How much house can I afford on $200,000 in New Jersey?
About $631,000 with 20% down ($515,000 with an FHA loan), using New Jersey's 1.82% property tax rate.
That is $55,819 more than the typical New Jersey home ($575,123), so a $200,000 salary can buy a typical home here. The payment of $4,667 covers $3,396 principal and interest, $956 property tax and $315 insurance.
Counties in New Jersey you can afford on $200,000
14 of 21 counties have a typical home value at or below $631,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Union County | $627,890 | +2.3% | 1.89% |
| Hunterdon County | $627,345 | +3.0% | 1.93% |
| Passaic County | $597,668 | +4.5% | 2.18% |
| Middlesex County | $579,852 | +3.1% | 2.1% |
| Ocean County | $551,299 | +4.8% | 1.65% |
| Sussex County | $445,283 | +2.7% | 2.32% |
| Mercer County | $439,984 | +0.2% | 2.36% |
| Burlington County | $418,637 | +2.2% | 2.26% |
| Warren County | $417,688 | +1.7% | 2.34% |
| Atlantic County | $383,102 | +4.0% | 2.3% |
| Gloucester County | $381,762 | +4.0% | 2.6% |
| Camden County | $353,585 | +4.2% | 2.83% |
| Salem County | $297,450 | +3.1% | 2.93% |
| Cumberland County | $273,036 | +0.9% | 2.28% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.82% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in New Jersey
Frequently asked questions
How much house can I afford on $200,000 in New Jersey?
About $631,000 with 20% down at 7.11%, keeping the payment (with New Jersey's 1.82% property tax and insurance) under $4,667 a month.
Is $200,000 enough to buy a house in New Jersey?
Yes: the typical New Jersey home is worth $575,123 (Zillow, September 2026) and $200,000 supports about $631,000. 14 of 21 counties are within budget.