Total monthly cost of ownership
Cost to Own a Home in North Middletown, New Jersey
A $312,000 home here costs
$2,724per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,604. The real number is $1,120 higher every month — 70% 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.
North Middletown against Monmouth County and New Jersey
| Measure | North Middletown | Monmouth County |
|---|---|---|
| Median home value | $311,500 | $566,500 |
| Median property tax | $6,071 | $10,001 |
| Effective tax rate | 1.949% | 1.765% |
| Median gross rent | $2,095 | $1,771 |
| Population | 3,081 | 643,615 |
The weather behind that power bill
North Middletown sits in Monmouth County, which averages a high of 86.5°F in its hottest month and a low of 22.9°F in its coldest, with 48.57" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,017 cooling and 4,988 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Monmouth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monmouth County
Full Monmouth County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in North Middletown?
A $312,000 home in North Middletown, New Jersey costs approximately $2,724 per month with 20% down at 6.66%. That is $1,604 principal and interest, $507 property tax, $76 homeowners insurance, $277 utilities and $260 set aside for maintenance.
What is the property tax rate in North Middletown?
North Middletown has an effective property tax rate of 1.949%, based on a median home value of $311,500 and median real estate taxes of $6,071. That is higher than the Monmouth County average of 1.765%.
What is the average home price in North Middletown?
The median owner-occupied home value in North Middletown, New Jersey is $311,500, against $566,500 across Monmouth County.
Is it cheaper to rent or buy in North Middletown?
Median gross rent in North Middletown is $2,095 a month, against $2,724 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 North Middletown — 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.