Mortgage Rates in Syracuse, Utah — March 2026
Updated March 2026 | Based on Syracuse market data and regional lending conditions
Syracuse is a growing city in Utah with a population of 30,871. The current 30-year fixed mortgage rate in Syracuse is 6.64%, which is 0.01% below the national average. With a median home price of $422,000 and a 20% down payment of $84,400, homebuyers can expect a monthly principal and interest payment of approximately $2,165.
Current Mortgage Rates in Syracuse, UT
Below are the current average mortgage rates available in the Syracuse 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 | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Syracuse Housing Market Overview
The Syracuse housing market reflects moderate demand with prices near the national average. The median household income in Syracuse is $67,200, and the cost of living index is 98.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $101,657 to comfortably afford the median-priced home in Syracuse, which exceeds the current median household income.
Monthly Payment Breakdown for Syracuse
Based on the median home price of $422,000 with 20% down ($84,400), here is what you can expect to pay monthly in Syracuse:
15-Year vs. 30-Year Mortgage in Syracuse
Choosing a 15-year mortgage in Syracuse at 5.9% instead of a 30-year at 6.64% would save you $269,820 in total interest over the life of the loan. However, your monthly payment would be $2,831 instead of $2,165 — an increase of $666 per month.
Calculate Your Syracuse 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 Syracuse
What are the current mortgage rates in Syracuse, UT?
As of March 2026, the average 30-year fixed mortgage rate in Syracuse, Utah is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Syracuse?
Based on the median home price of $422,000 with 20% down, the estimated monthly mortgage payment in Syracuse is $2,165 for principal and interest. Including property taxes of $207/month, the total monthly housing cost is approximately $2,372.
What income do I need to buy a home in Syracuse?
Using the 28% rule, you would need an annual income of approximately $101,657 to afford the median-priced home in Syracuse at $422,000. The median household income in Syracuse is $67,200. This means most households would need to either earn above the median or consider homes below $422,000.
Is Syracuse a good place to buy a home in 2026?
Syracuse offers a below-average cost of living with a cost of living index of 98.4 (national average = 100). The property tax rate in Utah is 0.59%, which is below the national average. Syracuse has a population of 30,871 and offers a balanced lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Syracuse, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.