Mortgage Rates in Long Beach, New York — March 2026
Updated March 2026 | Based on Long Beach market data and regional lending conditions
Long Beach is a growing city in New York with a population of 34,073. The current 30-year fixed mortgage rate in Long Beach is 6.73%, which is 0.08% above the national average. With a median home price of $448,000 and a 20% down payment of $89,600, homebuyers can expect a monthly principal and interest payment of approximately $2,320.
Current Mortgage Rates in Long Beach, NY
Below are the current average mortgage rates available in the Long Beach 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Long Beach Housing Market Overview
The Long Beach housing market reflects moderate demand with prices near the national average. The median household income in Long Beach is $63,600, and the cost of living index is 127.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $125,014 to comfortably afford the median-priced home in Long Beach, which exceeds the current median household income.
Monthly Payment Breakdown for Long Beach
Based on the median home price of $448,000 with 20% down ($89,600), here is what you can expect to pay monthly in Long Beach:
15-Year vs. 30-Year Mortgage in Long Beach
Choosing a 15-year mortgage in Long Beach at 5.97% instead of a 30-year at 6.73% would save you $291,780 in total interest over the life of the loan. However, your monthly payment would be $3,019 instead of $2,320 — an increase of $699 per month.
Calculate Your Long Beach 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 Long Beach
What are the current mortgage rates in Long Beach, NY?
As of March 2026, the average 30-year fixed mortgage rate in Long Beach, New York is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Long Beach?
Based on the median home price of $448,000 with 20% down, the estimated monthly mortgage payment in Long Beach is $2,320 for principal and interest. Including property taxes of $597/month, the total monthly housing cost is approximately $2,917.
What income do I need to buy a home in Long Beach?
Using the 28% rule, you would need an annual income of approximately $125,014 to afford the median-priced home in Long Beach at $448,000. The median household income in Long Beach is $63,600. This means most households would need to either earn above the median or consider homes below $448,000.
Is Long Beach a good place to buy a home in 2026?
Long Beach has a higher cost of living than average with a cost of living index of 127.3 (national average = 100). The property tax rate in New York is 1.6%, which is above the national average. Long Beach has a population of 34,073 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 Long Beach, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.