Total monthly cost of ownership
Cost to Own a Home in Ampere North, New Jersey
A $358,000 home here costs
$3,336per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,840. The real number is $1,495 higher every month — 81% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ampere North against Essex County and New Jersey
| Measure | Ampere North | Essex County |
|---|---|---|
| Median home value | $358,000 | $494,400 |
| Median property tax | $9,986 | $10,001 |
| Effective tax rate | 2.789% | 2.023% |
| Median gross rent | $1,720 | $1,459 |
| Population | 4,968 | 854,130 |
The weather behind that power bill
Ampere North sits in Essex County, which averages a high of 85.2°F in its hottest month and a low of 22.9°F in its coldest, with 44.88" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 973 cooling and 5,272 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Essex County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Essex County
Full Essex County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Ampere North?
A $358,000 home in Ampere North, New Jersey costs approximately $3,336 per month with 20% down at 6.66%. That is $1,840 principal and interest, $832 property tax, $88 homeowners insurance, $277 utilities and $298 set aside for maintenance.
What is the property tax rate in Ampere North?
Ampere North has an effective property tax rate of 2.789%, based on a median home value of $358,000 and median real estate taxes of $9,986. That is higher than the Essex County average of 2.023%.
What is the average home price in Ampere North?
The median owner-occupied home value in Ampere North, New Jersey is $358,000, against $494,400 across Essex County.
Is it cheaper to rent or buy in Ampere North?
Median gross rent in Ampere North is $1,720 a month, against $3,336 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ampere North — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New Jersey.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.