Mortgage Rates in Worcester, Massachusetts — March 2026
Updated March 2026 | Based on Worcester market data and regional lending conditions
Worcester is a mid-sized city in Massachusetts with a population of 206,518. The current 30-year fixed mortgage rate in Worcester is 6.6%, which is 0.05% below the national average. With a median home price of $365,000 and a 20% down payment of $73,000, homebuyers can expect a monthly principal and interest payment of approximately $1,865.
Current Mortgage Rates in Worcester, MA
Below are the current average mortgage rates available in the Worcester 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
Worcester Housing Market Overview
The Worcester housing market reflects moderate demand with prices near the national average. The median household income in Worcester is $50,344, 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 $95,571 to comfortably afford the median-priced home in Worcester, which exceeds the current median household income.
Monthly Payment Breakdown for Worcester
Based on the median home price of $365,000 with 20% down ($73,000), here is what you can expect to pay monthly in Worcester:
15-Year vs. 30-Year Mortgage in Worcester
Choosing a 15-year mortgage in Worcester at 5.84% instead of a 30-year at 6.6% would save you $232,380 in total interest over the life of the loan. However, your monthly payment would be $2,439 instead of $1,865 — an increase of $574 per month.
Calculate Your Worcester 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 Worcester
What are the current mortgage rates in Worcester, MA?
As of March 2026, the average 30-year fixed mortgage rate in Worcester, Massachusetts is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Worcester?
Based on the median home price of $365,000 with 20% down, the estimated monthly mortgage payment in Worcester is $1,865 for principal and interest. Including property taxes of $365/month, the total monthly housing cost is approximately $2,230.
What income do I need to buy a home in Worcester?
Using the 28% rule, you would need an annual income of approximately $95,571 to afford the median-priced home in Worcester at $365,000. The median household income in Worcester is $50,344. This means most households would need to either earn above the median or consider homes below $365,000.
Is Worcester a good place to buy a home in 2026?
Worcester has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in Massachusetts is 1.2%, which is near the national average. Worcester has a population of 206,518 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Worcester, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.