How much do homeowners pay a month in Gibbsboro Borough, NJ?
Homeowners with a mortgage in Gibbsboro Borough, NJ pay a median of $2,351 (±$85) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,298 (±$146).
60.6% of owned homes carry a mortgage.
In Gibbsboro Borough, the median monthly cost with a mortgage went from $2,111 in 2015–2019 to $2,351 in 2020–2024 (+11.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $2,351 (±$85)
- Without a mortgage
- $1,298 (±$146)
- Owned with a mortgage
- 60.6%
Monthly owner costs in Gibbsboro Borough
| Gibbsboro Borough | Camden County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $2,351 (±$85) | $2,225 (±$24) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,298 (±$146) | $1,115 (±$18) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 60.6% (±7.4 points) | 65.1% (±1.0 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $9,047 (±$403) | $8,134 (±$97) | $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 Gibbsboro Borough, the median cost with a mortgage is higher than in Camden County ($2,225).
It is also lower than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Camden County, Gibbsboro Borough ranks 10 of 34 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 399 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Gibbsboro Borough have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,111 (±$149) | $2,351 (±$85) | +11.4% | Down after inflation |
| Median real estate taxes | $7,192 (±$243) | $9,047 (±$403) | +25.8% | No measurable change after inflation |
| Median home value | $215,400 (±$13,788) | $308,400 (±$22,884) | +43.2% | 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 Gibbsboro Borough
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Gibbsboro Borough | — | $2,351 (±$85) | — |
| Voorhees Township | 1.3 mi | $2,913 (±$145) | Higher |
| Lindenwold Borough | 1.5 mi | $1,763 (±$123) | Lower |
| Echelon | 1.7 mi | $2,254 (±$199) | Not measurably different |
| West Berlin | 2.1 mi | $1,884 (±$133) | Lower |
| Laurel Springs Borough | 2.2 mi | $2,505 (±$146) | Not measurably different |
| Clementon Borough | 2.3 mi | $1,850 (±$257) | Lower |
| Stratford Borough | 2.6 mi | $2,212 (±$100) | Lower |
| Berlin Township | 2.9 mi | $2,145 (±$409) | Not measurably different |
Nearby places with a measurably lower figure: Lindenwold Borough, NJ ($1,763), West Berlin, NJ ($1,884), Clementon Borough, NJ ($1,850).
Nearby places with a measurably higher figure: Voorhees Township, NJ ($2,913).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Camden County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 4 | Cherry Hill Township | $2,708 (±$67) |
| 5 | Haddon Heights Borough | $2,644 (±$185) |
| 6 | Hi-nella Borough | $2,511 (±$450) |
| 7 | Laurel Springs Borough | $2,505 (±$146) |
| 8 | Collingswood Borough | $2,486 (±$154) |
| 9 | Haddon Township | $2,473 (±$118) |
| 10 | Gibbsboro Borough | $2,351 (±$85) |
| 11 | Merchantville Borough | $2,318 (±$345) |
| 12 | Barrington Borough | $2,297 (±$110) |
| 13 | Audubon Borough | $2,225 (±$128) |
| 14 | Oaklyn Borough | $2,214 (±$133) |
| 15 | Stratford Borough | $2,212 (±$100) |
| 16 | Gloucester Township | $2,207 (±$44) |
Showing 13 of 34 places in Camden 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 Gibbsboro Borough
What is the average mortgage payment in Gibbsboro Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Gibbsboro Borough, NJ is $2,351 (±$85) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Gibbsboro Borough?
Owners without a mortgage in Gibbsboro Borough pay a median of $1,298 (±$146) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Gibbsboro Borough gone up?
In Gibbsboro Borough, the median monthly cost with a mortgage went from $2,111 in 2015–2019 to $2,351 in 2020–2024 (+11.4%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gibbsboro borough, Camden County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Gibbsboro borough, Camden County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Gibbsboro borough, Camden County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Gibbsboro borough, Camden County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gibbsboro borough, Camden 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 Gibbsboro borough, Camden County, New Jersey (county subdivision:26070, in state:34 county:007).
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
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- Population growth in Gibbsboro Borough
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- Fair Market Rent in Gibbsboro Borough
- New Jersey landlord and tenant rules
- Housing across Camden County
- Housing data for every place in New Jersey