Mortgage Rates in Gloucester Township, New Jersey — March 2026
Updated March 2026 | Based on Gloucester Township market data and regional lending conditions
Gloucester Township is a growing city in New Jersey with a population of 64,581. The current 30-year fixed mortgage rate in Gloucester Township is 6.6%, which is 0.05% below the national average. With a median home price of $500,000 and a 20% down payment of $100,000, homebuyers can expect a monthly principal and interest payment of approximately $2,555.
Current Mortgage Rates in Gloucester Township, NJ
Below are the current average mortgage rates available in the Gloucester 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Gloucester Township Housing Market Overview
The Gloucester Township housing market reflects moderate demand with prices near the national average. The median household income in Gloucester Township is $93,900, and the cost of living index is 116.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $149,143 to comfortably afford the median-priced home in Gloucester Township, which exceeds the current median household income.
Monthly Payment Breakdown for Gloucester Township
Based on the median home price of $500,000 with 20% down ($100,000), here is what you can expect to pay monthly in Gloucester Township:
15-Year vs. 30-Year Mortgage in Gloucester Township
Choosing a 15-year mortgage in Gloucester Township at 5.87% instead of a 30-year at 6.6% would save you $317,340 in total interest over the life of the loan. However, your monthly payment would be $3,347 instead of $2,555 — an increase of $792 per month.
Calculate Your Gloucester 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 Gloucester Township
What are the current mortgage rates in Gloucester Township, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Gloucester Township, New Jersey is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Gloucester Township?
Based on the median home price of $500,000 with 20% down, the estimated monthly mortgage payment in Gloucester Township is $2,555 for principal and interest. Including property taxes of $925/month, the total monthly housing cost is approximately $3,480.
What income do I need to buy a home in Gloucester Township?
Using the 28% rule, you would need an annual income of approximately $149,143 to afford the median-priced home in Gloucester Township at $500,000. The median household income in Gloucester Township is $93,900. This means most households would need to either earn above the median or consider homes below $500,000.
Is Gloucester Township a good place to buy a home in 2026?
Gloucester Township has a moderate cost of living with a cost of living index of 116.7 (national average = 100). The property tax rate in New Jersey is 2.22%, which is above the national average. Gloucester Township has a population of 64,581 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gloucester 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.