Mortgage Rates in Carrboro, North Carolina — March 2026
Updated March 2026 | Based on Carrboro market data and regional lending conditions
Carrboro is a growing city in North Carolina with a population of 21,295. The current 30-year fixed mortgage rate in Carrboro is 6.64%, which is 0.01% below the national average. With a median home price of $243,000 and a 20% down payment of $48,600, homebuyers can expect a monthly principal and interest payment of approximately $1,247.
Current Mortgage Rates in Carrboro, NC
Below are the current average mortgage rates available in the Carrboro 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Carrboro Housing Market Overview
The Carrboro housing market offers relatively affordable housing compared to many major cities. The median household income in Carrboro is $57,900, and the cost of living index is 95.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,786 to comfortably afford the median-priced home in Carrboro, which exceeds the current median household income.
Monthly Payment Breakdown for Carrboro
Based on the median home price of $243,000 with 20% down ($48,600), here is what you can expect to pay monthly in Carrboro:
15-Year vs. 30-Year Mortgage in Carrboro
Choosing a 15-year mortgage in Carrboro at 5.9% instead of a 30-year at 6.64% would save you $155,520 in total interest over the life of the loan. However, your monthly payment would be $1,630 instead of $1,247 — an increase of $383 per month.
Calculate Your Carrboro 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 Carrboro
What are the current mortgage rates in Carrboro, NC?
As of March 2026, the average 30-year fixed mortgage rate in Carrboro, North Carolina is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Carrboro?
Based on the median home price of $243,000 with 20% down, the estimated monthly mortgage payment in Carrboro is $1,247 for principal and interest. Including property taxes of $148/month, the total monthly housing cost is approximately $1,395.
What income do I need to buy a home in Carrboro?
Using the 28% rule, you would need an annual income of approximately $59,786 to afford the median-priced home in Carrboro at $243,000. The median household income in Carrboro is $57,900. This means most households would need to either earn above the median or consider homes below $243,000.
Is Carrboro a good place to buy a home in 2026?
Carrboro offers a below-average cost of living with a cost of living index of 95.2 (national average = 100). The property tax rate in North Carolina is 0.73%, which is below the national average. Carrboro has a population of 21,295 and offers a balanced lifestyle.
Mortgage Rates in Other North Carolina Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Carrboro, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.