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Sewaren

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

Median Home$430,400
Median Rent$1,396/month
Population3,084
Leading IndustryRetail17% of local workforce
Home Value Growth⬆⬆⬆+36.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableHigh Incomes$109k/year · top 13% nationally
Sewaren
NJ

Frequently Asked Questions

What are today's mortgage rates in Sewaren?

As of today, the 30-year fixed mortgage rate for Sewaren is approximately 6.980% (7.019% 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 Sewaren?

The median home value in Sewaren is $430k. The median monthly rent is $1,396. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sewaren?

Home values in Sewaren have increased 36.6% 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 Sewaren?

Based on a typical all-in ownership cost of $2,028/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 Sewaren is $109k/year.

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What industries drive the economy in Sewaren?

The largest employment sectors in Sewaren are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.