Total monthly cost of ownership
Cost to Own a Home in Sunset Lake, New Jersey
A $539,000 home here costs
$4,438per 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 $190,000 a year.
A standard mortgage calculator would have told you $2,939. The real number is $1,500 higher every month, 51% more than the payment most buyers budget for.
Compare Cumberland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Sunset Lake from a five-year rolling sample, and with about 1,341 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 Cumberland 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.
Sunset Lake against Cumberland County and New Jersey
| Measure | Sunset Lake | Cumberland County |
|---|---|---|
| Median home value | $539,200 | $205,600 |
| Median property tax | $8,254 | $5,048 |
| Effective tax rate | 1.531% | 2.455% |
| Median gross rent | — | $1,254 |
| Population | 1,341 | 152,915 |
The weather behind that power bill
Sunset Lake sits in Cumberland County, which averages a high of 86.1°F in its hottest month and a low of 23.8°F in its coldest, with 43.37" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,933 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Cumberland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Sunset 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 Sunset Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sunset Lake I already own here and may sell
Common questions
How much does it cost to own a home in Sunset Lake?
A $539,000 home in Sunset Lake, New Jersey costs approximately $4,438 per month with 20% down at 7.24%. That is $2,939 principal and interest, $688 property tax, $132 homeowners insurance, $231 utilities and $449 set aside for maintenance.
What is the property tax rate in Sunset Lake?
Sunset Lake has an effective property tax rate of 1.531%, based on a median home value of $539,200 and median real estate taxes of $8,254. That is lower than the Cumberland County average of 2.455%.
What is the average home price in Sunset Lake?
The median owner-occupied home value in Sunset Lake, New Jersey is $539,200, against $205,600 across Cumberland County.
Is it cheaper to rent or buy in Sunset Lake?
Rent data is not published for Sunset Lake at this level of detail.
What salary do you need to buy a home in Sunset Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sunset Lake, New Jersey at today's rate takes a household income of roughly $190,000 a year. That covers the full $4,438 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sunset 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.