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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

Northfield, NJ Housing Affordability Index

Northfield, New Jersey has an MBR Housing Affordability Index score of 114.0 (More Affordable Than Average) as of October 30, 2026, ranking 59th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $316,200 home with 20% down, the New Jersey average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,728, or 19% of the city’s $111,599 median household income.

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

Northfield MBR-HAI 114.0 More Affordable Than Average
Rank in New Jersey 59 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 $316,200 U.S. Census Bureau

Northfield is 30.5 points above the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Northfield Mortgage Rates

What It Takes to Buy in Northfield

$1,728/mo
Principal & Interest
Median home, 20% down, 7.27%
$74,100
Income Needed
To keep the payment at 28% of income
$111,599
Median Household Income
New Jersey: $103,556
2.8x
Price-to-Income Ratio
New Jersey: 4.4x
$1,918/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$7,929/yr
Median Property Tax
2.51% of median value
18.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
33.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Northfield Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Northfield, New Jersey score: 114.0 (More Affordable Than Average), ranked 59 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/northfield”