Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hoboken, New Jersey.
Pre-filled with Hoboken 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 Hoboken prices.
The median home price in Hoboken is $725,000, 44% above the New Jersey state median of $505,000. With a population of 60,419, Hoboken is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in New Jersey average 2.47% annually. This higher-than-average tax rate means a $725,000 home in Hoboken would carry roughly $1,492/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 Hoboken is $3,050/month. The price-to-rent ratio in Hoboken is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hoboken is a higher-cost market. At $725K median, buyers need significant savings or strong income. Down payment assistance through New Jersey's NJHMFA DPA Program program becomes especially important.