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Rumson

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

Median Home$1,651,050
Median Rent$3,501/month
Population7,241
Leading IndustriesEducation · Professional Services · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆+17.0% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$250k/year · top 1% nationally
NotableHighly Educated49% bachelor's · 22% graduate · top 1% nationally
Rumson
NJ

Frequently Asked Questions

What are today's mortgage rates in Rumson?

As of today, the 30-year fixed mortgage rate for Rumson is approximately 6.998% (7.030% 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 Rumson?

The median home value in Rumson is $1.7M. The median monthly rent is $3,501. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rumson?

Home values in Rumson have increased 17.0% 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 Rumson?

Based on a typical all-in ownership cost of $3,828/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $164k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rumson is $250k/year.

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What industries drive the economy in Rumson?

The largest employment sectors in Rumson are public administration (19%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.