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New

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

Median Home$428,300
Median Rent$1,438/month
Population402
Leading IndustriesTransportation · Construction · Agriculture & Mining7% transportation
Home Value Growth⬆⬆+15.1% over 2 years
Retirees27% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$133k/year · top 6% nationally
New Village
NJ

Frequently Asked Questions

What are today's mortgage rates in New?

As of today, the 30-year fixed mortgage rate for New is approximately 6.845% (6.879% 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 New?

The median home value in New is $428k. The median monthly rent is $1,438. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New?

Home values in New have increased 15.1% 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 New?

Based on a typical all-in ownership cost of $2,020/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New is $133k/year.

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What industries drive the economy in New?

The largest employment sectors in New are public administration (18%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.