Total monthly cost of ownership
Cost to Own a Home in Swedesboro, New Jersey
A $248,000 home here costs
$2,514per 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 $107,500 a year.
A standard mortgage calculator would have told you $1,352. The real number is $1,162 higher every month, 86% more than the payment most buyers budget for.
Compare Gloucester County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Swedesboro from a five-year rolling sample, and with about 2,720 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 Gloucester 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.
Swedesboro against Gloucester County and New Jersey
| Measure | Swedesboro | Gloucester County |
|---|---|---|
| Median home value | $247,500 | $283,500 |
| Median property tax | $7,943 | $7,964 |
| Effective tax rate | 3.209% | 2.809% |
| Median gross rent | $1,461 | $1,480 |
| Population | 2,720 | 304,504 |
The weather behind that power bill
Swedesboro sits in Gloucester County, which averages a high of 87.8°F in its hottest month and a low of 26.0°F in its coldest, with 44.11" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,358 cooling and 4,510 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Gloucester County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gloucester County
Full Gloucester County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Swedesboro 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 Swedesboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Swedesboro I already own here and may sell
Common questions
How much does it cost to own a home in Swedesboro?
A $248,000 home in Swedesboro, New Jersey costs approximately $2,514 per month with 20% down at 7.24%. That is $1,352 principal and interest, $663 property tax, $61 homeowners insurance, $231 utilities and $207 set aside for maintenance.
What is the property tax rate in Swedesboro?
Swedesboro has an effective property tax rate of 3.209%, based on a median home value of $247,500 and median real estate taxes of $7,943. That is higher than the Gloucester County average of 2.809%.
What is the average home price in Swedesboro?
The median owner-occupied home value in Swedesboro, New Jersey is $247,500, against $283,500 across Gloucester County.
Is it cheaper to rent or buy in Swedesboro?
Median gross rent in Swedesboro is $1,461 a month, against $2,514 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Swedesboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Swedesboro, New Jersey at today's rate takes a household income of roughly $107,500 a year. That covers the full $2,514 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Swedesboro, 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.