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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Bay Head, NJ Housing Affordability Index

Bay Head, New Jersey has an MBR Housing Affordability Index score of 64.0 (Significantly Less Affordable) as of October 30, 2026, ranking 428th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $1,864,000 home with 20% down, a jumbo loan at 7.52% means a monthly principal and interest payment of about $10,443, or 69% of the city’s $181,667 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Bay Head is updated every night from live New Jersey mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Bay Head MBR-HAI 64.0 Significantly Less Affordable
Rank in New Jersey 428 of 455 1 = most affordable
New Jersey 83.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New Jersey lenders
Median home value $1,864,000 U.S. Census Bureau

Bay Head is 19.5 points below the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Bay Head Mortgage Rates

What It Takes to Buy in Bay Head

$10,443/mo
Principal & Interest
Median home, 20% down, 7.52% jumbo
$447,600
Income Needed
To keep the payment at 28% of income
$181,667
Median Household Income
New Jersey: $103,556
10.3x
Price-to-Income Ratio
New Jersey: 4.4x
$2,784/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,741/yr
Median Property Tax
New Jersey figure
27.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Bay Head, New Jersey. The rate is the New Jersey average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

Cite the Bay Head Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Bay Head, New Jersey score: 64.0 (Significantly Less Affordable), ranked 428 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/bay-head”