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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

Lakewood, NJ Housing Affordability Index

Lakewood, New Jersey has an MBR Housing Affordability Index score of 48.5 (Least Affordable) as of October 30, 2026, ranking 455th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $715,500 home with 20% down, the New Jersey average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $3,911, or 82% of the city’s $56,968 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Lakewood 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.

Lakewood MBR-HAI 48.5 Least Affordable
Rank in New Jersey 455 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 $715,500 U.S. Census Bureau

Lakewood is 34.9 points below the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Lakewood Mortgage Rates

What It Takes to Buy in Lakewood

$3,911/mo
Principal & Interest
Median home, 20% down, 7.27%
$167,600
Income Needed
To keep the payment at 28% of income
$56,968
Median Household Income
New Jersey: $103,556
12.6x
Price-to-Income Ratio
New Jersey: 4.4x
$2,699/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,741/yr
Median Property Tax
New Jersey figure
50.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
71.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Lakewood, New Jersey. The rate is the New Jersey average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Lakewood Ranks in New Jersey

Cities with similar scores
#452Deal54.3 #453East Newark53.2 #454Pluckemin51.8
#455Lakewood48.5
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Cite the Lakewood Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Lakewood, New Jersey score: 48.5 (Least Affordable), ranked 455 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/lakewood”