Total monthly cost of ownership
Cost to Own a Home in Sea Isle City, New Jersey
A $1,020,000 home here costs
$7,341per 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 $314,500 a year.
A standard mortgage calculator would have told you $5,561. The real number is $1,780 higher every month, 32% more than the payment most buyers budget for.
Compare Cape May County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Sea Isle City from a five-year rolling sample, and with about 2,079 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 Cape May 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.
Sea Isle City against Cape May County and New Jersey
| Measure | Sea Isle City | Cape May County |
|---|---|---|
| Median home value | $1,019,500 | $395,000 |
| Median property tax | $5,382 | $5,233 |
| Effective tax rate | 0.528% | 1.325% |
| Median gross rent | — | $1,345 |
| Population | 2,079 | 95,236 |
The weather behind that power bill
Sea Isle City sits in Cape May County, which averages a high of 85.5°F in its hottest month and a low of 28.5°F in its coldest, with 43.84" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,176 cooling and 4,332 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Cape May County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cape May County
Full Cape May County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Sea Isle City 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 Sea Isle City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sea Isle City I already own here and may sell
Common questions
How much does it cost to own a home in Sea Isle City?
A $1,020,000 home in Sea Isle City, New Jersey costs approximately $7,341 per month with 20% down at 7.24%. That is $5,561 principal and interest, $449 property tax, $250 homeowners insurance, $231 utilities and $850 set aside for maintenance.
What is the property tax rate in Sea Isle City?
Sea Isle City has an effective property tax rate of 0.528%, based on a median home value of $1,019,500 and median real estate taxes of $5,382. That is lower than the Cape May County average of 1.325%.
What is the average home price in Sea Isle City?
The median owner-occupied home value in Sea Isle City, New Jersey is $1,019,500, against $395,000 across Cape May County.
Is it cheaper to rent or buy in Sea Isle City?
Rent data is not published for Sea Isle City at this level of detail.
What salary do you need to buy a home in Sea Isle City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sea Isle City, New Jersey at today's rate takes a household income of roughly $314,500 a year. That covers the full $7,341 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sea Isle City, 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.