Total monthly cost of ownership
Cost to Own a Home in Mount Royal, New Jersey
A $417,000 home here costs
$3,703per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,144. The real number is $1,559 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.
Mount Royal against Gloucester County and New Jersey
| Measure | Mount Royal | Gloucester County |
|---|---|---|
| Median home value | $417,400 | $283,500 |
| Median property tax | $10,001 | $7,964 |
| Effective tax rate | 2.396% | 2.809% |
| Median gross rent | — | $1,480 |
| Population | 1,077 | 304,504 |
The weather behind that power bill
Mount Royal sits in Gloucester County, which averages a high of 87.8°F in its hottest month and a low of 26.0°F in its coldest, with 44.11" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,358 cooling and 4,510 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Gloucester County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gloucester County
Full Gloucester County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Mount Royal?
A $417,000 home in Mount Royal, New Jersey costs approximately $3,703 per month with 20% down at 6.66%. That is $2,144 principal and interest, $833 property tax, $102 homeowners insurance, $277 utilities and $348 set aside for maintenance.
What is the property tax rate in Mount Royal?
Mount Royal has an effective property tax rate of 2.396%, based on a median home value of $417,400 and median real estate taxes of $10,001. That is lower than the Gloucester County average of 2.809%.
What is the average home price in Mount Royal?
The median owner-occupied home value in Mount Royal, New Jersey is $417,400, against $283,500 across Gloucester County.
Is it cheaper to rent or buy in Mount Royal?
Rent data is not published for Mount Royal at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Royal — 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.