How much do homeowners pay a month in Mount Laurel Township, NJ?
Homeowners with a mortgage in Mount Laurel Township, NJ pay a median of $2,338 (±$90) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $993 (±$47).
65.5% of owned homes carry a mortgage.
In Mount Laurel Township, the median monthly cost with a mortgage went from $2,129 in 2015–2019 to $2,338 in 2020–2024 (+9.8%).
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
- $2,338 (±$90)
- Without a mortgage
- $993 (±$47)
- Owned with a mortgage
- 65.5%
Monthly owner costs in Mount Laurel Township
| Mount Laurel Township | Burlington County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $2,338 (±$90) | $2,408 (±$23) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $993 (±$47) | $1,070 (±$17) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 65.5% (±3.2 points) | 66.0% (±0.9 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $7,468 (±$233) | $7,983 (±$78) | $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 Mount Laurel Township, the median cost with a mortgage is not measurably different from Burlington County ($2,408).
It is also lower than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Burlington County, Mount Laurel Township ranks 21 of 40 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 407 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Mount Laurel Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,129 (±$61) | $2,338 (±$90) | +9.8% | Down after inflation |
| Median real estate taxes | $6,854 (±$149) | $7,468 (±$233) | +9.0% | Down after inflation |
| Median home value | $272,800 (±$8,477) | $357,200 (±$10,904) | +30.9% | 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 Mount Laurel Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Mount Laurel Township | — | $2,338 (±$90) | — |
| Moorestown Township | 3.0 mi | $3,911 (±$349) | Higher |
| Moorestown-Lenola | 3.5 mi | $3,243 (±$262) | Higher |
| Marlton | 3.6 mi | $2,278 (±$77) | Not measurably different |
| Hainesport Township | 3.9 mi | $2,680 (±$501) | Not measurably different |
| Greentree | 4.8 mi | $2,967 (±$187) | Higher |
| Maple Shade Township | 5.0 mi | $2,055 (±$94) | Lower |
| Delran Township | 5.1 mi | $2,489 (±$135) | Not measurably different |
| Kingston Estates | 5.2 mi | $2,423 (±$195) | Not measurably different |
Nearby places with a measurably lower figure: Maple Shade Township, NJ ($2,055).
Nearby places with a measurably higher figure: Moorestown Township, NJ ($3,911), Moorestown-Lenola, NJ ($3,243), Greentree, NJ ($2,967).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Burlington County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 15 | Evesham Township | $2,564 (±$84) |
| 16 | Burlington Township | $2,545 (±$181) |
| 17 | Riverton Borough | $2,492 (±$189) |
| 18 | Delran Township | $2,489 (±$135) |
| 19 | Bordentown Township | $2,441 (±$128) |
| 20 | Southampton Township | $2,350 (±$202) |
| 21 | Mount Laurel Township | $2,338 (±$90) |
| 22 | New Hanover Township | $2,298 (±$333) |
| 23 | Westampton Township | $2,297 (±$109) |
| 24 | Bordentown | $2,224 (±$83) |
| 25 | Pemberton Borough | $2,128 (±$276) |
| 26 | Willingboro Township | $2,116 (±$56) |
| 27 | Fieldsboro Borough | $2,090 (±$370) |
Showing 13 of 40 places in Burlington County, ranked from highest to lowest.
The figures for Mount Laurel Township include the places inside it that have pages of their own: Ramblewood.
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 Mount Laurel Township
What is the average mortgage payment in Mount Laurel Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Mount Laurel Township, NJ is $2,338 (±$90) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Mount Laurel Township?
Owners without a mortgage in Mount Laurel Township pay a median of $993 (±$47) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Mount Laurel Township gone up?
In Mount Laurel Township, the median monthly cost with a mortgage went from $2,129 in 2015–2019 to $2,338 in 2020–2024 (+9.8%).
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 — Mount Laurel township, Burlington County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mount Laurel township, Burlington 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 Mount Laurel township, Burlington County, New Jersey (county subdivision:49020, in state:34 county:005).
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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