Total monthly cost of ownership
Cost to Own a Home in Centre Grove, New Jersey
A $209,000 home here costs
$2,036per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,074. The real number is $961 higher every month — 89% 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.
Centre Grove against Cumberland County and New Jersey
| Measure | Centre Grove | Cumberland County |
|---|---|---|
| Median home value | $209,300 | $205,600 |
| Median property tax | $5,516 | $5,048 |
| Effective tax rate | 2.635% | 2.455% |
| Median gross rent | — | $1,254 |
| Population | 1,371 | 152,915 |
The weather behind that power bill
Centre Grove sits in Cumberland County, which averages a high of 86.1°F in its hottest month and a low of 23.8°F in its coldest, with 43.37" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,933 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Centre Grove?
A $209,000 home in Centre Grove, New Jersey costs approximately $2,036 per month with 20% down at 6.66%. That is $1,074 principal and interest, $459 property tax, $51 homeowners insurance, $277 utilities and $174 set aside for maintenance.
What is the property tax rate in Centre Grove?
Centre Grove has an effective property tax rate of 2.635%, based on a median home value of $209,300 and median real estate taxes of $5,516. That is higher than the Cumberland County average of 2.455%.
What is the average home price in Centre Grove?
The median owner-occupied home value in Centre Grove, New Jersey is $209,300, against $205,600 across Cumberland County.
Is it cheaper to rent or buy in Centre Grove?
Rent data is not published for Centre Grove at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Centre Grove — 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.