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Newfield

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

Median Home$259,400
Median Rent$1,510/month
Population1,844
Leading IndustriesEducation · Wholesale Trade · Public Administration7% education
Home Value Growth⬆⬆⬆+22.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$104k/year · top 15% nationally
NotableHighly Educated25% bachelor's · 12% graduate · top 18% nationally
Newfield
NJ

Frequently Asked Questions

What are today's mortgage rates in Newfield?

As of today, the 30-year fixed mortgage rate for Newfield is approximately 6.950% (6.988% 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 Newfield?

The median home value in Newfield is $259k. The median monthly rent is $1,510. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newfield?

Home values in Newfield have increased 22.5% 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 Newfield?

Based on a typical all-in ownership cost of $1,695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newfield is $104k/year.

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What industries drive the economy in Newfield?

The largest employment sectors in Newfield are public administration (28%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.