Mortgage Rates in Port Chester, New York — March 2026
Updated March 2026 | Based on Port Chester market data and regional lending conditions
Port Chester is a growing city in New York with a population of 29,600. The current 30-year fixed mortgage rate in Port Chester is 6.79%, which is 0.14% above the national average. With a median home price of $444,000 and a 20% down payment of $88,800, homebuyers can expect a monthly principal and interest payment of approximately $2,313.
Current Mortgage Rates in Port Chester, NY
Below are the current average mortgage rates available in the Port Chester 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Port Chester Housing Market Overview
The Port Chester housing market reflects moderate demand with prices near the national average. The median household income in Port Chester is $66,800, and the cost of living index is 126.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $124,200 to comfortably afford the median-priced home in Port Chester, which exceeds the current median household income.
Monthly Payment Breakdown for Port Chester
Based on the median home price of $444,000 with 20% down ($88,800), here is what you can expect to pay monthly in Port Chester:
15-Year vs. 30-Year Mortgage in Port Chester
Choosing a 15-year mortgage in Port Chester at 6.02% instead of a 30-year at 6.79% would save you $292,500 in total interest over the life of the loan. However, your monthly payment would be $3,001 instead of $2,313 — an increase of $688 per month.
Calculate Your Port Chester 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 Port Chester
What are the current mortgage rates in Port Chester, NY?
As of March 2026, the average 30-year fixed mortgage rate in Port Chester, New York is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Port Chester?
Based on the median home price of $444,000 with 20% down, the estimated monthly mortgage payment in Port Chester is $2,313 for principal and interest. Including property taxes of $585/month, the total monthly housing cost is approximately $2,898.
What income do I need to buy a home in Port Chester?
Using the 28% rule, you would need an annual income of approximately $124,200 to afford the median-priced home in Port Chester at $444,000. The median household income in Port Chester is $66,800. This means most households would need to either earn above the median or consider homes below $444,000.
Is Port Chester a good place to buy a home in 2026?
Port Chester has a higher cost of living than average with a cost of living index of 126.2 (national average = 100). The property tax rate in New York is 1.58%, which is above the national average. Port Chester has a population of 29,600 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Port Chester, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.