Mortgage Rates in Syosset, New York — March 2026
Updated March 2026 | Based on Syosset market data and regional lending conditions
Syosset is a smaller New York community of 27,764 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.64% (0.01% below the national average). The median home price of $420,000 translates to roughly $2,736/month with 20% down — requiring an income of about $117,257, which exceeds the local median of $62,500.
Current Mortgage Rates in Syosset, NY
Below are the current average mortgage rates available in the Syosset 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Syosset Housing Market Overview
Housing in Syosset sits near the national average at $420,000. With a median household income of $62,500 and a cost of living index of 118.5, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Syosset
Based on the median home price of $420,000 with 20% down ($84,000), here is what you can expect to pay monthly in Syosset:
15-Year vs. 30-Year Mortgage in Syosset
Choosing a 15-year mortgage in Syosset at 5.91% instead of a 30-year at 6.64% would save you $268,380 in total interest over the life of the loan. However, your monthly payment would be $2,819 instead of $2,155 — an increase of $664 per month.
Calculate Your Syosset 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 Syosset
What are the current mortgage rates in Syosset, NY?
As of March 2026, the average 30-year fixed mortgage rate in Syosset, New York is 6.64%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Syosset?
Based on the median home price of $420,000 with 20% down, the estimated monthly mortgage payment in Syosset is $2,155 for principal and interest. Including property taxes of $581/month, the total monthly housing cost is approximately $2,736.
What income do I need to buy a home in Syosset?
Using the 28% rule, you would need an annual income of approximately $117,257 to afford the median-priced home in Syosset at $420,000. The median household income in Syosset is $62,500. This means most households would need to either earn above the median or consider homes below $420,000.
Is Syosset a good place to buy a home in 2026?
Syosset has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in New York is 1.66%, which is above the national average. Syosset has a population of 27,764 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Syosset, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.