How much house can I afford on $300,000 in New Jersey?
About $946,000 with 20% down ($772,000 with an FHA loan), using New Jersey's 1.82% property tax rate.
That is $371,290 more than the typical New Jersey home ($575,123), so a $300,000 salary can buy a typical home here. The payment of $7,000 covers $5,093 principal and interest, $1,434 property tax and $473 insurance.
Counties in New Jersey you can afford on $300,000
21 of 21 counties have a typical home value at or below $946,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cape May County | $813,005 | +9.6% | 1.22% |
| Monmouth County | $786,951 | +7.2% | 1.65% |
| Bergen County | $780,357 | +7.1% | 1.61% |
| Morris County | $701,797 | +3.9% | 1.72% |
| Essex County | $658,593 | +3.8% | 1.91% |
| Somerset County | $656,346 | +2.7% | 1.81% |
| Hudson County | $636,059 | +1.5% | 1.77% |
| 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 $300,000 in New Jersey?
About $946,000 with 20% down at 7.11%, keeping the payment (with New Jersey's 1.82% property tax and insurance) under $7,000 a month.
Is $300,000 enough to buy a house in New Jersey?
Yes: the typical New Jersey home is worth $575,123 (Zillow, September 2026) and $300,000 supports about $946,000. 21 of 21 counties are within budget.