Mortgage Rates in Brick Township, New Jersey — March 2026
Updated March 2026 | Based on Brick Township market data and regional lending conditions
Brick Township is a growing city in New Jersey with a population of 77,046. The current 30-year fixed mortgage rate in Brick Township is 6.84%, which is 0.19% above the national average. With a median home price of $421,000 and a 20% down payment of $84,200, homebuyers can expect a monthly principal and interest payment of approximately $2,205.
Current Mortgage Rates in Brick Township, NJ
Below are the current average mortgage rates available in the Brick Township 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Brick Township Housing Market Overview
The Brick Township housing market reflects moderate demand with prices near the national average. The median household income in Brick Township is $93,700, and the cost of living index is 119 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $128,314 to comfortably afford the median-priced home in Brick Township, which exceeds the current median household income.
Monthly Payment Breakdown for Brick Township
Based on the median home price of $421,000 with 20% down ($84,200), here is what you can expect to pay monthly in Brick Township:
15-Year vs. 30-Year Mortgage in Brick Township
Choosing a 15-year mortgage in Brick Township at 6.06% instead of a 30-year at 6.84% would save you $280,260 in total interest over the life of the loan. However, your monthly payment would be $2,853 instead of $2,205 — an increase of $648 per month.
Calculate Your Brick Township 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 Brick Township
What are the current mortgage rates in Brick Township, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Brick Township, New Jersey is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Brick Township?
Based on the median home price of $421,000 with 20% down, the estimated monthly mortgage payment in Brick Township is $2,205 for principal and interest. Including property taxes of $789/month, the total monthly housing cost is approximately $2,994.
What income do I need to buy a home in Brick Township?
Using the 28% rule, you would need an annual income of approximately $128,314 to afford the median-priced home in Brick Township at $421,000. The median household income in Brick Township is $93,700. This means most households would need to either earn above the median or consider homes below $421,000.
Is Brick Township a good place to buy a home in 2026?
Brick Township has a moderate cost of living with a cost of living index of 119 (national average = 100). The property tax rate in New Jersey is 2.25%, which is above the national average. Brick Township has a population of 77,046 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Brick Township, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.