Mortgage Rates in Nutley, New Jersey — March 2026
Updated March 2026 | Based on Nutley market data and regional lending conditions
Nutley is a growing city in New Jersey with a population of 28,904. The current 30-year fixed mortgage rate in Nutley is 6.81%, which is 0.16% above the national average. With a median home price of $447,000 and a 20% down payment of $89,400, homebuyers can expect a monthly principal and interest payment of approximately $2,334.
Current Mortgage Rates in Nutley, NJ
Below are the current average mortgage rates available in the Nutley 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 | 6.81% | 6.65% | +0.16% |
| 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 | 7.06% | 6.85% | +0.21% |
Nutley Housing Market Overview
The Nutley housing market reflects moderate demand with prices near the national average. The median household income in Nutley is $81,000, and the cost of living index is 116.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $136,586 to comfortably afford the median-priced home in Nutley, which exceeds the current median household income.
Monthly Payment Breakdown for Nutley
Based on the median home price of $447,000 with 20% down ($89,400), here is what you can expect to pay monthly in Nutley:
15-Year vs. 30-Year Mortgage in Nutley
Choosing a 15-year mortgage in Nutley at 6.04% instead of a 30-year at 6.81% would save you $295,740 in total interest over the life of the loan. However, your monthly payment would be $3,025 instead of $2,334 — an increase of $691 per month.
Calculate Your Nutley 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 Nutley
What are the current mortgage rates in Nutley, NJ?
As of March 2026, the average 30-year fixed mortgage rate in Nutley, New Jersey is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Nutley?
Based on the median home price of $447,000 with 20% down, the estimated monthly mortgage payment in Nutley is $2,334 for principal and interest. Including property taxes of $853/month, the total monthly housing cost is approximately $3,187.
What income do I need to buy a home in Nutley?
Using the 28% rule, you would need an annual income of approximately $136,586 to afford the median-priced home in Nutley at $447,000. The median household income in Nutley is $81,000. This means most households would need to either earn above the median or consider homes below $447,000.
Is Nutley a good place to buy a home in 2026?
Nutley has a moderate cost of living with a cost of living index of 116.3 (national average = 100). The property tax rate in New Jersey is 2.29%, which is above the national average. Nutley has a population of 28,904 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Nutley, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.