Mortgage Rates in West Greenwich, Rhode Island — March 2026
Updated March 2026 | Based on West Greenwich market data and regional lending conditions
West Greenwich is a growing city in Rhode Island with a population of 6,135. The current 30-year fixed mortgage rate in West Greenwich is 6.72%, which is 0.07% above the national average. With a median home price of $339,000 and a 20% down payment of $67,800, homebuyers can expect a monthly principal and interest payment of approximately $1,754.
Current Mortgage Rates in West Greenwich, RI
Below are the current average mortgage rates available in the West Greenwich 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
West Greenwich Housing Market Overview
The West Greenwich housing market reflects moderate demand with prices near the national average. The median household income in West Greenwich is $70,000, and the cost of living index is 98.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $95,529 to comfortably afford the median-priced home in West Greenwich, which exceeds the current median household income.
Monthly Payment Breakdown for West Greenwich
Based on the median home price of $339,000 with 20% down ($67,800), here is what you can expect to pay monthly in West Greenwich:
15-Year vs. 30-Year Mortgage in West Greenwich
Choosing a 15-year mortgage in West Greenwich at 5.96% instead of a 30-year at 6.72% would save you $220,500 in total interest over the life of the loan. However, your monthly payment would be $2,283 instead of $1,754 — an increase of $529 per month.
Calculate Your West Greenwich 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 West Greenwich
What are the current mortgage rates in West Greenwich, RI?
As of March 2026, the average 30-year fixed mortgage rate in West Greenwich, Rhode Island is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in West Greenwich?
Based on the median home price of $339,000 with 20% down, the estimated monthly mortgage payment in West Greenwich is $1,754 for principal and interest. Including property taxes of $475/month, the total monthly housing cost is approximately $2,229.
What income do I need to buy a home in West Greenwich?
Using the 28% rule, you would need an annual income of approximately $95,529 to afford the median-priced home in West Greenwich at $339,000. The median household income in West Greenwich is $70,000. This means most households would need to either earn above the median or consider homes below $339,000.
Is West Greenwich a good place to buy a home in 2026?
West Greenwich offers a below-average cost of living with a cost of living index of 98.2 (national average = 100). The property tax rate in Rhode Island is 1.68%, which is above the national average. West Greenwich has a population of 6,135 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 West Greenwich, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.