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Waretown

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

Median Home$416,970
Median Rent$1,937/month
Population1,452
Leading IndustryArts, Food & Hospitality8% of local workforce
Home Value Growth⬆⬆⬆+28.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners89% of occupied units
NotableHigh Incomes$101k/year · top 16% nationally
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
Waretown
NJ

Frequently Asked Questions

What are today's mortgage rates in Waretown?

As of today, the 30-year fixed mortgage rate for Waretown is approximately 6.891% (6.927% 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 Waretown?

The median home value in Waretown is $417k. The median monthly rent is $1,937. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Waretown?

Home values in Waretown have increased 28.6% 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 Waretown?

Based on a typical all-in ownership cost of $1,680/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Waretown is $101k/year.

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What industries drive the economy in Waretown?

The largest employment sectors in Waretown are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.