How much do homeowners pay a month in Lower Township, NJ?

Name: Homeowner costs in Lower Township, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Lower Township, NJ pay a median of $1,875 (±$94) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $791 (±$46).

61.0% of owned homes carry a mortgage.

In Lower Township, the median monthly cost with a mortgage went from $1,652 in 2015–2019 to $1,875 in 2020–2024 (+13.5%).

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 November 12, 2026.

With a mortgage: $1,875 (±$94)
Without a mortgage: $791 (±$46)
Owned with a mortgage: 61.0%

Monthly owner costs in Lower Township

Median selected monthly owner costs, estimate (90% margin of error)
	Lower Township	Cape May County	New Jersey	United States
With a mortgage	$1,875 (±$94)	$2,232 (±$50)	$2,829 (±$8)	$1,963
Without a mortgage	$791 (±$46)	$925 (±$27)	$1,232 (±$6)	$638
Owned homes with a mortgage	61.0% (±4.5 points)	58.9% (±1.9 points)	63.9% (±0.2 points)	60.6%
Median real estate taxes (a year)	$4,186 (±$215)	$5,306 (±$135)	$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 Lower Township, the median cost with a mortgage is lower than in Cape May County ($2,232).

It is also lower than in New Jersey ($2,829).

It is not measurably different from the national figure ($1,963).

In Cape May County, Lower Township ranks 15 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 525 of 560.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Lower Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$1,652 (±$41)	$1,875 (±$94)	+13.5%	Down after inflation
Median real estate taxes	$3,706 (±$102)	$4,186 (±$215)	+13.0%	Down after inflation
Median home value	$241,800 (±$7,433)	$364,900 (±$16,201)	+50.9%	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 Lower Township

Nearest places with a published estimate, compared with Lower Township
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Lower Township	—	$1,875 (±$94)	—
Cape May	3.0 mi	$2,586 (±$418)	Higher
Rio Grande	3.0 mi	$2,405 (±$270)	Higher
West Cape May Borough	3.2 mi	$2,695 (±$365)	Higher
Wildwood Crest Borough	4.1 mi	$2,529 (±$496)	Higher
Cape May Point Borough	4.3 mi	$2,500 (±$760)	Not measurably different
West Wildwood Borough	4.9 mi	$2,025 (±$650)	Not measurably different
Whitesboro	5.0 mi	$1,988 (±$388)	Not measurably different
Wildwood	5.0 mi	$2,473 (±$385)	Higher

Nearby places with a measurably higher figure: Cape May, NJ ($2,586), Rio Grande, NJ ($2,405), West Cape May Borough, NJ ($2,695).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Cape May County, place by place

Rank	Place	Median monthly cost with a mortgage
9	Wildwood	$2,473 (±$385)
10	Upper Township	$2,326 (±$87)
11	North Wildwood	$2,258 (±$325)
12	Middle Township	$2,108 (±$122)
13	West Wildwood Borough	$2,025 (±$650)
14	Dennis Township	$1,910 (±$110)
15	Lower Township	$1,875 (±$94)
16	Woodbine Borough	$1,578 (±$185)

Showing 8 of 16 places in Cape May County, ranked from highest to lowest.

The figures for Lower Township include the places inside it that have pages of their own: Erma, North Cape May, Villas.

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 Lower Township

What is the average mortgage payment in Lower Township?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lower Township, NJ is $1,875 (±$94) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Lower Township?

Owners without a mortgage in Lower Township pay a median of $791 (±$46) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Lower Township gone up?

In Lower Township, the median monthly cost with a mortgage went from $1,652 in 2015–2019 to $1,875 in 2020–2024 (+13.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Sources

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 Lower township, Cape May County, New Jersey (county subdivision:41610, in state:34 county:009).

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.

Request a Census API 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.