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New Jersey
Mortgage Calculator

How Much Will Your Mortgage Be in New Jersey?
Homeowners in the Garden State spend nearly one-quarter of their monthly income paying their mortgage thanks to its proximity to the ocean and bustling New York City, among other benefits.
The median home value in New Jersey increased by just over 6% in 2018, meaning the sooner you decide to purchase a home, the better, since the coming years will likely see a similar rise. Also, see FHA Loan in New Jersey for details and requirements for a home in the state.
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New Jersey Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
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Source of Info PropertyPath
Factors That Can Affect Your New Jersey Mortgage Calculations
The two most important factors to keep in mind when it comes to purchasing a home in New Jersey are the state property taxes and insurance.
New Jersey Job Stats to Consider
As of 2019, the state is home to almost two-dozen companies on the Fortune 500 list, including Prudential, Johnson & Johnson, Bed Bath & Beyond, and Merck. Bio/pharmaceutical companies are quite prevalent in New Jersey, as are the transportation and logistics, finance, hospitality and healthcare industries.
The unemployment rate in New Jersey was 3.1% in September of 2019, just under the national average of around 3.5%.