Total monthly cost of ownership
Cost to Own a Home in Pines Lake, New Jersey
A $613,000 home here costs
$4,923per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,151. The real number is $1,772 higher every month — 56% 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.
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 $209 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
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 $4,923 per month with 20% down at 6.66%. That is $3,151 principal and interest, $834 property tax, $150 homeowners insurance, $277 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.
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.