Total monthly cost of ownership
Cost to Own a Home in West Long Branch, New Jersey
A $631,000 home here costs
$5,184per 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 $222,000 a year.
A standard mortgage calculator would have told you $3,440. The real number is $1,744 higher every month, 51% more than the payment most buyers budget for.
Compare Monmouth 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.
West Long Branch against Monmouth County and New Jersey
| Measure | West Long Branch | Monmouth County |
|---|---|---|
| Median home value | $631,300 | $566,500 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 1.584% | 1.765% |
| Median gross rent | $1,936 | $1,771 |
| Population | 8,576 | 643,615 |
The weather behind that power bill
West Long Branch 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 $163 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
Talk to someone who works this market
These are West Long Branch 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 West Long Branch every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in West Long Branch I already own here and may sell
Common questions
How much does it cost to own a home in West Long Branch?
A $631,000 home in West Long Branch, New Jersey costs approximately $5,184 per month with 20% down at 7.24%. That is $3,440 principal and interest, $833 property tax, $155 homeowners insurance, $231 utilities and $526 set aside for maintenance.
What is the property tax rate in West Long Branch?
West Long Branch has an effective property tax rate of 1.584%, based on a median home value of $631,300 and median real estate taxes of $10,001. That is lower than the Monmouth County average of 1.765%.
What is the average home price in West Long Branch?
The median owner-occupied home value in West Long Branch, New Jersey is $631,300, against $566,500 across Monmouth County.
Is it cheaper to rent or buy in West Long Branch?
Median gross rent in West Long Branch is $1,936 a month, against $5,184 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 West Long Branch?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Long Branch, New Jersey at today's rate takes a household income of roughly $222,000 a year. That covers the full $5,184 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Long Branch, 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.