Mortgage payment estimates, closing cost breakdowns, and homebuying data for Atlantic City, New Jersey.
Pre-filled with Atlantic City median home price and New Jersey tax/insurance rates. Adjust for your property.
Estimated closing costs based on New Jersey rates and fees applied to Atlantic City prices.
The median home price in Atlantic City is $195,000, 61% below the New Jersey state median of $505,000. With a population of 38,497, Atlantic City is a smaller market where home prices tend to be more accessible than in many parts of New Jersey.
Property taxes in New Jersey average 2.47% annually. This higher-than-average tax rate means a $195,000 home in Atlantic City would carry roughly $401/month in property taxes alone — plan accordingly. Homeowners insurance in New Jersey runs approximately $1,500 per year. This is within the normal range nationally.
Average rent in Atlantic City is $1,150/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Atlantic City over the long term.
Atlantic City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New Jersey's NJHMFA DPA Program program.