New Jersey
New Jersey Mortgage Calculator
Pre-filled for New Jersey: median home price $500,000, average property tax rate 2.23%. Adjust any slider to make it yours.
Highest property tax rate in the US.
Buying a home in New Jersey
The median home price in New Jersey is around $500,000, and the effective property tax rate averages 2.23%. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.