Total monthly cost of ownership
Cost to Own a Home in Bayonne, New Jersey
A $446,000 home here costs
$3,884per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,293. The real number is $1,591 higher every month — 69% 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.
Bayonne against Hudson County and New Jersey
| Measure | Bayonne | Hudson County |
|---|---|---|
| Median home value | $446,100 | $508,600 |
| Median property tax | $10,001 | $9,413 |
| Effective tax rate | 2.242% | 1.851% |
| Median gross rent | $1,593 | $1,811 |
| Population | 70,468 | 710,478 |
The weather behind that power bill
Bayonne sits in Hudson County, which averages a high of 86.9°F in its hottest month and a low of 25.5°F in its coldest, with 46.6" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,270 cooling and 4,701 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Hudson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hudson County
Full Hudson County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Bayonne?
A $446,000 home in Bayonne, New Jersey costs approximately $3,884 per month with 20% down at 6.66%. That is $2,293 principal and interest, $833 property tax, $109 homeowners insurance, $277 utilities and $372 set aside for maintenance.
What is the property tax rate in Bayonne?
Bayonne has an effective property tax rate of 2.242%, based on a median home value of $446,100 and median real estate taxes of $10,001. That is higher than the Hudson County average of 1.851%.
What is the average home price in Bayonne?
The median owner-occupied home value in Bayonne, New Jersey is $446,100, against $508,600 across Hudson County.
Is it cheaper to rent or buy in Bayonne?
Median gross rent in Bayonne is $1,593 a month, against $3,884 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 Bayonne — 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.