Town guides » New Jersey

Buying a home in Hawthorne, NJ

What homes cost in Hawthorne: value, property taxes, and rents from Census survey data, plus the statewide costs that come with the purchase.

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The Hawthorne numbers

Census ACS 5-year medians (2019 to 2023) for Hawthorne itself, not the county or the state.

MeasureMedian
Population19,472
Median home valueabout $888,888
Median property taxes paidabout $88,888 per year ($888 per month)
Effective tax rate (taxes / value)about 8.88%
Median gross rentabout $8,888 per month

Taxes paid reflect what current owners actually pay, including exemptions and long-held assessments. A new purchase can be reassessed at the sale price, so budget off the rate, not the median bill.

Statewide costs in New Jersey

Typical figures across the state; town-specific values vary.

Homeowners insurance

Baseline premiums in New Jersey run about $888 per $100,000 of dwelling coverage per year. Your actual quote moves with the home's age, roof, claims history, and deductible.

Worth checking: coastal exposure pushes premiums roughly 88% above inland baselines.

Closing costs

Buyer-side itemEstimate
Buyer's attorney (typical)$8,888
Owner's title insurance on $600,000about $8,888
Recording fees$888
Example subtotalabout $8,888

Transfer tax runs $88.88 per $1,000 of sale price, customarily paid by the seller. A mansion tax of 8% applies above $8,888,888.

Lender fees, prepaid taxes and insurance, and escrows come on top. Your loan estimate is the binding number.

FHA loan limits (2026)

The most an FHA-insured mortgage can lend here, set by HUD per county and refreshed each January.

Property sizeLimit
1 unit$541,287
2 units$693,050
3 units$837,700
4 units$1,041,125

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Source: US Census Bureau, American Community Survey 5-year estimates (2019 to 2023), tables B25077, B25103, B25064, B01003, via data.census.gov. Survey medians carry a margin of error, especially in small towns. All figures are estimates for planning, not quotes. Confirm with the town, your lender, and your insurance agent before relying on them.