Total monthly cost of ownership
Cost to Own a Home in Pines Lake, New Jersey
A $613,000 home here costs
$5,068per 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 $217,000 a year.
A standard mortgage calculator would have told you $3,342. The real number is $1,726 higher every month, 52% more than the payment most buyers budget for.
Compare Passaic County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pines Lake from a five-year rolling sample, and with about 2,989 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 Passaic 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.
Pines Lake against Passaic County and New Jersey
| Measure | Pines Lake | Passaic County |
|---|---|---|
| Median home value | $612,800 | $439,400 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 1.632% | 2.276% |
| Median gross rent | — | $1,553 |
| Population | 2,989 | 518,289 |
The weather behind that power bill
Pines Lake sits in Passaic County, which averages a high of 84.3°F in its hottest month and a low of 19.9°F in its coldest, with 48.2" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 837 cooling and 5,635 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Passaic County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Passaic County
Full Passaic County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Pines Lake 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 Pines Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pines Lake I already own here and may sell
Common questions
How much does it cost to own a home in Pines Lake?
A $613,000 home in Pines Lake, New Jersey costs approximately $5,068 per month with 20% down at 7.24%. That is $3,342 principal and interest, $834 property tax, $150 homeowners insurance, $231 utilities and $511 set aside for maintenance.
What is the property tax rate in Pines Lake?
Pines Lake has an effective property tax rate of 1.632%, based on a median home value of $612,800 and median real estate taxes of $10,001. That is lower than the Passaic County average of 2.276%.
What is the average home price in Pines Lake?
The median owner-occupied home value in Pines Lake, New Jersey is $612,800, against $439,400 across Passaic County.
Is it cheaper to rent or buy in Pines Lake?
Rent data is not published for Pines Lake at this level of detail.
What salary do you need to buy a home in Pines Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pines Lake, New Jersey at today's rate takes a household income of roughly $217,000 a year. That covers the full $5,068 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pines Lake, 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.