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Great Meadows

Learn about the people, housing, costs and businesses in Great Meadows, New Jersey

Median Home$390,100
Median Rent$1,603/month
Population309
Leading IndustriesProfessional Services · Education · Healthcare5% professional services
Home Value Growth⬆⬆⬆+21.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Great Meadows
NJ

Frequently Asked Questions

What are today's mortgage rates in Great Meadows?

As of today, the 30-year fixed mortgage rate for Great Meadows is approximately 6.902% (6.938% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Great Meadows?

The median home value in Great Meadows is $390k. The median monthly rent is $1,603. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Meadows?

Home values in Great Meadows have increased 21.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Great Meadows?

Based on a typical all-in ownership cost of $2,048/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Meadows is $92k/year.

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What industries drive the economy in Great Meadows?

The largest employment sectors in Great Meadows are public administration (23%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.