How much do homeowners pay a month in Fairfield Township (Essex County), NJ?
Homeowners with a mortgage in Fairfield Township (Essex County), NJ pay a median of $3,721 (±$191) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,474 (±$108).
68.5% of owned homes carry a mortgage.
In Fairfield Township (Essex County), the median monthly cost with a mortgage went from $3,211 in 2015–2019 to $3,721 in 2020–2024 (+15.9%).
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
- $3,721 (±$191)
- Without a mortgage
- $1,474 (±$108)
- Owned with a mortgage
- 68.5%
Monthly owner costs in Fairfield Township (Essex County)
| Fairfield Township (Essex County) | Essex County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $3,721 (±$191) | $3,322 (±$46) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,474 (±$108) | $1,500 or more | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 68.5% (±9.7 points) | 68.3% (±0.9 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $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 Fairfield Township (Essex County), the median cost with a mortgage is higher than in Essex County ($3,322).
It is also higher than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Essex County, Fairfield Township (Essex County) ranks 10 of 22 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 96 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Fairfield Township (Essex County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $3,211 (±$189) | $3,721 (±$191) | +15.9% | No measurable change after inflation |
| Median home value | $519,900 (±$44,467) | $688,500 (±$61,019) | +32.4% | No measurable change 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 Fairfield Township (Essex County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Fairfield Township (Essex County) | — | $3,721 (±$191) | — |
| Pine Brook | 2.2 mi | $3,698 (±$465) | Not measurably different |
| West Caldwell Township | 2.5 mi | $3,503 (±$176) | Not measurably different |
| North Caldwell Borough | 2.6 mi | $4,000 or more | — |
| Lincoln Park Borough | 2.8 mi | $2,922 (±$130) | Lower |
| Singac | 3.2 mi | $2,432 (±$214) | Lower |
| Caldwell Borough | 3.3 mi | $3,626 (±$184) | Not measurably different |
| Montville Township | 3.5 mi | $3,901 (±$127) | Not measurably different |
| Towaco | 3.7 mi | $3,929 (±$315) | Not measurably different |
Nearby places with a measurably lower figure: Lincoln Park Borough, NJ ($2,922), Singac, NJ ($2,432).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Essex County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 (tie) | Millburn Township | $4,000 or more |
| 1 (tie) | Montclair Township | $4,000 or more |
| 1 (tie) | North Caldwell Borough | $4,000 or more |
| 1 (tie) | South Orange Village | $4,000 or more |
| 8 | Maplewood Township | $3,979 (±$196) |
| 9 | Roseland Borough | $3,766 (±$545) |
| 10 | Fairfield Township (Essex County) | $3,721 (±$191) |
| 11 | Caldwell Borough | $3,626 (±$184) |
| 12 | Verona Township | $3,615 (±$185) |
| 13 | West Orange Township | $3,567 (±$100) |
| 14 | West Caldwell Township | $3,503 (±$176) |
| 15 | Cedar Grove Township | $3,417 (±$170) |
| 16 | Nutley Township | $3,245 (±$147) |
Showing 13 of 22 places in Essex 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 Fairfield Township (Essex County)
What is the average mortgage payment in Fairfield Township (Essex County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Fairfield Township (Essex County), NJ is $3,721 (±$191) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Fairfield Township (Essex County)?
Owners without a mortgage in Fairfield Township (Essex County) pay a median of $1,474 (±$108) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Fairfield Township (Essex County) gone up?
In Fairfield Township (Essex County), the median monthly cost with a mortgage went from $3,211 in 2015–2019 to $3,721 in 2020–2024 (+15.9%).
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 — Fairfield township, Essex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Fairfield township, Essex County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Fairfield township, Essex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Fairfield township, Essex County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fairfield township, Essex 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 Fairfield township, Essex County, New Jersey (county subdivision:22385, in state:34 county:013).
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 .
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