Total monthly cost of ownership
Cost to Own a Home in Ship Bottom, New Jersey
A $910,000 home here costs
$6,608per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,678. The real number is $1,930 higher every month — 41% 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.
Ship Bottom against Ocean County and New Jersey
| Measure | Ship Bottom | Ocean County |
|---|---|---|
| Median home value | $910,000 | $366,600 |
| Median property tax | $8,058 | $6,499 |
| Effective tax rate | 0.885% | 1.773% |
| Median gross rent | $1,422 | $1,702 |
| Population | 1,009 | 646,434 |
The weather behind that power bill
Ship Bottom sits in Ocean County, which averages a high of 85.5°F in its hottest month and a low of 21.7°F in its coldest, with 52.04" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 861 cooling and 5,328 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Ocean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ocean County
Full Ocean County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Ship Bottom?
A $910,000 home in Ship Bottom, New Jersey costs approximately $6,608 per month with 20% down at 6.66%. That is $4,678 principal and interest, $671 property tax, $223 homeowners insurance, $277 utilities and $758 set aside for maintenance.
What is the property tax rate in Ship Bottom?
Ship Bottom has an effective property tax rate of 0.885%, based on a median home value of $910,000 and median real estate taxes of $8,058. That is lower than the Ocean County average of 1.773%.
What is the average home price in Ship Bottom?
The median owner-occupied home value in Ship Bottom, New Jersey is $910,000, against $366,600 across Ocean County.
Is it cheaper to rent or buy in Ship Bottom?
Median gross rent in Ship Bottom is $1,422 a month, against $6,608 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 Ship Bottom — 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.