Total monthly cost of ownership
Cost to Own a Home in Byram Center, New Jersey
A $349,000 home here costs
$3,268per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $140,000 a year.
A standard mortgage calculator would have told you $1,903. The real number is $1,365 higher every month, 72% more than the payment most buyers budget for.
Compare Sussex County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Byram Center from a five-year rolling sample, and with about 2,018 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Sussex County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Byram Center against Sussex County and New Jersey
| Measure | Byram Center | Sussex County |
|---|---|---|
| Median home value | $349,300 | $342,800 |
| Median property tax | $9,105 | $8,462 |
| Effective tax rate | 2.607% | 2.468% |
| Median gross rent | — | $1,503 |
| Population | 2,018 | 145,117 |
The weather behind that power bill
Byram Center sits in Sussex County, which averages a high of 83.6°F in its hottest month and a low of 18.0°F in its coldest, with 40.95" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 639 cooling and 6,048 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Sussex County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sussex County
Full Sussex County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Byram Center averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Byram Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Byram Center I already own here and may sell
Common questions
How much does it cost to own a home in Byram Center?
A $349,000 home in Byram Center, New Jersey costs approximately $3,268 per month with 20% down at 7.24%. That is $1,903 principal and interest, $758 property tax, $86 homeowners insurance, $231 utilities and $291 set aside for maintenance.
What is the property tax rate in Byram Center?
Byram Center has an effective property tax rate of 2.607%, based on a median home value of $349,300 and median real estate taxes of $9,105. That is higher than the Sussex County average of 2.468%.
What is the average home price in Byram Center?
The median owner-occupied home value in Byram Center, New Jersey is $349,300, against $342,800 across Sussex County.
Is it cheaper to rent or buy in Byram Center?
Rent data is not published for Byram Center at this level of detail.
What salary do you need to buy a home in Byram Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Byram Center, New Jersey at today's rate takes a household income of roughly $140,000 a year. That covers the full $3,268 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Byram Center, 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.