Total monthly cost of ownership
Cost to Own a Home in Silver Ridge, New Jersey
A $213,000 home here costs
$1,818per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,095. The real number is $723 higher every month — 66% 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.
Silver Ridge against Ocean County and New Jersey
| Measure | Silver Ridge | Ocean County |
|---|---|---|
| Median home value | $213,100 | $366,600 |
| Median property tax | $2,591 | $6,499 |
| Effective tax rate | 1.216% | 1.773% |
| Median gross rent | — | $1,702 |
| Population | 1,176 | 646,434 |
The weather behind that power bill
Silver Ridge 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 Silver Ridge?
A $213,000 home in Silver Ridge, New Jersey costs approximately $1,818 per month with 20% down at 6.66%. That is $1,095 principal and interest, $216 property tax, $52 homeowners insurance, $277 utilities and $178 set aside for maintenance.
What is the property tax rate in Silver Ridge?
Silver Ridge has an effective property tax rate of 1.216%, based on a median home value of $213,100 and median real estate taxes of $2,591. That is lower than the Ocean County average of 1.773%.
What is the average home price in Silver Ridge?
The median owner-occupied home value in Silver Ridge, New Jersey is $213,100, against $366,600 across Ocean County.
Is it cheaper to rent or buy in Silver Ridge?
Rent data is not published for Silver Ridge at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Silver Ridge — 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.