Total monthly cost of ownership
Cost to Own a Home in Estell Manor, New Jersey
A $288,000 home here costs
$2,574per 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 $110,500 a year.
A standard mortgage calculator would have told you $1,570. The real number is $1,004 higher every month, 64% more than the payment most buyers budget for.
Compare Atlantic County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Estell Manor from a five-year rolling sample, and with about 1,612 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 Atlantic 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.
Estell Manor against Atlantic County and New Jersey
| Measure | Estell Manor | Atlantic County |
|---|---|---|
| Median home value | $288,200 | $272,700 |
| Median property tax | $5,550 | $6,749 |
| Effective tax rate | 1.926% | 2.475% |
| Median gross rent | $1,558 | $1,325 |
| Population | 1,612 | 274,704 |
The weather behind that power bill
Estell Manor 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 $163 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
Talk to someone who works this market
These are Estell Manor 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 Estell Manor every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Estell Manor I already own here and may sell
Common questions
How much does it cost to own a home in Estell Manor?
A $288,000 home in Estell Manor, New Jersey costs approximately $2,574 per month with 20% down at 7.24%. That is $1,570 principal and interest, $462 property tax, $71 homeowners insurance, $231 utilities and $240 set aside for maintenance.
What is the property tax rate in Estell Manor?
Estell Manor has an effective property tax rate of 1.926%, based on a median home value of $288,200 and median real estate taxes of $5,550. That is lower than the Atlantic County average of 2.475%.
What is the average home price in Estell Manor?
The median owner-occupied home value in Estell Manor, New Jersey is $288,200, against $272,700 across Atlantic County.
Is it cheaper to rent or buy in Estell Manor?
Median gross rent in Estell Manor is $1,558 a month, against $2,574 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Estell Manor?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Estell Manor, New Jersey at today's rate takes a household income of roughly $110,500 a year. That covers the full $2,574 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Estell Manor, 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.