Mortgage Rates in Hackensack, New Jersey — March 2026
Updated March 2026 | Based on Hackensack market data and regional lending conditions
Hackensack is a growing city in New Jersey with a population of 45,165. The current 30-year fixed mortgage rate in Hackensack is 6.84%, which is 0.19% above the national average. With a median home price of $395,000 and a 20% down payment of $79,000, homebuyers can expect a monthly principal and interest payment of approximately $2,069.
Current Mortgage Rates in Hackensack, NJ
Below are the current average mortgage rates available in the Hackensack 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% |
Hackensack Housing Market Overview
The Hackensack housing market reflects moderate demand with prices near the national average. The median household income in Hackensack is $81,400, and the cost of living index is 118.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $119,014 to comfortably afford the median-priced home in Hackensack, which exceeds the current median household income.
Monthly Payment Breakdown for Hackensack
Based on the median home price of $395,000 with 20% down ($79,000), here is what you can expect to pay monthly in Hackensack:
15-Year vs. 30-Year Mortgage in Hackensack
Choosing a 15-year mortgage in Hackensack at 6.06% instead of a 30-year at 6.84% would save you $262,980 in total interest over the life of the loan. However, your monthly payment would be $2,677 instead of $2,069 — an increase of $608 per month.
Calculate Your Hackensack 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 Hackensack
What are the current mortgage rates in Hackensack, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Hackensack, 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 Hackensack?
Based on the median home price of $395,000 with 20% down, the estimated monthly mortgage payment in Hackensack is $2,069 for principal and interest. Including property taxes of $708/month, the total monthly housing cost is approximately $2,777.
What income do I need to buy a home in Hackensack?
Using the 28% rule, you would need an annual income of approximately $119,014 to afford the median-priced home in Hackensack at $395,000. The median household income in Hackensack is $81,400. This means most households would need to either earn above the median or consider homes below $395,000.
Is Hackensack a good place to buy a home in 2026?
Hackensack has a moderate cost of living with a cost of living index of 118.4 (national average = 100). The property tax rate in New Jersey is 2.15%, which is above the national average. Hackensack has a population of 45,165 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 Hackensack, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.