New Jersey real estate investing data by county
Updated 2026-11-09 · Official Census, HUD, NAIC and FHFA figures
What does it cost to own and rent in New Jersey?
Across New Jersey's 21 counties, the median county has an effective property tax rate of 2.20%, a median home value of $395,000 and a median rent of $1,553 a month. Bergen, the most populous county, has a median home value of $593,200 and a 1.69% tax rate. Property tax is lowest in Cape May (1.32%) and highest in Camden (3.08%). The average homeowners premium is $1,551 a year. On a $250,000 purchase, the Bergen rate works out to about $4,225 a year in property tax.
- Median property tax rate
- 2.20%
- Median home value
- $395,000
- Median rent / month
- $1,553
- Average insurance / year
- $1,551
Is there a transfer tax in New Jersey?
Seller Realty Transfer Fee, marginal per $500; brackets are only the schedule for total consideration over $350,000. At $350,000 or less use 40 bps to $150,000, 67 bps to $200,000, 78 bps to $350,000; senior, blind, disabled and low-income deeds have lower schedules. Above $1M a seller Graduated Percent Fee also applies to the whole price on residential property: 1% to $2M, 2% to $2.5M, 2.5% to $3M, 3% to $3.5M, 3.5% above. Rules change and exemptions exist, so confirm with your title company. NJ Division of Taxation
New Jersey property tax, home values and rent by county
Select a column heading to sort.
| Bergen | 1.69% | $10,001 | $593,200 | $1,863 | $2,771 | 8.7% | 5.7% |
|---|---|---|---|---|---|---|---|
| Middlesex | 2.20% | $9,684 | $439,300 | $1,810 | $3,125 | 10.2% | 6.5% |
| Essex | 2.02% | $10,001 | $494,400 | $1,459 | $2,785 | 9.6% | 6.5% |
| Hudson | 1.85% | $9,413 | $508,600 | $1,811 | $3,392 | 8.1% | 7.5% |
| Ocean | 1.77% | $6,499 | $366,600 | $1,702 | $2,927 | 11.6% | 7.5% |
| Monmouth | 1.77% | $10,001 | $566,500 | $1,771 | $2,927 | 10.4% | 6.9% |
| Union | 2.05% | $10,001 | $488,800 | $1,664 | $2,785 | 9.6% | 6.3% |
| Camden | 3.08% | $8,063 | $262,200 | $1,346 | $2,216 | 11.7% | 7.5% |
| Passaic | 2.28% | $10,001 | $439,400 | $1,553 | $2,771 | 9.6% | 6.5% |
| Morris | 1.80% | $10,001 | $557,000 | $1,860 | $2,785 | 8.9% | 5.3% |
| Burlington | 2.42% | $7,902 | $326,700 | $1,669 | $2,216 | 11.2% | 6.7% |
| Mercer | 2.51% | $8,804 | $351,000 | $1,515 | $2,741 | 10.9% | 6.5% |
| Somerset | 1.91% | $10,001 | $523,900 | $1,921 | $3,125 | 9.4% | 5.6% |
| Gloucester | 2.81% | $7,964 | $283,500 | $1,480 | $2,216 | 11.6% | 7.0% |
| Atlantic | 2.47% | $6,749 | $272,700 | $1,325 | $2,578 | 12.5% | 7.4% |
| Cumberland | 2.46% | $5,048 | $205,600 | $1,254 | $2,360 | 11.5% | 7.2% |
| Sussex | 2.47% | $8,462 | $342,800 | $1,503 | $2,785 | 10.7% | 6.8% |
| Hunterdon | 2.01% | $10,001 | $498,800 | $1,707 | $3,125 | 9.1% | 5.3% |
| Warren | 2.52% | $8,156 | $323,100 | $1,368 | $2,478 | 11.0% | 6.6% |
| Cape May | 1.32% | $5,233 | $395,000 | $1,345 | $2,431 | 12.3% | 8.1% |
| Salem | 3.03% | $6,757 | $223,000 | $1,185 | $2,216 | 11.1% | 6.0% |
Common questions
What is the typical property tax rate in New Jersey?
The median New Jersey county has an effective property tax rate of 2.20%, calculated from median taxes paid and median home value in the Census American Community Survey (2019-2023). Rates range from 1.32% in Cape May to 3.08% in Camden.
How much is homeowners insurance in New Jersey?
The average New Jersey HO-3 homeowners premium was $1,551 a year in 2023, according to the NAIC. That ranks 26 of 51 among the states and DC. This is a statewide average, so get a quote for the specific property.
What is fair market rent in Bergen, New Jersey?
HUD's 2027 Fair Market Rent for a three-bedroom home in Bergen is $2,771 a month, and $2,282 for a two-bedroom. HUD sets these at about the 40th percentile of rents, including utilities, so treat them as a cautious baseline.
How fast have home prices risen in New Jersey?
The median New Jersey county saw home prices rise 10.7% a year over the five years to 2025, according to the FHFA House Price Index. In Bergen, the ten-year pace was 5.7% a year. Those years include an unusually strong run, so don't assume the same pace going forward.
Where these numbers come from
Tax rate is median real estate taxes paid divided by median owner-occupied home value, ACS 2019-2023. A buyer may be reassessed higher than a long-time owner, so check the county's actual rate. Rents are HUD Fair Market Rents for 2027. Insurance is the NAIC 2023 statewide HO-3 average. Price changes are annualized from FHFA's developmental county House Price Index through 2025, and a dash means FHFA doesn't report that county. Past growth doesn't predict future growth. Updated 2026-11-09. Estimates only, not financial advice.
Run a New Jersey deal with these numbers
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