Mortgage Rates in Asbury Park, New Jersey — March 2026
Updated March 2026 | Based on Asbury Park market data and regional lending conditions
Asbury Park is a growing city in New Jersey with a population of 15,511. The current 30-year fixed mortgage rate in Asbury Park is 6.79%, which is 0.14% above the national average. With a median home price of $430,000 and a 20% down payment of $86,000, homebuyers can expect a monthly principal and interest payment of approximately $2,240.
Current Mortgage Rates in Asbury Park, NJ
Below are the current average mortgage rates available in the Asbury Park 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Asbury Park Housing Market Overview
The Asbury Park housing market reflects moderate demand with prices near the national average. The median household income in Asbury Park is $89,400, and the cost of living index is 114.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $129,000 to comfortably afford the median-priced home in Asbury Park, which exceeds the current median household income.
Monthly Payment Breakdown for Asbury Park
Based on the median home price of $430,000 with 20% down ($86,000), here is what you can expect to pay monthly in Asbury Park:
15-Year vs. 30-Year Mortgage in Asbury Park
Choosing a 15-year mortgage in Asbury Park at 6.02% instead of a 30-year at 6.79% would save you $283,140 in total interest over the life of the loan. However, your monthly payment would be $2,907 instead of $2,240 — an increase of $667 per month.
Calculate Your Asbury Park 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 Asbury Park
What are the current mortgage rates in Asbury Park, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Asbury Park, New Jersey is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Asbury Park?
Based on the median home price of $430,000 with 20% down, the estimated monthly mortgage payment in Asbury Park is $2,240 for principal and interest. Including property taxes of $770/month, the total monthly housing cost is approximately $3,010.
What income do I need to buy a home in Asbury Park?
Using the 28% rule, you would need an annual income of approximately $129,000 to afford the median-priced home in Asbury Park at $430,000. The median household income in Asbury Park is $89,400. This means most households would need to either earn above the median or consider homes below $430,000.
Is Asbury Park a good place to buy a home in 2026?
Asbury Park has a moderate cost of living with a cost of living index of 114.2 (national average = 100). The property tax rate in New Jersey is 2.15%, which is above the national average. Asbury Park has a population of 15,511 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 Asbury Park, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.