Mortgage Rates in Edison, New Jersey — March 2026
Updated March 2026 | Based on Edison market data and regional lending conditions
Edison is a growing city in New Jersey with a population of 107,588. The current 30-year fixed mortgage rate in Edison is 6.7%, which is 0.05% above the national average. With a median home price of $485,000 and a 20% down payment of $97,000, homebuyers can expect a monthly principal and interest payment of approximately $2,504.
Current Mortgage Rates in Edison, NJ
Below are the current average mortgage rates available in the Edison 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Edison Housing Market Overview
The Edison housing market reflects moderate demand with prices near the national average. The median household income in Edison is $92,250, and the cost of living index is 118.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $145,586 to comfortably afford the median-priced home in Edison, which exceeds the current median household income.
Monthly Payment Breakdown for Edison
Based on the median home price of $485,000 with 20% down ($97,000), here is what you can expect to pay monthly in Edison:
15-Year vs. 30-Year Mortgage in Edison
Choosing a 15-year mortgage in Edison at 5.94% instead of a 30-year at 6.7% would save you $314,280 in total interest over the life of the loan. However, your monthly payment would be $3,262 instead of $2,504 — an increase of $758 per month.
Calculate Your Edison 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 Edison
What are the current mortgage rates in Edison, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Edison, New Jersey is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Edison?
Based on the median home price of $485,000 with 20% down, the estimated monthly mortgage payment in Edison is $2,504 for principal and interest. Including property taxes of $893/month, the total monthly housing cost is approximately $3,397.
What income do I need to buy a home in Edison?
Using the 28% rule, you would need an annual income of approximately $145,586 to afford the median-priced home in Edison at $485,000. The median household income in Edison is $92,250. This means most households would need to either earn above the median or consider homes below $485,000.
Is Edison a good place to buy a home in 2026?
Edison has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in New Jersey is 2.21%, which is above the national average. Edison has a population of 107,588 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 Edison, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.