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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

North Caldwell, NJ Housing Affordability Index

North Caldwell, New Jersey has an MBR Housing Affordability Index score of 83.6 (Moderately Less Affordable) as of October 30, 2026, ranking 305th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $904,500 home with 20% down, the New Jersey average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $4,944, or 28% of the city’s $208,245 median household income.

The MBR Housing Affordability Index (MBR-HAI) for North Caldwell 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.

North Caldwell MBR-HAI 83.6 Moderately Less Affordable
Rank in New Jersey 305 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 $904,500 U.S. Census Bureau

North Caldwell is 0.2 points above the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View North Caldwell Mortgage Rates

What It Takes to Buy in North Caldwell

$4,944/mo
Principal & Interest
Median home, 20% down, 7.27%
$211,900
Income Needed
To keep the payment at 28% of income
$208,245
Median Household Income
New Jersey: $103,556
4.3x
Price-to-Income Ratio
New Jersey: 4.4x
$3,467/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,741/yr
Median Property Tax
New Jersey figure
43.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
76.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the North Caldwell Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. North Caldwell, New Jersey score: 83.6 (Moderately Less Affordable), ranked 305 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/north-caldwell”