Mortgage Rates in Barrington, Rhode Island — March 2026
Updated March 2026 | Based on Barrington market data and regional lending conditions
Barrington is a growing city in Rhode Island with a population of 16,310. The current 30-year fixed mortgage rate in Barrington is 6.79%, which is 0.14% above the national average. With a median home price of $351,000 and a 20% down payment of $70,200, homebuyers can expect a monthly principal and interest payment of approximately $1,829.
Current Mortgage Rates in Barrington, RI
Below are the current average mortgage rates available in the Barrington 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Barrington Housing Market Overview
The Barrington housing market reflects moderate demand with prices near the national average. The median household income in Barrington is $71,200, and the cost of living index is 99.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $98,314 to comfortably afford the median-priced home in Barrington, which exceeds the current median household income.
Monthly Payment Breakdown for Barrington
Based on the median home price of $351,000 with 20% down ($70,200), here is what you can expect to pay monthly in Barrington:
15-Year vs. 30-Year Mortgage in Barrington
Choosing a 15-year mortgage in Barrington at 6.02% instead of a 30-year at 6.79% would save you $231,300 in total interest over the life of the loan. However, your monthly payment would be $2,373 instead of $1,829 — an increase of $544 per month.
Calculate Your Barrington 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 Barrington
What are the current mortgage rates in Barrington, RI?
As of March 2026, the average 30-year fixed mortgage rate in Barrington, Rhode Island is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Barrington?
Based on the median home price of $351,000 with 20% down, the estimated monthly mortgage payment in Barrington is $1,829 for principal and interest. Including property taxes of $465/month, the total monthly housing cost is approximately $2,294.
What income do I need to buy a home in Barrington?
Using the 28% rule, you would need an annual income of approximately $98,314 to afford the median-priced home in Barrington at $351,000. The median household income in Barrington is $71,200. This means most households would need to either earn above the median or consider homes below $351,000.
Is Barrington a good place to buy a home in 2026?
Barrington offers a below-average cost of living with a cost of living index of 99.8 (national average = 100). The property tax rate in Rhode Island is 1.59%, which is above the national average. Barrington has a population of 16,310 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Barrington, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.