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Sussex County Housing Market

New Jersey · 21 counties · Ranked #2786 in home value

Above National AvgAffordable

Housing at a Glance

Median Home Value

$342,800

vs national+$342,800 vs $281,900 national

Median Gross Rent

$1,503/mo

vs national+$1,503 vs $1,163 national

Effective Tax Rate

2.47%

vs national+2.47% vs 1.02% national

Median Household Income

$114,316

vs national+$114,316 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$8,462

Tax as % of Home Value

2.47%

Monthly Owner Cost

$2,006

Renter Income

$59,325

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Sussex County?

The median home value in Sussex County is $342,800. This is above the national median of $281,900.

How much is rent in Sussex County?

The median gross rent in Sussex County is $1,503 per month.

What is the property tax rate in Sussex County?

The effective property tax rate in Sussex County is 2.47%. The median annual property tax bill is $8,462.

Is Sussex County affordable?

With a home-value-to-income ratio of 3x, Sussex County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.