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Rockaway

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

Median Home$448,100
Median Rent$1,587/month
Population6,613
Leading IndustriesFinance & Insurance · Information & Media · Professional Services7% finance & insurance
Home Value Growth⬆⬆⬆+24.0% over 2 years
Retirees21% of residentsnear the national average
Homeowners60% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHigh Incomes$107k/year · top 13% nationally
Rockaway
NJ

Frequently Asked Questions

What are today's mortgage rates in Rockaway?

As of today, the 30-year fixed mortgage rate for Rockaway is approximately 6.872% (6.907% 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 Rockaway?

The median home value in Rockaway is $448k. The median monthly rent is $1,587. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rockaway?

Home values in Rockaway have increased 24.0% 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 Rockaway?

Based on a typical all-in ownership cost of $1,868/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rockaway is $107k/year.

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What industries drive the economy in Rockaway?

The largest employment sectors in Rockaway are public administration (18%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.