Mortgage Rates in Newark, California — March 2026
Updated March 2026 | Based on Newark market data and regional lending conditions
Newark is a growing city in California with a population of 48,148. The current 30-year fixed mortgage rate in Newark is 6.81%, which is 0.16% above the national average. With a median home price of $671,000 and a 20% down payment of $134,200, homebuyers can expect a monthly principal and interest payment of approximately $3,503.
Current Mortgage Rates in Newark, CA
Below are the current average mortgage rates available in the Newark 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Newark Housing Market Overview
The Newark housing market is competitive with prices well above the national median. The median household income in Newark is $76,600, and the cost of living index is 141.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $168,600 to comfortably afford the median-priced home in Newark, which exceeds the current median household income.
Monthly Payment Breakdown for Newark
Based on the median home price of $671,000 with 20% down ($134,200), here is what you can expect to pay monthly in Newark:
15-Year vs. 30-Year Mortgage in Newark
Choosing a 15-year mortgage in Newark at 6.04% instead of a 30-year at 6.81% would save you $443,700 in total interest over the life of the loan. However, your monthly payment would be $4,541 instead of $3,503 — an increase of $1,038 per month.
Calculate Your Newark 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 Newark
What are the current mortgage rates in Newark, CA?
As of March 2026, the average 30-year fixed mortgage rate in Newark, California is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Newark?
Based on the median home price of $671,000 with 20% down, the estimated monthly mortgage payment in Newark is $3,503 for principal and interest. Including property taxes of $431/month, the total monthly housing cost is approximately $3,934.
What income do I need to buy a home in Newark?
Using the 28% rule, you would need an annual income of approximately $168,600 to afford the median-priced home in Newark at $671,000. The median household income in Newark is $76,600. This means most households would need to either earn above the median or consider homes below $671,000.
Is Newark a good place to buy a home in 2026?
Newark has a higher cost of living than average with a cost of living index of 141.1 (national average = 100). The property tax rate in California is 0.77%, which is below the national average. Newark has a population of 48,148 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Newark, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.