Total monthly cost of ownership
Cost to Own a Home in Carneys Point, New Jersey
A $181,000 home here costs
$1,863per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $931. The real number is $932 higher every month — 100% 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.
Carneys Point against Salem County and New Jersey
| Measure | Carneys Point | Salem County |
|---|---|---|
| Median home value | $180,600 | $223,000 |
| Median property tax | $5,508 | $6,757 |
| Effective tax rate | 3.050% | 3.030% |
| Median gross rent | $1,283 | $1,185 |
| Population | 7,945 | 64,973 |
The weather behind that power bill
Carneys Point 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 Carneys Point?
A $181,000 home in Carneys Point, New Jersey costs approximately $1,863 per month with 20% down at 6.66%. That is $931 principal and interest, $460 property tax, $44 homeowners insurance, $277 utilities and $151 set aside for maintenance.
What is the property tax rate in Carneys Point?
Carneys Point has an effective property tax rate of 3.050%, based on a median home value of $180,600 and median real estate taxes of $5,508. That is higher than the Salem County average of 3.030%.
What is the average home price in Carneys Point?
The median owner-occupied home value in Carneys Point, New Jersey is $180,600, against $223,000 across Salem County.
Is it cheaper to rent or buy in Carneys Point?
Median gross rent in Carneys Point is $1,283 a month, against $1,863 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 Carneys Point — 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.