Total monthly cost of ownership
Cost to Own a Home in Gouldtown, New Jersey
A $180,000 home here costs
$1,789per 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 $76,500 a year.
A standard mortgage calculator would have told you $981. The real number is $808 higher every month, 82% more than the payment most buyers budget for.
Compare Cumberland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gouldtown from a five-year rolling sample, and with about 1,555 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 Cumberland 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.
Gouldtown against Cumberland County and New Jersey
| Measure | Gouldtown | Cumberland County |
|---|---|---|
| Median home value | $179,800 | $205,600 |
| Median property tax | $4,591 | $5,048 |
| Effective tax rate | 2.553% | 2.455% |
| Median gross rent | $1,252 | $1,254 |
| Population | 1,555 | 152,915 |
The weather behind that power bill
Gouldtown 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 $163 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
Talk to someone who works this market
These are Gouldtown 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 Gouldtown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gouldtown I already own here and may sell
Common questions
How much does it cost to own a home in Gouldtown?
A $180,000 home in Gouldtown, New Jersey costs approximately $1,789 per month with 20% down at 7.24%. That is $981 principal and interest, $383 property tax, $44 homeowners insurance, $231 utilities and $150 set aside for maintenance.
What is the property tax rate in Gouldtown?
Gouldtown has an effective property tax rate of 2.553%, based on a median home value of $179,800 and median real estate taxes of $4,591. That is higher than the Cumberland County average of 2.455%.
What is the average home price in Gouldtown?
The median owner-occupied home value in Gouldtown, New Jersey is $179,800, against $205,600 across Cumberland County.
Is it cheaper to rent or buy in Gouldtown?
Median gross rent in Gouldtown is $1,252 a month, against $1,789 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 Gouldtown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gouldtown, New Jersey at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,789 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gouldtown, 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.