Total monthly cost of ownership
Cost to Own a Home in Crestwood Village, New Jersey
A $96,000 home here costs
$1,005per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $511 higher every month — 104% 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.
Crestwood Village against Ocean County and New Jersey
| Measure | Crestwood Village | Ocean County |
|---|---|---|
| Median home value | $95,700 | $366,600 |
| Median property tax | $1,562 | $6,499 |
| Effective tax rate | 1.632% | 1.773% |
| Median gross rent | $1,236 | $1,702 |
| Population | 7,951 | 646,434 |
The weather behind that power bill
Crestwood Village sits in Ocean County, which averages a high of 85.5°F in its hottest month and a low of 21.7°F in its coldest, with 52.04" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 861 cooling and 5,328 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Ocean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ocean County
Full Ocean County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Crestwood Village?
A $96,000 home in Crestwood Village, New Jersey costs approximately $1,005 per month with 20% down at 6.66%. That is $494 principal and interest, $131 property tax, $24 homeowners insurance, $277 utilities and $80 set aside for maintenance.
What is the property tax rate in Crestwood Village?
Crestwood Village has an effective property tax rate of 1.632%, based on a median home value of $95,700 and median real estate taxes of $1,562. That is lower than the Ocean County average of 1.773%.
What is the average home price in Crestwood Village?
The median owner-occupied home value in Crestwood Village, New Jersey is $95,700, against $366,600 across Ocean County.
Is it cheaper to rent or buy in Crestwood Village?
Median gross rent in Crestwood Village is $1,236 a month, against $1,005 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Crestwood Village — 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.