🗽 New Jersey

Mortgage Calculator for New Jersey Home Buyers

Estimate New Jersey mortgage payments including property tax and insurance.

2.21%
Avg Property Tax
$450K
Median Home Price
6.50%
Avg Interest Rate
$2K
Avg Insurance/Year

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About New Jersey Mortgages

New Jersey is known for high property taxes, especially in suburban areas, with above-average home prices.

New Jersey Mortgage FAQs

What is the median home price in New Jersey?

The median home price in New Jersey is $450000.

What is the average property tax rate in New Jersey?

The average property tax rate in New Jersey is 2.21% per year.

How much do homeowners typically pay for insurance in New Jersey?

Homeowners insurance in New Jersey averages $2100 per year.

What is the current mortgage interest rate in New Jersey?

The current mortgage interest rate in New Jersey is approximately 6.50%.

Are property taxes in New Jersey higher or lower than the national average?

Property taxes in New Jersey are higher than the national average.

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