Mortgage Rates in Irvington, New Jersey — March 2026
Updated March 2026 | Based on Irvington market data and regional lending conditions
Irvington is a growing city in New Jersey with a population of 60,190. The current 30-year fixed mortgage rate in Irvington is 6.84%, which is 0.19% above the national average. With a median home price of $431,000 and a 20% down payment of $86,200, homebuyers can expect a monthly principal and interest payment of approximately $2,257.
Current Mortgage Rates in Irvington, NJ
Below are the current average mortgage rates available in the Irvington 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 | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Irvington Housing Market Overview
The Irvington housing market reflects moderate demand with prices near the national average. The median household income in Irvington is $85,800, and the cost of living index is 130.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $129,343 to comfortably afford the median-priced home in Irvington, which exceeds the current median household income.
Monthly Payment Breakdown for Irvington
Based on the median home price of $431,000 with 20% down ($86,200), here is what you can expect to pay monthly in Irvington:
15-Year vs. 30-Year Mortgage in Irvington
Choosing a 15-year mortgage in Irvington at 6.06% instead of a 30-year at 6.84% would save you $286,740 in total interest over the life of the loan. However, your monthly payment would be $2,921 instead of $2,257 — an increase of $664 per month.
Calculate Your Irvington 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 Irvington
What are the current mortgage rates in Irvington, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Irvington, New Jersey is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Irvington?
Based on the median home price of $431,000 with 20% down, the estimated monthly mortgage payment in Irvington is $2,257 for principal and interest. Including property taxes of $761/month, the total monthly housing cost is approximately $3,018.
What income do I need to buy a home in Irvington?
Using the 28% rule, you would need an annual income of approximately $129,343 to afford the median-priced home in Irvington at $431,000. The median household income in Irvington is $85,800. This means most households would need to either earn above the median or consider homes below $431,000.
Is Irvington a good place to buy a home in 2026?
Irvington has a higher cost of living than average with a cost of living index of 130.1 (national average = 100). The property tax rate in New Jersey is 2.12%, which is above the national average. Irvington has a population of 60,190 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 Irvington, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.