwick, which exceeds the current median household income.
Monthly Payment Breakdown for Warwick
Based on the median home price of $325,000 with 20% down ($65,000), here is what you can expect to pay monthly in Warwick:
15-Year vs. 30-Year Mortgage in Warwick
Choosing a 15-year mortgage in Warwick at 5.91% instead of a 30-year at 6.67% would save you $209,700 in total interest over the life of the loan. However, your monthly payment would be $2,181 instead of $1,673 — an increase of $508 per month.
Calculate Your Warwick 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 Warwick
What are the current mortgage rates in Warwick, RI?
As of March 2026, the average 30-year fixed mortgage rate in Warwick, Rhode Island is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Warwick?
Based on the median home price of $325,000 with 20% down, the estimated monthly mortgage payment in Warwick is $1,673 for principal and interest. Including property taxes of $441/month, the total monthly housing cost is approximately $2,114.
What income do I need to buy a home in Warwick?
Using the 28% rule, you would need an annual income of approximately $90,600 to afford the median-priced home in Warwick at $325,000. The median household income in Warwick is $62,250. This means most households would need to either earn above the median or consider homes below $325,000.
Is Warwick a good place to buy a home in 2026?
Warwick has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in Rhode Island is 1.63%, which is above the national average. Warwick has a population of 82,823 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Warwick, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.