How much do homeowners pay a month in East Newark Borough, NJ?
Homeowners with a mortgage in East Newark Borough, NJ pay a median of $2,787 (±$634) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,233 (±$20).
74.2% of owned homes carry a mortgage.
In East Newark Borough, the median monthly cost with a mortgage went from $2,414 in 2015–2019 to $2,787 in 2020–2024 (+15.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $2,787 (±$634)
- Without a mortgage
- $1,233 (±$20)
- Owned with a mortgage
- 74.2%
Monthly owner costs in East Newark Borough
| East Newark Borough | Hudson County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $2,787 (±$634) | $3,300 (±$61) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,233 (±$20) | $1,311 (±$30) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 74.2% (±11.0 points) | 65.6% (±1.2 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $8,470 (±$336) | $9,555 (±$139) | $9,590 (±$25) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In East Newark Borough, the median cost with a mortgage is not measurably different from Hudson County ($3,300).
It is not measurably different from New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Hudson County, East Newark Borough ranks 12 of 12 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 281 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in East Newark Borough have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,414 (±$467) | $2,787 (±$634) | +15.5% | No measurable change after inflation |
| Median real estate taxes | $6,754 (±$563) | $8,470 (±$336) | +25.4% | No measurable change after inflation |
| Median home value | $299,700 (±$29,260) | $470,300 (±$60,124) | +56.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near East Newark Borough
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| East Newark Borough | — | $2,787 (±$634) | — |
| Harrison Town | 0.8 mi | $2,802 (±$612) | Not measurably different |
| Newark | 2.0 mi | $2,572 (±$79) | Not measurably different |
| Kearny Town | 2.0 mi | $2,812 (±$75) | Not measurably different |
| Silver Lake (Essex County) | 2.2 mi | $3,112 (±$1,222) | Not measurably different |
| Ampere North | 2.3 mi | $2,451 (±$362) | Not measurably different |
| East Orange | 2.7 mi | $2,615 (±$126) | Not measurably different |
| Belleville Township | 2.9 mi | $2,873 (±$98) | Not measurably different |
| North Arlington Borough | 3.0 mi | $3,148 (±$417) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Hudson County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 6 | West New York Town | $3,095 (±$235) |
| 7 | Union City | $3,088 (±$331) |
| 8 | North Bergen Township | $2,947 (±$137) |
| 9 | Guttenberg Town | $2,922 (±$201) |
| 10 | Kearny Town | $2,812 (±$75) |
| 11 | Harrison Town | $2,802 (±$612) |
| 12 | East Newark Borough | $2,787 (±$634) |
Showing 7 of 12 places in Hudson County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about East Newark Borough
What is the average mortgage payment in East Newark Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in East Newark Borough, NJ is $2,787 (±$634) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in East Newark Borough?
Owners without a mortgage in East Newark Borough pay a median of $1,233 (±$20) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in East Newark Borough gone up?
In East Newark Borough, the median monthly cost with a mortgage went from $2,414 in 2015–2019 to $2,787 in 2020–2024 (+15.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — East Newark borough, Hudson County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — East Newark borough, Hudson County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — East Newark borough, Hudson County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — East Newark borough, Hudson County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — East Newark borough, Hudson County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for East Newark borough, Hudson County, New Jersey (county subdivision:19360, in state:34 county:017).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in East Newark Borough at a glance
- Median rent in East Newark Borough
- Rent by bedrooms in East Newark Borough
- Rent burden in East Newark Borough
- Renters and owners in East Newark Borough
- Home values in East Newark Borough
- Property taxes in East Newark Borough
- Types of homes in East Newark Borough
- Bedrooms in East Newark Borough
- Age of homes in East Newark Borough
- Heating fuel in East Newark Borough
- Commute and cars in East Newark Borough
- Crime reported to police in East Newark Borough
- Population growth in East Newark Borough
- How long people stay in East Newark Borough
- New Jersey landlord and tenant rules
- Housing across Hudson County
- Housing data for every place in New Jersey