Mortgage payment estimates, closing cost breakdowns, and homebuying data for Vineland, New Jersey.
Median Home Price
$245K
Population
61K
Avg Monthly Rent
$1,220
Property Tax Rate
2.47% *
* Property tax shown is the New Jersey state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Vineland.
Vineland vs New Jersey Median
The median home price in Vineland is $245,000, which is 51% below the New Jersey state median of $505,000.
Mortgage Calculator — Vineland, NJ
Pre-filled with Vineland median home price and New Jersey tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using New Jersey's 2.47% tax rate and $1,500/yr insurance.
5% Down
$2,236/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $504
Insurance: $125
PMI: $136
10% Down
$2,152/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $504
Insurance: $125
PMI: $129
20% Down (No PMI)
$1,868/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $504
Insurance: $125
Income needed (28% rule): $80K/year with 20% down, $92K/year with 10% down.
Rent vs Buy in Vineland
Rent
$1,220/mo
vs
Buy (10% down)
$2,152/mo
Price-to-rent ratio: 16.7 — A ratio between 15-20 means the rent vs buy decision in Vineland depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Vineland is $245,000, 51% below the New Jersey state median of $505,000. With a population of 60,724, Vineland is a smaller market where home prices tend to be more accessible than in many parts of New Jersey.
Property taxes in New Jersey average 2.47% annually. This higher-than-average tax rate means a $245,000 home in Vineland would carry roughly $504/month in property taxes alone — plan accordingly. Homeowners insurance in New Jersey runs approximately $1,500 per year. This is within the normal range nationally.
Average rent in Vineland is $1,220/month. The price-to-rent ratio in Vineland is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Vineland offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New Jersey's NJHMFA DPA Program program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Vineland.