Mortgage Rates in Dunkirk, New York — March 2026
Updated March 2026 | Based on Dunkirk market data and regional lending conditions
Dunkirk is a growing city in New York with a population of 12,000. The current 30-year fixed mortgage rate in Dunkirk is 6.64%, which is 0.01% below the national average. With a median home price of $410,000 and a 20% down payment of $82,000, homebuyers can expect a monthly principal and interest payment of approximately $2,103.
Current Mortgage Rates in Dunkirk, NY
Below are the current average mortgage rates available in the Dunkirk 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 | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Dunkirk Housing Market Overview
The Dunkirk housing market reflects moderate demand with prices near the national average. The median household income in Dunkirk is $72,300, and the cost of living index is 125.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $113,400 to comfortably afford the median-priced home in Dunkirk, which exceeds the current median household income.
Monthly Payment Breakdown for Dunkirk
Based on the median home price of $410,000 with 20% down ($82,000), here is what you can expect to pay monthly in Dunkirk:
15-Year vs. 30-Year Mortgage in Dunkirk
Choosing a 15-year mortgage in Dunkirk at 5.9% instead of a 30-year at 6.64% would save you $262,080 in total interest over the life of the loan. However, your monthly payment would be $2,750 instead of $2,103 — an increase of $647 per month.
Calculate Your Dunkirk Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Dunkirk
What are the current mortgage rates in Dunkirk, NY?
As of March 2026, the average 30-year fixed mortgage rate in Dunkirk, New York is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Dunkirk?
Based on the median home price of $410,000 with 20% down, the estimated monthly mortgage payment in Dunkirk is $2,103 for principal and interest. Including property taxes of $543/month, the total monthly housing cost is approximately $2,646.
What income do I need to buy a home in Dunkirk?
Using the 28% rule, you would need an annual income of approximately $113,400 to afford the median-priced home in Dunkirk at $410,000. The median household income in Dunkirk is $72,300. This means most households would need to either earn above the median or consider homes below $410,000.
Is Dunkirk a good place to buy a home in 2026?
Dunkirk has a higher cost of living than average with a cost of living index of 125.6 (national average = 100). The property tax rate in New York is 1.59%, which is above the national average. Dunkirk has a population of 12,000 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Dunkirk, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.