Total monthly cost of ownership
Cost to Own a Home in Cologne, New Jersey
A $331,000 home here costs
$2,988per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,702. The real number is $1,286 higher every month — 76% 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.
Cologne against Atlantic County and New Jersey
| Measure | Cologne | Atlantic County |
|---|---|---|
| Median home value | $330,500 | $272,700 |
| Median property tax | $7,809 | $6,749 |
| Effective tax rate | 2.363% | 2.475% |
| Median gross rent | $2,455 | $1,325 |
| Population | 1,023 | 274,704 |
The weather behind that power bill
Cologne sits in Atlantic County, which averages a high of 86.6°F in its hottest month and a low of 25.1°F in its coldest, with 45.96" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,136 cooling and 4,701 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Atlantic County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Atlantic County
Full Atlantic County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Cologne?
A $331,000 home in Cologne, New Jersey costs approximately $2,988 per month with 20% down at 6.66%. That is $1,702 principal and interest, $652 property tax, $81 homeowners insurance, $277 utilities and $276 set aside for maintenance.
What is the property tax rate in Cologne?
Cologne has an effective property tax rate of 2.363%, based on a median home value of $330,500 and median real estate taxes of $7,809. That is lower than the Atlantic County average of 2.475%.
What is the average home price in Cologne?
The median owner-occupied home value in Cologne, New Jersey is $330,500, against $272,700 across Atlantic County.
Is it cheaper to rent or buy in Cologne?
Median gross rent in Cologne is $2,455 a month, against $2,988 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 Cologne — 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.