Mortgage Rates in Trenton, New Jersey — March 2026
Updated March 2026 | Based on Trenton market data and regional lending conditions
Trenton is a growing city in New Jersey with a population of 90,871. The current 30-year fixed mortgage rate in Trenton is 6.7%, which is 0.05% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $903.
Current Mortgage Rates in Trenton, NJ
Below are the current average mortgage rates available in the Trenton 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Trenton Housing Market Overview
The Trenton housing market offers relatively affordable housing compared to many major cities. The median household income in Trenton is $38,250, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,500 to comfortably afford the median-priced home in Trenton, which exceeds the current median household income.
Monthly Payment Breakdown for Trenton
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Trenton:
15-Year vs. 30-Year Mortgage in Trenton
Choosing a 15-year mortgage in Trenton at 5.94% instead of a 30-year at 6.7% would save you $113,220 in total interest over the life of the loan. However, your monthly payment would be $1,177 instead of $903 — an increase of $274 per month.
Calculate Your Trenton 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 Trenton
What are the current mortgage rates in Trenton, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Trenton, New Jersey is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Trenton?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Trenton is $903 for principal and interest. Including property taxes of $322/month, the total monthly housing cost is approximately $1,225.
What income do I need to buy a home in Trenton?
Using the 28% rule, you would need an annual income of approximately $52,500 to afford the median-priced home in Trenton at $175,000. The median household income in Trenton is $38,250. This means most households would need to either earn above the median or consider homes below $175,000.
Is Trenton a good place to buy a home in 2026?
Trenton has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in New Jersey is 2.21%, which is above the national average. Trenton has a population of 90,871 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Trenton, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.