What is the average mortgage rate in New Jersey in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates New Jersey 2026
New Jersey has one of the highest average home values in the US at $569,411 as of March 2026. The state imposes a graduated realty transfer fee on sellers, with effective rates typically around 1% on most residential sales.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in New Jersey. Not financial advice.
New Jersey at a glance
- Average home price: $569,411
- State income tax: Yes (10.75% top rate on income over $1,000,000; 6.37% for most earners)
- Land transfer tax: Yes (graduated realty transfer fee, ~1% on most residential sales)
- Typical monthly payment: $3,173/mo on $569,411 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does New Jersey have a real estate transfer tax?
Yes — New Jersey imposes a graduated realty transfer fee, with an effective rate of approximately 1% on most residential sales; higher-value homes face additional surtaxes.
What is the average home price in New Jersey in 2026?
$569,411 as of March 2026 — among the highest in the US.
How much do I need to earn to afford a home in New Jersey?
To afford $569,411 with 20% down at 7.46%, you need approximately $130,000–$140,000 annual income.
New Jersey mortgage calculator · Educational reference only. Not financial or lending advice.