Mortgage Rates in Belleville, New Jersey — March 2026
Updated March 2026 | Based on Belleville market data and regional lending conditions
Belleville is a growing city in New Jersey with a population of 36,878. The current 30-year fixed mortgage rate in Belleville is 6.72%, which is 0.07% above the national average. With a median home price of $467,000 and a 20% down payment of $93,400, homebuyers can expect a monthly principal and interest payment of approximately $2,416.
Current Mortgage Rates in Belleville, NJ
Below are the current average mortgage rates available in the Belleville 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Belleville Housing Market Overview
The Belleville housing market reflects moderate demand with prices near the national average. The median household income in Belleville is $90,000, and the cost of living index is 114.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $139,071 to comfortably afford the median-priced home in Belleville, which exceeds the current median household income.
Monthly Payment Breakdown for Belleville
Based on the median home price of $467,000 with 20% down ($93,400), here is what you can expect to pay monthly in Belleville:
15-Year vs. 30-Year Mortgage in Belleville
Choosing a 15-year mortgage in Belleville at 5.97% instead of a 30-year at 6.72% would save you $303,300 in total interest over the life of the loan. However, your monthly payment would be $3,147 instead of $2,416 — an increase of $731 per month.
Calculate Your Belleville 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 Belleville
What are the current mortgage rates in Belleville, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Belleville, New Jersey is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Belleville?
Based on the median home price of $467,000 with 20% down, the estimated monthly mortgage payment in Belleville is $2,416 for principal and interest. Including property taxes of $829/month, the total monthly housing cost is approximately $3,245.
What income do I need to buy a home in Belleville?
Using the 28% rule, you would need an annual income of approximately $139,071 to afford the median-priced home in Belleville at $467,000. The median household income in Belleville is $90,000. This means most households would need to either earn above the median or consider homes below $467,000.
Is Belleville a good place to buy a home in 2026?
Belleville has a moderate cost of living with a cost of living index of 114.8 (national average = 100). The property tax rate in New Jersey is 2.13%, which is above the national average. Belleville has a population of 36,878 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Belleville, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.