Total monthly cost of ownership
Cost to Own a Home in Avon-by-the-Sea, New Jersey
A $1,349,000 home here costs
$9,500per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $6,935. The real number is $2,565 higher every month — 37% 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.
Avon-by-the-Sea against Monmouth County and New Jersey
| Measure | Avon-by-the-Sea | Monmouth County |
|---|---|---|
| Median home value | $1,349,000 | $566,500 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 0.741% | 1.765% |
| Median gross rent | $1,891 | $1,771 |
| Population | 1,801 | 643,615 |
The weather behind that power bill
Avon-by-the-Sea sits in Monmouth County, which averages a high of 86.5°F in its hottest month and a low of 22.9°F in its coldest, with 48.57" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,017 cooling and 4,988 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Monmouth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monmouth County
Full Monmouth County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Avon-by-the-Sea?
A $1,349,000 home in Avon-by-the-Sea, New Jersey costs approximately $9,500 per month with 20% down at 6.66%. That is $6,935 principal and interest, $833 property tax, $331 homeowners insurance, $277 utilities and $1,124 set aside for maintenance.
What is the property tax rate in Avon-by-the-Sea?
Avon-by-the-Sea has an effective property tax rate of 0.741%, based on a median home value of $1,349,000 and median real estate taxes of $10,001. That is lower than the Monmouth County average of 1.765%.
What is the average home price in Avon-by-the-Sea?
The median owner-occupied home value in Avon-by-the-Sea, New Jersey is $1,349,000, against $566,500 across Monmouth County.
Is it cheaper to rent or buy in Avon-by-the-Sea?
Median gross rent in Avon-by-the-Sea is $1,891 a month, against $9,500 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 Avon-by-the-Sea — 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.