Mortgage Rates in East Hampton, New York — March 2026
Updated March 2026 | Based on East Hampton market data and regional lending conditions
East Hampton is a growing city in New York with a population of 21,457. The current 30-year fixed mortgage rate in East Hampton is 6.72%, which is 0.07% above the national average. With a median home price of $400,000 and a 20% down payment of $80,000, homebuyers can expect a monthly principal and interest payment of approximately $2,069.
Current Mortgage Rates in East Hampton, NY
Below are the current average mortgage rates available in the East Hampton 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 | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.97% | 6.85% | +0.12% |
East Hampton Housing Market Overview
The East Hampton housing market reflects moderate demand with prices near the national average. The median household income in East Hampton is $63,100, and the cost of living index is 124.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $112,671 to comfortably afford the median-priced home in East Hampton, which exceeds the current median household income.
Monthly Payment Breakdown for East Hampton
Based on the median home price of $400,000 with 20% down ($80,000), here is what you can expect to pay monthly in East Hampton:
15-Year vs. 30-Year Mortgage in East Hampton
Choosing a 15-year mortgage in East Hampton at 5.97% instead of a 30-year at 6.72% would save you $259,740 in total interest over the life of the loan. However, your monthly payment would be $2,695 instead of $2,069 — an increase of $626 per month.
Calculate Your East Hampton 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 East Hampton
What are the current mortgage rates in East Hampton, NY?
As of March 2026, the average 30-year fixed mortgage rate in East Hampton, New York is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in East Hampton?
Based on the median home price of $400,000 with 20% down, the estimated monthly mortgage payment in East Hampton is $2,069 for principal and interest. Including property taxes of $560/month, the total monthly housing cost is approximately $2,629.
What income do I need to buy a home in East Hampton?
Using the 28% rule, you would need an annual income of approximately $112,671 to afford the median-priced home in East Hampton at $400,000. The median household income in East Hampton is $63,100. This means most households would need to either earn above the median or consider homes below $400,000.
Is East Hampton a good place to buy a home in 2026?
East Hampton has a higher cost of living than average with a cost of living index of 124.2 (national average = 100). The property tax rate in New York is 1.68%, which is above the national average. East Hampton has a population of 21,457 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the East Hampton, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.