Total monthly cost of ownership
Cost to Own a Home in Vauxhall, New Jersey
A $354,000 home here costs
$3,181per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $136,500 a year.
A standard mortgage calculator would have told you $1,961. The real number is $1,221 higher every month, 62% more than the payment most buyers budget for.
Compare Essex County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Vauxhall against Essex County and New Jersey
| Measure | Vauxhall | Essex County |
|---|---|---|
| Median home value | $354,300 | $494,400 |
| Median property tax | $7,255 | $10,001 |
| Effective tax rate | 2.048% | 2.023% |
| Median gross rent | $1,853 | $1,459 |
| Population | 5,875 | 854,130 |
Vauxhall extends across 2 counties. Figures here use Essex County, where most of its housing sits.
The weather behind that power bill
Vauxhall sits in Essex County, which averages a high of 85.2°F in its hottest month and a low of 22.9°F in its coldest, with 44.88" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 973 cooling and 5,272 heating degree days, which is what sets the $167 electricity line above.
See the full climate breakdown for Essex County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Essex County
Full Essex County cost breakdown · Every county in New Jersey
Talk to someone who works this market
These are Vauxhall 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 Vauxhall every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Vauxhall I already own here and may sell
Common questions
How much does it cost to own a home in Vauxhall?
A $354,000 home in Vauxhall, New Jersey costs approximately $3,181 per month with 20% down at 7.4%. That is $1,961 principal and interest, $604 property tax, $87 homeowners insurance, $235 utilities and $295 set aside for maintenance.
What is the property tax rate in Vauxhall?
Vauxhall has an effective property tax rate of 2.048%, based on a median home value of $354,300 and median real estate taxes of $7,255. That is higher than the Essex County average of 2.023%.
What is the average home price in Vauxhall?
The median owner-occupied home value in Vauxhall, New Jersey is $354,300, against $494,400 across Essex County.
Is it cheaper to rent or buy in Vauxhall?
Median gross rent in Vauxhall is $1,853 a month, against $3,181 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 Vauxhall?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Vauxhall, New Jersey at today's rate takes a household income of roughly $136,500 a year. That covers the full $3,181 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Vauxhall, 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.