Mortgage Rates in North Scituate, Rhode Island — March 2026
Updated March 2026 | Based on North Scituate market data and regional lending conditions
North Scituate is a smaller Rhode Island community of 49,493 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 $475,000 translates to roughly $3,010/month with 20% down — requiring an income of about $129,000, which exceeds the local median of $82,000.
Current Mortgage Rates in North Scituate, RI
Below are the current average mortgage rates available in the North Scituate 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 | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
North Scituate Housing Market Overview
Housing in North Scituate sits near the national average at $475,000. With a median household income of $82,000 and a cost of living index of 119.8, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for North Scituate
Based on the median home price of $475,000 with 20% down ($95,000), here is what you can expect to pay monthly in North Scituate:
15-Year vs. 30-Year Mortgage in North Scituate
Choosing a 15-year mortgage in North Scituate at 5.88% instead of a 30-year at 6.62% would save you $302,760 in total interest over the life of the loan. However, your monthly payment would be $3,182 instead of $2,432 — an increase of $750 per month.
Calculate Your North Scituate 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 North Scituate
What are the current mortgage rates in North Scituate, RI?
As of March 2026, the average 30-year fixed mortgage rate in North Scituate, Rhode Island is 6.62%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in North Scituate?
Based on the median home price of $475,000 with 20% down, the estimated monthly mortgage payment in North Scituate is $2,432 for principal and interest. Including property taxes of $578/month, the total monthly housing cost is approximately $3,010.
What income do I need to buy a home in North Scituate?
Using the 28% rule, you would need an annual income of approximately $129,000 to afford the median-priced home in North Scituate at $475,000. The median household income in North Scituate is $82,000. This means most households would need to either earn above the median or consider homes below $475,000.
Is North Scituate a good place to buy a home in 2026?
North Scituate has a moderate cost of living with a cost of living index of 119.8 (national average = 100). The property tax rate in Rhode Island is 1.46%, which is near the national average. North Scituate has a population of 49,493 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the North Scituate, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.