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

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

Homeowners with a mortgage in Towaco, NJ pay a median of $3,929 (±$315) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $1,348 (±$477).

52.4% of owned homes carry a mortgage.

Figures last updated on November 12, 2026.

With a mortgage: $3,929 (±$315)
Without a mortgage: $1,348 (±$477)
Owned with a mortgage: 52.4%

Monthly owner costs in Towaco

Median selected monthly owner costs, estimate (90% margin of error)
	Towaco	Morris County	New Jersey	United States
With a mortgage	$3,929 (±$315)	$3,295 (±$38)	$2,829 (±$8)	$1,963
Without a mortgage	$1,348 (±$477)	$1,385 (±$21)	$1,232 (±$6)	$638
Owned homes with a mortgage	52.4% (±12.1 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 Towaco, the median cost with a mortgage is higher than in Morris County ($3,295).

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

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

In Morris County, Towaco ranks 2 of 27 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 16 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 Towaco

Nearest places with a published estimate, compared with Towaco
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Towaco	—	$3,929 (±$315)	—
Lincoln Park Borough	2.0 mi	$2,922 (±$130)	Lower
Pequannock Township	3.1 mi	$3,145 (±$180)	Lower
Pompton Plains	3.4 mi	$3,248 (±$273)	Lower
Fairfield Township (Essex County)	3.7 mi	$3,721 (±$191)	Not measurably different
Boonton Town	3.7 mi	$3,288 (±$147)	Lower
Lake Hiawatha	3.8 mi	$2,766 (±$149)	Lower
Pine Brook	3.9 mi	$3,698 (±$465)	Not measurably different
Boonton Township	4.3 mi	$3,723 (±$591)	Not measurably different

Nearby places with a measurably lower figure: Lincoln Park Borough, NJ ($2,922), Pequannock Township, NJ ($3,145), Pompton Plains, NJ ($3,248).

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
1	Millington	$4,000 or more
2	Towaco	$3,929 (±$315)
3	Stirling	$3,906 (±$777)
4	Pine Brook	$3,698 (±$465)
5	Brookside	$3,682 (±$668)
6	Gillette	$3,648 (±$545)
7	Troy Hills	$3,432 (±$282)
8	Long Valley	$3,368 (±$287)

Showing 8 of 27 places in Morris County, ranked from highest to lowest.

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

It lies inside Montville 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 Towaco

What is the average mortgage payment in Towaco?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Towaco, NJ is $3,929 (±$315) a month, including taxes, insurance and utilities.

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

Owners without a mortgage in Towaco pay a median of $1,348 (±$477) 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 Towaco CDP, New Jersey (place:73170, 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.