The median home in Monroe Township, New Jersey is valued at $615,169, up 1.7% year over year. Typical monthly rent is $2,795, producing a price-to-rent ratio of 18.3x — near the national average of 18x. Monroe Township is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: New York-Newark-Jersey City, NY-NJ-PA stress score, crash risk, and 12-month forecast →

Home Value$615,169

+1.7%

Rent$2,795/mo

AFFORDABILITY

Enter your income for Monroe Township.

Income (annual)

Down Payment

$123,034 on $615,169

Out of reach — 71.9% of income

Need $192,600/yr to afford.

PITI$4,494

P/I71.9%

Afford$240K

Gap-$376K

P&I $3,111Tax $1,266Ins $117

Renting $1,699/mo cheaper ($2,795 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in New Jersey

Compare Monroe Township with other housing markets across New Jersey.

Deal$4213K Alpine$2955K Loch Arbour$2880K Avalon$2630K Stone Harbor$2477K Bay Head$2362K Sea Girt$2305K Short Hills$2258K

Full New York-Newark-Jersey City, NY-NJ-PA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.

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MONROE TOWNSHIP, NJ