Total monthly cost of ownership
Cost to Own a Home in Sunset Lake, New Jersey
A $539,000 home here costs
$4,317per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,771. The real number is $1,546 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.
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 $209 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
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 $4,317 per month with 20% down at 6.66%. That is $2,771 principal and interest, $688 property tax, $132 homeowners insurance, $277 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.
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.