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Mount Royal

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

Median Home$372,400
Population798
Leading IndustriesManufacturing · Transportation1% manufacturing
Home Value Growth⬆⬆+18.0% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners98% of occupied units
NotableTransit87/100 · excellent transit access
NotableHigh Incomes$133k/year · top 6% nationally
Mount Royal
NJ

Frequently Asked Questions

What are today's mortgage rates in Mount Royal?

As of today, the 30-year fixed mortgage rate for Mount Royal is approximately 6.979% (7.018% 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 Mount Royal?

The median home value in Mount Royal is $372k. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Royal?

Home values in Mount Royal have increased 18.0% 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 Mount Royal?

Based on a typical all-in ownership cost of $2,304/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $99k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Royal is $133k/year.

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What industries drive the economy in Mount Royal?

The largest employment sectors in Mount Royal are public administration (24%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.