Mortgage Rates in Warren, Rhode Island — March 2026
Updated March 2026 | Based on Warren market data and regional lending conditions
Warren is a growing city in Rhode Island with a population of 10,611. The current 30-year fixed mortgage rate in Warren is 6.83%, which is 0.18% above the national average. With a median home price of $378,000 and a 20% down payment of $75,600, homebuyers can expect a monthly principal and interest payment of approximately $1,977.
Current Mortgage Rates in Warren, RI
Below are the current average mortgage rates available in the Warren 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Warren Housing Market Overview
The Warren housing market reflects moderate demand with prices near the national average. The median household income in Warren is $61,500, and the cost of living index is 106.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $106,714 to comfortably afford the median-priced home in Warren, which exceeds the current median household income.
Monthly Payment Breakdown for Warren
Based on the median home price of $378,000 with 20% down ($75,600), here is what you can expect to pay monthly in Warren:
15-Year vs. 30-Year Mortgage in Warren
Choosing a 15-year mortgage in Warren at 6.06% instead of a 30-year at 6.83% would save you $250,560 in total interest over the life of the loan. However, your monthly payment would be $2,562 instead of $1,977 — an increase of $585 per month.
Calculate Your Warren 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 Warren
What are the current mortgage rates in Warren, RI?
As of March 2026, the average 30-year fixed mortgage rate in Warren, Rhode Island is 6.83%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Warren?
Based on the median home price of $378,000 with 20% down, the estimated monthly mortgage payment in Warren is $1,977 for principal and interest. Including property taxes of $513/month, the total monthly housing cost is approximately $2,490.
What income do I need to buy a home in Warren?
Using the 28% rule, you would need an annual income of approximately $106,714 to afford the median-priced home in Warren at $378,000. The median household income in Warren is $61,500. This means most households would need to either earn above the median or consider homes below $378,000.
Is Warren a good place to buy a home in 2026?
Warren has a moderate cost of living with a cost of living index of 106.4 (national average = 100). The property tax rate in Rhode Island is 1.63%, which is above the national average. Warren has a population of 10,611 and offers a balanced lifestyle.
Mortgage Rates in Other Rhode Island Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Warren, Rhode Island area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.