Owner-occupied homes in New Jersey make up 65 percent of all households, according to the U.S. Census Department. That’s slightly more than the country at large, which is 64.4 percent.
The median value of that New Jersey home is $319,900. That is significantly higher than the national rate of $175,700. Median monthly costs, including mortgage, are $2,248. And 90 percent of New Jerseyans have lived in their homes for at least one year.
Meanwhile, the average rent in New Jersey is $1,188, while the average rate nationally is $920.