Mortgage payment estimates, closing cost breakdowns, and homebuying data for Millville, New Jersey.
Pre-filled with Millville 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 Millville prices.
The median home price in Millville is $225,000, 55% below the New Jersey state median of $505,000. With a population of 28,400, Millville 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 $225,000 home in Millville would carry roughly $463/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 Millville is $1,120/month. The price-to-rent ratio in Millville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Millville 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.