Total monthly cost of ownership
Cost to Own a Home in Kingston, New Jersey
A $380,000 home here costs
$3,386per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,954. The real number is $1,433 higher every month — 73% 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.
Kingston against Middlesex County and New Jersey
| Measure | Kingston | Middlesex County |
|---|---|---|
| Median home value | $380,200 | $439,300 |
| Median property tax | $8,952 | $9,684 |
| Effective tax rate | 2.355% | 2.204% |
| Median gross rent | $1,589 | $1,810 |
| Population | 1,557 | 861,535 |
Kingston extends across 2 counties. Figures here use Middlesex County, where most of its housing sits.
The weather behind that power bill
Kingston sits in Middlesex County, which averages a high of 86.5°F in its hottest month and a low of 22.9°F in its coldest, with 49.53" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,037 cooling and 5,101 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Middlesex County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Middlesex County
Full Middlesex County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Kingston?
A $380,000 home in Kingston, New Jersey costs approximately $3,386 per month with 20% down at 6.66%. That is $1,954 principal and interest, $746 property tax, $93 homeowners insurance, $277 utilities and $317 set aside for maintenance.
What is the property tax rate in Kingston?
Kingston has an effective property tax rate of 2.355%, based on a median home value of $380,200 and median real estate taxes of $8,952. That is higher than the Middlesex County average of 2.204%.
What is the average home price in Kingston?
The median owner-occupied home value in Kingston, New Jersey is $380,200, against $439,300 across Middlesex County.
Is it cheaper to rent or buy in Kingston?
Median gross rent in Kingston is $1,589 a month, against $3,386 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 Kingston — 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.