Total monthly cost of ownership
Cost to Own a Home in Auburn, New Jersey
A $440,000 home here costs
$3,846per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,262. The real number is $1,584 higher every month — 70% 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.
Auburn against Salem County and New Jersey
| Measure | Auburn | Salem County |
|---|---|---|
| Median home value | $440,300 | $223,000 |
| Median property tax | $10,001 | $6,757 |
| Effective tax rate | 2.271% | 3.030% |
| Median gross rent | — | $1,185 |
| Population | 1,209 | 64,973 |
The weather behind that power bill
Auburn sits in Salem County, which averages a high of 86.8°F in its hottest month and a low of 25.6°F in its coldest, with 45.33" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,229 cooling and 4,647 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Salem County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Salem County
Full Salem County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Auburn?
A $440,000 home in Auburn, New Jersey costs approximately $3,846 per month with 20% down at 6.66%. That is $2,262 principal and interest, $833 property tax, $108 homeowners insurance, $277 utilities and $367 set aside for maintenance.
What is the property tax rate in Auburn?
Auburn has an effective property tax rate of 2.271%, based on a median home value of $440,300 and median real estate taxes of $10,001. That is lower than the Salem County average of 3.030%.
What is the average home price in Auburn?
The median owner-occupied home value in Auburn, New Jersey is $440,300, against $223,000 across Salem County.
Is it cheaper to rent or buy in Auburn?
Rent data is not published for Auburn at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Auburn — 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.