Mortgage Rates in New Jersey
Updated April 2026
Key Mortgage Metrics
Median Home Price
$440,000
30-Year Fixed Rate
6.6%
Property Tax Rate
2.49%
Est. Annual Property Tax
$10,956
Housing Market in New Jersey
The median home price in New Jersey is currently $440,000, with an average 30-year fixed mortgage rate of 6.6%. Property taxes in New Jersey average 2.49% of home value, translating to approximately $10,956 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
New Jersey offers several programs to help first-time homebuyers:
- New Jersey Housing and Mortgage Finance Agency
- First-time homebuyer programs
Contact your state housing finance agency for eligibility requirements and application details.
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