Mortgage Rates in Wenham, Massachusetts — March 2026
Updated March 2026 | Based on Wenham market data and regional lending conditions
Wenham is a smaller Massachusetts community of 40,519 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.76% (0.11% above the national average). The median home price of $670,000 translates to roughly $4,211/month with 20% down — requiring an income of about $180,471, which exceeds the local median of $68,000.
Current Mortgage Rates in Wenham, MA
Below are the current average mortgage rates available in the Wenham 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Wenham Housing Market Overview
Wenham's housing market is competitive — median prices of $670,000 put it well above the national median of ~$400,000. Buyers here face higher barriers to entry, but the local economy (median household income: $68,000) may not fully support current asking prices.
Monthly Payment Breakdown for Wenham
Based on the median home price of $670,000 with 20% down ($134,000), here is what you can expect to pay monthly in Wenham:
15-Year vs. 30-Year Mortgage in Wenham
Choosing a 15-year mortgage in Wenham at 6% instead of a 30-year at 6.76% would save you $438,660 in total interest over the life of the loan. However, your monthly payment would be $4,523 instead of $3,480 — an increase of $1,043 per month.
Calculate Your Wenham 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 Wenham
What are the current mortgage rates in Wenham, MA?
As of March 2026, the average 30-year fixed mortgage rate in Wenham, Massachusetts is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Wenham?
Based on the median home price of $670,000 with 20% down, the estimated monthly mortgage payment in Wenham is $3,480 for principal and interest. Including property taxes of $731/month, the total monthly housing cost is approximately $4,211.
What income do I need to buy a home in Wenham?
Using the 28% rule, you would need an annual income of approximately $180,471 to afford the median-priced home in Wenham at $670,000. The median household income in Wenham is $68,000. This means most households would need to either earn above the median or consider homes below $670,000.
Is Wenham a good place to buy a home in 2026?
Wenham has a higher cost of living than average with a cost of living index of 141.8 (national average = 100). The property tax rate in Massachusetts is 1.31%, which is near the national average. Wenham has a population of 40,519 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Wenham, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.