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Towaco

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

Median Home$728,484
Median Rent$2,414/month
Population5,565
Leading IndustriesInformation & Media · Professional Services · Retail10% information & media
Home Value Growth+9.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners96% of occupied units
NotableHigh Incomes$212k/year · top 1% nationally
Towaco
NJ

Frequently Asked Questions

What are today's mortgage rates in Towaco?

As of today, the 30-year fixed mortgage rate for Towaco is approximately 6.890% (6.926% 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 Towaco?

The median home value in Towaco is $728k. The median monthly rent is $2,414. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Towaco?

Home values in Towaco have increased 9.9% over the past two years. This represents moderate growth. 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 Towaco?

Based on a typical all-in ownership cost of $3,009/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $129k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Towaco is $212k/year.

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What industries drive the economy in Towaco?

The largest employment sectors in Towaco are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.