How much do homeowners pay a month in Monroe Township (Middlesex County), NJ?
Homeowners with a mortgage in Monroe Township (Middlesex County), NJ pay a median of $3,064 (±$176) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,235 (±$40).
53.8% of owned homes carry a mortgage.
In Monroe Township (Middlesex County), the median monthly cost with a mortgage went from $2,820 in 2015–2019 to $3,064 in 2020–2024 (+8.7%).
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
- $3,064 (±$176)
- Without a mortgage
- $1,235 (±$40)
- Owned with a mortgage
- 53.8%
Monthly owner costs in Monroe Township (Middlesex County)
| Monroe Township (Middlesex County) | Middlesex County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $3,064 (±$176) | $2,877 (±$24) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,235 (±$40) | $1,242 (±$14) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 53.8% (±3.0 points) | 63.1% (±0.7 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $9,816 (±$456) | $9,712 (±$68) | $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 Monroe Township (Middlesex County), the median cost with a mortgage is higher than in Middlesex County ($2,877).
It is also higher than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Middlesex County, Monroe Township (Middlesex County) ranks 8 of 25 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 211 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Monroe Township (Middlesex County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,820 (±$127) | $3,064 (±$176) | +8.7% | Down after inflation |
| Median real estate taxes | $8,135 (±$275) | $9,816 (±$456) | +20.7% | No measurable change after inflation |
| Median home value | $375,900 (±$10,602) | $540,900 (±$22,783) | +43.9% | 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 Monroe Township (Middlesex County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Monroe Township (Middlesex County) | — | $3,064 (±$176) | — |
| Jamesburg Borough | 2.1 mi | $2,777 (±$98) | Lower |
| Englishtown Borough | 4.0 mi | $2,691 (±$282) | Lower |
| Helmetta Borough | 4.1 mi | $2,200 (±$227) | Lower |
| Yorketown | 4.8 mi | $3,197 (±$149) | Not measurably different |
| Cranbury | 4.8 mi | $3,947 (±$407) | Higher |
| Cranbury Township | 4.8 mi | $4,000 or more | — |
| Manalapan Township | 5.0 mi | $3,251 (±$134) | Not measurably different |
| Twin Rivers | 5.1 mi | $2,051 (±$261) | Lower |
Nearby places with a measurably lower figure: Jamesburg Borough, NJ ($2,777), Englishtown Borough, NJ ($2,691), Helmetta Borough, NJ ($2,200).
Nearby places with a measurably higher figure: Cranbury, NJ ($3,947).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Middlesex County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 2 | Plainsboro Township | $3,791 (±$279) |
| 3 | South Brunswick Township | $3,481 (±$147) |
| 4 | Highland Park Borough | $3,417 (±$296) |
| 5 | Metuchen Borough | $3,411 (±$147) |
| 6 | East Brunswick Township | $3,204 (±$95) |
| 7 | Edison Township | $3,184 (±$52) |
| 8 | Monroe Township (Middlesex County) | $3,064 (±$176) |
| 9 | Milltown Borough | $2,875 (±$331) |
| 10 | North Brunswick Township | $2,865 (±$122) |
| 11 | Piscataway Township | $2,811 (±$75) |
| 12 | Middlesex Borough | $2,795 (±$129) |
| 13 | South Plainfield Borough | $2,794 (±$59) |
| 14 | Jamesburg Borough | $2,777 (±$98) |
Showing 13 of 25 places in Middlesex County, ranked from highest to lowest.
The figures for Monroe Township (Middlesex County) include the places inside it that have pages of their own: Clearbrook, Concordia, Forsgate, Monroe Manor, Regency at Monroe, Rossmoor, Stonebridge, The Ponds, +1.
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 Monroe Township (Middlesex County)
What is the average mortgage payment in Monroe Township (Middlesex County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Monroe Township (Middlesex County), NJ is $3,064 (±$176) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Monroe Township (Middlesex County)?
Owners without a mortgage in Monroe Township (Middlesex County) pay a median of $1,235 (±$40) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Monroe Township (Middlesex County) gone up?
In Monroe Township (Middlesex County), the median monthly cost with a mortgage went from $2,820 in 2015–2019 to $3,064 in 2020–2024 (+8.7%).
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 — Monroe township, Middlesex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Monroe township, Middlesex County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Monroe township, Middlesex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Monroe township, Middlesex County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Monroe township, Middlesex 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 Monroe township, Middlesex County, New Jersey (county subdivision:47280, in state:34 county:023).
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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