Mortgage Rates in Piscataway, New Jersey — March 2026
Updated March 2026 | Based on Piscataway market data and regional lending conditions
Piscataway is a growing city in New Jersey with a population of 58,501. The current 30-year fixed mortgage rate in Piscataway is 6.75%, which is 0.1% above the national average. With a median home price of $470,000 and a 20% down payment of $94,000, homebuyers can expect a monthly principal and interest payment of approximately $2,439.
Current Mortgage Rates in Piscataway, NJ
Below are the current average mortgage rates available in the Piscataway 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Piscataway Housing Market Overview
The Piscataway housing market reflects moderate demand with prices near the national average. The median household income in Piscataway is $87,000, and the cost of living index is 126.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $140,957 to comfortably afford the median-priced home in Piscataway, which exceeds the current median household income.
Monthly Payment Breakdown for Piscataway
Based on the median home price of $470,000 with 20% down ($94,000), here is what you can expect to pay monthly in Piscataway:
15-Year vs. 30-Year Mortgage in Piscataway
Choosing a 15-year mortgage in Piscataway at 5.99% instead of a 30-year at 6.75% would save you $307,260 in total interest over the life of the loan. However, your monthly payment would be $3,171 instead of $2,439 — an increase of $732 per month.
Calculate Your Piscataway 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 Piscataway
What are the current mortgage rates in Piscataway, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Piscataway, New Jersey is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Piscataway?
Based on the median home price of $470,000 with 20% down, the estimated monthly mortgage payment in Piscataway is $2,439 for principal and interest. Including property taxes of $850/month, the total monthly housing cost is approximately $3,289.
What income do I need to buy a home in Piscataway?
Using the 28% rule, you would need an annual income of approximately $140,957 to afford the median-priced home in Piscataway at $470,000. The median household income in Piscataway is $87,000. This means most households would need to either earn above the median or consider homes below $470,000.
Is Piscataway a good place to buy a home in 2026?
Piscataway has a higher cost of living than average with a cost of living index of 126.3 (national average = 100). The property tax rate in New Jersey is 2.17%, which is above the national average. Piscataway has a population of 58,501 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Piscataway, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.