Mortgage Rates in Ellsworth, Maine — March 2026
Updated March 2026 | Based on Ellsworth market data and regional lending conditions
Ellsworth is a growing city in Maine with a population of 8,399. The current 30-year fixed mortgage rate in Ellsworth is 6.78%, which is 0.13% above the national average. With a median home price of $249,000 and a 20% down payment of $49,800, homebuyers can expect a monthly principal and interest payment of approximately $1,296.
Current Mortgage Rates in Ellsworth, ME
Below are the current average mortgage rates available in the Ellsworth 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Ellsworth Housing Market Overview
The Ellsworth housing market offers relatively affordable housing compared to many major cities. The median household income in Ellsworth is $54,200, and the cost of living index is 106.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,886 to comfortably afford the median-priced home in Ellsworth, which exceeds the current median household income.
Monthly Payment Breakdown for Ellsworth
Based on the median home price of $249,000 with 20% down ($49,800), here is what you can expect to pay monthly in Ellsworth:
15-Year vs. 30-Year Mortgage in Ellsworth
Choosing a 15-year mortgage in Ellsworth at 6.01% instead of a 30-year at 6.78% would save you $163,800 in total interest over the life of the loan. However, your monthly payment would be $1,682 instead of $1,296 — an increase of $386 per month.
Calculate Your Ellsworth 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 Ellsworth
What are the current mortgage rates in Ellsworth, ME?
As of March 2026, the average 30-year fixed mortgage rate in Ellsworth, Maine is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Ellsworth?
Based on the median home price of $249,000 with 20% down, the estimated monthly mortgage payment in Ellsworth is $1,296 for principal and interest. Including property taxes of $288/month, the total monthly housing cost is approximately $1,584.
What income do I need to buy a home in Ellsworth?
Using the 28% rule, you would need an annual income of approximately $67,886 to afford the median-priced home in Ellsworth at $249,000. The median household income in Ellsworth is $54,200. This means most households would need to either earn above the median or consider homes below $249,000.
Is Ellsworth a good place to buy a home in 2026?
Ellsworth has a moderate cost of living with a cost of living index of 106.1 (national average = 100). The property tax rate in Maine is 1.39%, which is near the national average. Ellsworth has a population of 8,399 and offers a balanced lifestyle.
Mortgage Rates in Other Maine Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ellsworth, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.