Total monthly cost of ownership
Cost to Own a Home in Pemberton, New Jersey
A $303,000 home here costs
$2,656per 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 $114,000 a year.
A standard mortgage calculator would have told you $1,652. The real number is $1,004 higher every month, 61% more than the payment most buyers budget for.
Compare Burlington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pemberton from a five-year rolling sample, and with about 1,373 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 Burlington 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.
Pemberton against Burlington County and New Jersey
| Measure | Pemberton | Burlington County |
|---|---|---|
| Median home value | $303,200 | $326,700 |
| Median property tax | $5,356 | $7,902 |
| Effective tax rate | 1.766% | 2.419% |
| Median gross rent | $1,310 | $1,669 |
| Population | 1,373 | 464,226 |
The weather behind that power bill
Pemberton sits in Burlington County, which averages a high of 87.0°F in its hottest month and a low of 24.6°F in its coldest, with 42.79" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,074 cooling and 4,880 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Burlington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Burlington County
Full Burlington County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Pemberton 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 Pemberton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pemberton I already own here and may sell
Common questions
How much does it cost to own a home in Pemberton?
A $303,000 home in Pemberton, New Jersey costs approximately $2,656 per month with 20% down at 7.24%. That is $1,652 principal and interest, $446 property tax, $74 homeowners insurance, $231 utilities and $253 set aside for maintenance.
What is the property tax rate in Pemberton?
Pemberton has an effective property tax rate of 1.766%, based on a median home value of $303,200 and median real estate taxes of $5,356. That is lower than the Burlington County average of 2.419%.
What is the average home price in Pemberton?
The median owner-occupied home value in Pemberton, New Jersey is $303,200, against $326,700 across Burlington County.
Is it cheaper to rent or buy in Pemberton?
Median gross rent in Pemberton is $1,310 a month, against $2,656 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 Pemberton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pemberton, New Jersey at today's rate takes a household income of roughly $114,000 a year. That covers the full $2,656 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pemberton, 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.