Total monthly cost of ownership
Cost to Own a Home in Bay Head, New Jersey
A $1,679,000 home here costs
$11,553per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $8,632. The real number is $2,922 higher every month — 34% 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.
Bay Head against Ocean County and New Jersey
| Measure | Bay Head | Ocean County |
|---|---|---|
| Median home value | $1,679,000 | $366,600 |
| Median property tax | $10,001 | $6,499 |
| Effective tax rate | 0.596% | 1.773% |
| Median gross rent | $1,554 | $1,702 |
| Population | 1,201 | 646,434 |
The weather behind that power bill
Bay Head sits in Ocean County, which averages a high of 85.5°F in its hottest month and a low of 21.7°F in its coldest, with 52.04" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 861 cooling and 5,328 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Ocean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ocean County
Full Ocean County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Bay Head?
A $1,679,000 home in Bay Head, New Jersey costs approximately $11,553 per month with 20% down at 6.66%. That is $8,632 principal and interest, $834 property tax, $411 homeowners insurance, $277 utilities and $1,399 set aside for maintenance.
What is the property tax rate in Bay Head?
Bay Head has an effective property tax rate of 0.596%, based on a median home value of $1,679,000 and median real estate taxes of $10,001. That is lower than the Ocean County average of 1.773%.
What is the average home price in Bay Head?
The median owner-occupied home value in Bay Head, New Jersey is $1,679,000, against $366,600 across Ocean County.
Is it cheaper to rent or buy in Bay Head?
Median gross rent in Bay Head is $1,554 a month, against $11,553 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 Bay Head — 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.