Mortgage Rates in Fredonia, New York — March 2026
Updated March 2026 | Based on Fredonia market data and regional lending conditions
Fredonia is a growing city in New York with a population of 10,766. The current 30-year fixed mortgage rate in Fredonia is 6.63%, which is 0.02% below the national average. With a median home price of $392,000 and a 20% down payment of $78,400, homebuyers can expect a monthly principal and interest payment of approximately $2,009.
Current Mortgage Rates in Fredonia, NY
Below are the current average mortgage rates available in the Fredonia 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Fredonia Housing Market Overview
The Fredonia housing market reflects moderate demand with prices near the national average. The median household income in Fredonia is $76,100, and the cost of living index is 127.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $109,757 to comfortably afford the median-priced home in Fredonia, which exceeds the current median household income.
Monthly Payment Breakdown for Fredonia
Based on the median home price of $392,000 with 20% down ($78,400), here is what you can expect to pay monthly in Fredonia:
15-Year vs. 30-Year Mortgage in Fredonia
Choosing a 15-year mortgage in Fredonia at 5.89% instead of a 30-year at 6.63% would save you $250,200 in total interest over the life of the loan. However, your monthly payment would be $2,628 instead of $2,009 — an increase of $619 per month.
Calculate Your Fredonia 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 Fredonia
What are the current mortgage rates in Fredonia, NY?
As of March 2026, the average 30-year fixed mortgage rate in Fredonia, New York is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Fredonia?
Based on the median home price of $392,000 with 20% down, the estimated monthly mortgage payment in Fredonia is $2,009 for principal and interest. Including property taxes of $552/month, the total monthly housing cost is approximately $2,561.
What income do I need to buy a home in Fredonia?
Using the 28% rule, you would need an annual income of approximately $109,757 to afford the median-priced home in Fredonia at $392,000. The median household income in Fredonia is $76,100. This means most households would need to either earn above the median or consider homes below $392,000.
Is Fredonia a good place to buy a home in 2026?
Fredonia has a higher cost of living than average with a cost of living index of 127.4 (national average = 100). The property tax rate in New York is 1.69%, which is above the national average. Fredonia has a population of 10,766 and offers a balanced lifestyle.
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Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fredonia, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.