Mortgage Rates in Ellendale, Delaware — March 2026
Updated March 2026 | Based on Ellendale market data and regional lending conditions
Ellendale is a smaller Delaware community of 31,685 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.62% (0.03% below the national average). The median home price of $360,000 translates to roughly $1,990/month with 20% down — requiring an income of about $85,286, which exceeds the local median of $70,000.
Current Mortgage Rates in Ellendale, DE
Below are the current average mortgage rates available in the Ellendale 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Ellendale Housing Market Overview
Housing in Ellendale sits near the national average at $360,000. With a median household income of $70,000 and a cost of living index of 106.9, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Ellendale
Based on the median home price of $360,000 with 20% down ($72,000), here is what you can expect to pay monthly in Ellendale:
15-Year vs. 30-Year Mortgage in Ellendale
Choosing a 15-year mortgage in Ellendale at 5.89% instead of a 30-year at 6.62% would save you $229,140 in total interest over the life of the loan. However, your monthly payment would be $2,413 instead of $1,843 — an increase of $570 per month.
Calculate Your Ellendale 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 Ellendale
What are the current mortgage rates in Ellendale, DE?
As of March 2026, the average 30-year fixed mortgage rate in Ellendale, Delaware is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Ellendale?
Based on the median home price of $360,000 with 20% down, the estimated monthly mortgage payment in Ellendale is $1,843 for principal and interest. Including property taxes of $147/month, the total monthly housing cost is approximately $1,990.
What income do I need to buy a home in Ellendale?
Using the 28% rule, you would need an annual income of approximately $85,286 to afford the median-priced home in Ellendale at $360,000. The median household income in Ellendale is $70,000. This means most households would need to either earn above the median or consider homes below $360,000.
Is Ellendale a good place to buy a home in 2026?
Ellendale has a moderate cost of living with a cost of living index of 106.9 (national average = 100). The property tax rate in Delaware is 0.49%, which is below the national average. Ellendale has a population of 31,685 and offers a balanced lifestyle.
Mortgage Rates in Other Delaware Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ellendale, Delaware area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.