How much do homeowners pay a month in Palermo, NJ?

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

Homeowners with a mortgage in Palermo, NJ pay a median of $2,580 (±$283) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $988 (±$206).

49.3% of owned homes carry a mortgage.

Figures last updated on November 12, 2026.

With a mortgage: $2,580 (±$283)
Without a mortgage: $988 (±$206)
Owned with a mortgage: 49.3%

Monthly owner costs in Palermo

Median selected monthly owner costs, estimate (90% margin of error)
	Palermo	Cape May County	New Jersey	United States
With a mortgage	$2,580 (±$283)	$2,232 (±$50)	$2,829 (±$8)	$1,963
Without a mortgage	$988 (±$206)	$925 (±$27)	$1,232 (±$6)	$638
Owned homes with a mortgage	49.3% (±9.5 points)	58.9% (±1.9 points)	63.9% (±0.2 points)	60.6%
Median real estate taxes (a year)	$6,665 (±$345)	$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 Palermo, the median cost with a mortgage is higher than in Cape May County ($2,232).

It is not measurably different from New Jersey ($2,829).

It is higher than the national figure ($1,963).

In Cape May County, Palermo ranks 2 of 11 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 132 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 Palermo

Nearest places with a published estimate, compared with Palermo
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Palermo	—	$2,580 (±$283)	—
Marmora	2.3 mi	$2,114 (±$153)	Lower
Seaville	2.4 mi	$2,679 (±$236)	Not measurably different
Beesleys Point	4.1 mi	$1,802 (±$1,405)	Not measurably different
Corbin City	4.8 mi	$1,568 (±$159)	Lower
Ocean City	5.2 mi	$3,242 (±$143)	Higher
Sea Isle City	5.8 mi	$3,317 (±$193)	Higher
Woodbine Borough	6.6 mi	$1,578 (±$185)	Lower
Somers Point	7.2 mi	$2,223 (±$90)	Lower

Nearby places with a measurably lower figure: Marmora, NJ ($2,114), Corbin City, NJ ($1,568), Woodbine Borough, NJ ($1,578).

Nearby places with a measurably higher figure: Ocean City, NJ ($3,242), Sea Isle City, NJ ($3,317).

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
1	Seaville	$2,679 (±$236)
2	Palermo	$2,580 (±$283)
3	Rio Grande	$2,405 (±$270)
4	Cape May Court House	$2,163 (±$251)
5	Marmora	$2,114 (±$153)
6	North Cape May	$2,080 (±$139)
7	Whitesboro	$1,988 (±$388)
8	Erma	$1,880 (±$120)

Showing 8 of 11 places in Cape May County, ranked from highest to lowest.

Palermo is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Upper 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.

What you can do on Seayora in Palermo

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Palermo beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Palermo, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Palermo, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Palermo

What is the average mortgage payment in Palermo?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Palermo, NJ is $2,580 (±$283) a month, including taxes, insurance and utilities.

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

Owners without a mortgage in Palermo pay a median of $988 (±$206) a month in taxes, insurance, utilities and fees.

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 Palermo CDP, New Jersey (place:55710, 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.

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.