Mortgage Rates in Lodi, New Jersey — March 2026
Updated March 2026 | Based on Lodi market data and regional lending conditions
Lodi is a growing city in New Jersey with a population of 24,842. The current 30-year fixed mortgage rate in Lodi is 6.69%, which is 0.04% above the national average. With a median home price of $400,000 and a 20% down payment of $80,000, homebuyers can expect a monthly principal and interest payment of approximately $2,063.
Current Mortgage Rates in Lodi, NJ
Below are the current average mortgage rates available in the Lodi 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Lodi Housing Market Overview
The Lodi housing market reflects moderate demand with prices near the national average. The median household income in Lodi is $73,500, and the cost of living index is 116.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $120,557 to comfortably afford the median-priced home in Lodi, which exceeds the current median household income.
Monthly Payment Breakdown for Lodi
Based on the median home price of $400,000 with 20% down ($80,000), here is what you can expect to pay monthly in Lodi:
15-Year vs. 30-Year Mortgage in Lodi
Choosing a 15-year mortgage in Lodi at 5.95% instead of a 30-year at 6.69% would save you $258,120 in total interest over the life of the loan. However, your monthly payment would be $2,692 instead of $2,063 — an increase of $629 per month.
Calculate Your Lodi 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 Lodi
What are the current mortgage rates in Lodi, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Lodi, New Jersey is 6.69%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Lodi?
Based on the median home price of $400,000 with 20% down, the estimated monthly mortgage payment in Lodi is $2,063 for principal and interest. Including property taxes of $750/month, the total monthly housing cost is approximately $2,813.
What income do I need to buy a home in Lodi?
Using the 28% rule, you would need an annual income of approximately $120,557 to afford the median-priced home in Lodi at $400,000. The median household income in Lodi is $73,500. This means most households would need to either earn above the median or consider homes below $400,000.
Is Lodi a good place to buy a home in 2026?
Lodi has a moderate cost of living with a cost of living index of 116.9 (national average = 100). The property tax rate in New Jersey is 2.25%, which is above the national average. Lodi has a population of 24,842 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lodi, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.