Mortgage Rates in Gloucester City, New Jersey — March 2026
Updated March 2026 | Based on Gloucester City market data and regional lending conditions
Gloucester City is a growing city in New Jersey with a population of 11,456. The current 30-year fixed mortgage rate in Gloucester City is 6.82%, which is 0.17% above the national average. With a median home price of $368,000 and a 20% down payment of $73,600, homebuyers can expect a monthly principal and interest payment of approximately $1,923.
Current Mortgage Rates in Gloucester City, NJ
Below are the current average mortgage rates available in the Gloucester City 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 | 6.82% | 6.65% | +0.17% |
| 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 | 7.07% | 6.85% | +0.22% |
Gloucester City Housing Market Overview
The Gloucester City housing market reflects moderate demand with prices near the national average. The median household income in Gloucester City is $84,100, and the cost of living index is 117.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $111,986 to comfortably afford the median-priced home in Gloucester City, which exceeds the current median household income.
Monthly Payment Breakdown for Gloucester City
Based on the median home price of $368,000 with 20% down ($73,600), here is what you can expect to pay monthly in Gloucester City:
15-Year vs. 30-Year Mortgage in Gloucester City
Choosing a 15-year mortgage in Gloucester City at 6.04% instead of a 30-year at 6.82% would save you $243,900 in total interest over the life of the loan. However, your monthly payment would be $2,491 instead of $1,923 — an increase of $568 per month.
Calculate Your Gloucester City Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Gloucester City
What are the current mortgage rates in Gloucester City, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Gloucester City, New Jersey is 6.82%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Gloucester City?
Based on the median home price of $368,000 with 20% down, the estimated monthly mortgage payment in Gloucester City is $1,923 for principal and interest. Including property taxes of $690/month, the total monthly housing cost is approximately $2,613.
What income do I need to buy a home in Gloucester City?
Using the 28% rule, you would need an annual income of approximately $111,986 to afford the median-priced home in Gloucester City at $368,000. The median household income in Gloucester City is $84,100. This means most households would need to either earn above the median or consider homes below $368,000.
Is Gloucester City a good place to buy a home in 2026?
Gloucester City has a moderate cost of living with a cost of living index of 117.8 (national average = 100). The property tax rate in New Jersey is 2.25%, which is above the national average. Gloucester City has a population of 11,456 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gloucester City, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.