Total monthly cost of ownership
Cost to Own a Home in Union Beach, New Jersey
A $453,000 home here costs
$3,891per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,329. The real number is $1,562 higher every month — 67% 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.
Union Beach against Monmouth County and New Jersey
| Measure | Union Beach | Monmouth County |
|---|---|---|
| Median home value | $452,900 | $566,500 |
| Median property tax | $9,552 | $10,001 |
| Effective tax rate | 2.109% | 1.765% |
| Median gross rent | $1,957 | $1,771 |
| Population | 5,722 | 643,615 |
The weather behind that power bill
Union Beach sits in Monmouth County, which averages a high of 86.5°F in its hottest month and a low of 22.9°F in its coldest, with 48.57" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,017 cooling and 4,988 heating degree days, which is what sets the $209 electricity line above.
See the full climate breakdown for Monmouth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monmouth County
Full Monmouth County cost breakdown · Every county in New Jersey
Common questions
How much does it cost to own a home in Union Beach?
A $453,000 home in Union Beach, New Jersey costs approximately $3,891 per month with 20% down at 6.66%. That is $2,329 principal and interest, $796 property tax, $111 homeowners insurance, $277 utilities and $378 set aside for maintenance.
What is the property tax rate in Union Beach?
Union Beach has an effective property tax rate of 2.109%, based on a median home value of $452,900 and median real estate taxes of $9,552. That is higher than the Monmouth County average of 1.765%.
What is the average home price in Union Beach?
The median owner-occupied home value in Union Beach, New Jersey is $452,900, against $566,500 across Monmouth County.
Is it cheaper to rent or buy in Union Beach?
Median gross rent in Union Beach is $1,957 a month, against $3,891 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 Union Beach — 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.