How much do homeowners pay a month in Ledgewood, NJ?
Homeowners with a mortgage in Ledgewood, NJ pay a median of $2,922 (±$194) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,500 or more.
61.2% of owned homes carry a mortgage.
Figures last updated on .
- With a mortgage
- $2,922 (±$194)
- Without a mortgage
- $1,500 or more
- Owned with a mortgage
- 61.2%
Monthly owner costs in Ledgewood
| Ledgewood | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $2,922 (±$194) | $3,295 (±$38) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,500 or more | $1,385 (±$21) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 61.2% (±10.2 points) | 64.5% (±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 Ledgewood, the median cost with a mortgage is lower than in Morris County ($3,295).
It is not measurably different from New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Morris County, Ledgewood ranks 16 of 27 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 85 of 247.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Median monthly cost with a mortgage in places near Ledgewood
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Ledgewood | — | $2,922 (±$194) | — |
| Landing | 1.7 mi | $2,667 (±$167) | Not measurably different |
| Netcong Borough | 2.0 mi | $2,635 (±$112) | Lower |
| Succasunna | 2.1 mi | $3,096 (±$169) | Not measurably different |
| Kenvil | 2.5 mi | $2,716 (±$198) | Not measurably different |
| Stanhope Borough | 2.8 mi | $2,686 (±$341) | Not measurably different |
| Mount Arlington Borough | 3.0 mi | $2,566 (±$192) | Lower |
| Mine Hill Township | 3.5 mi | $2,602 (±$173) | Lower |
| Flanders | 3.6 mi | $3,189 (±$269) | Not measurably different |
Nearby places with a measurably lower figure: Netcong Borough, NJ ($2,635), Mount Arlington Borough, NJ ($2,566), Mine Hill Township, NJ ($2,602).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Morris County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 10 | Pompton Plains | $3,248 (±$273) |
| 11 | Flanders | $3,189 (±$269) |
| 12 | Parsippany | $3,145 (±$159) |
| 13 | Succasunna | $3,096 (±$169) |
| 14 | Mount Tabor | $3,045 (±$696) |
| 15 | Whippany | $2,988 (±$252) |
| 16 | Ledgewood | $2,922 (±$194) |
| 17 | Cedar Knolls | $2,915 (±$160) |
| 18 | Budd Lake | $2,884 (±$187) |
| 19 | White Meadow Lake | $2,866 (±$179) |
| 20 | Green Village | $2,816 (±$1,802) |
| 21 | Lake Telemark | $2,798 (±$425) |
| 22 | Lake Hiawatha | $2,766 (±$149) |
Showing 13 of 27 places in Morris County, ranked from highest to lowest.
Ledgewood is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Roxbury Township, whose figures include it.
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 Ledgewood
What is the average mortgage payment in Ledgewood?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ledgewood, NJ is $2,922 (±$194) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Ledgewood?
Owners without a mortgage in Ledgewood pay a median of $1,500 or more a month in taxes, insurance, utilities and fees.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ledgewood CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Ledgewood CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Ledgewood CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Ledgewood CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Ledgewood CDP, 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 Ledgewood CDP, New Jersey (place:39750, in state:34).
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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