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Lamington

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

Median Home$900,500
Median Rent$2,839/month
Population159
Leading IndustriesManufacturing · Arts, Food & Hospitality1% manufacturing
Home Value Growth⬆⬆+16.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners75% of occupied units
NotableTransit96/100 · excellent transit access
NotableHigh Incomes$154k/year · top 4% nationally
Lamington
NJ

Frequently Asked Questions

What are today's mortgage rates in Lamington?

As of today, the 30-year fixed mortgage rate for Lamington is approximately 6.974% (7.013% 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 Lamington?

The median home value in Lamington is $901k. The median monthly rent is $2,839. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamington?

Home values in Lamington have increased 16.1% 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 Lamington?

Based on a typical all-in ownership cost of $2,779/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $119k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamington is $154k/year.

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What industries drive the economy in Lamington?

The largest employment sectors in Lamington are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.