Mortgage Rates in Bayonne, New Jersey — March 2026
Updated March 2026 | Based on Bayonne market data and regional lending conditions
Bayonne is a growing city in New Jersey with a population of 71,852. The current 30-year fixed mortgage rate in Bayonne is 6.66%, which is 0.01% above the national average. With a median home price of $411,000 and a 20% down payment of $82,200, homebuyers can expect a monthly principal and interest payment of approximately $2,113.
Current Mortgage Rates in Bayonne, NJ
Below are the current average mortgage rates available in the Bayonne 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Bayonne Housing Market Overview
The Bayonne housing market reflects moderate demand with prices near the national average. The median household income in Bayonne is $77,900, and the cost of living index is 128.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $123,300 to comfortably afford the median-priced home in Bayonne, which exceeds the current median household income.
Monthly Payment Breakdown for Bayonne
Based on the median home price of $411,000 with 20% down ($82,200), here is what you can expect to pay monthly in Bayonne:
15-Year vs. 30-Year Mortgage in Bayonne
Choosing a 15-year mortgage in Bayonne at 5.92% instead of a 30-year at 6.66% would save you $263,880 in total interest over the life of the loan. However, your monthly payment would be $2,760 instead of $2,113 — an increase of $647 per month.
Calculate Your Bayonne 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 Bayonne
What are the current mortgage rates in Bayonne, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Bayonne, New Jersey is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Bayonne?
Based on the median home price of $411,000 with 20% down, the estimated monthly mortgage payment in Bayonne is $2,113 for principal and interest. Including property taxes of $764/month, the total monthly housing cost is approximately $2,877.
What income do I need to buy a home in Bayonne?
Using the 28% rule, you would need an annual income of approximately $123,300 to afford the median-priced home in Bayonne at $411,000. The median household income in Bayonne is $77,900. This means most households would need to either earn above the median or consider homes below $411,000.
Is Bayonne a good place to buy a home in 2026?
Bayonne has a higher cost of living than average with a cost of living index of 128.4 (national average = 100). The property tax rate in New Jersey is 2.23%, which is above the national average. Bayonne has a population of 71,852 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bayonne, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.