Quick facts: Mullica hill, NJ

Quick Facts

112.9
Cost of Living
above US average
4,454
Population
5.61
Crime Rate per 1000
below US average
$123,265
Median Income
above US average
$635,574
Median House Price
above US average
$2490.0
Average Rent
above US average
4%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $123,265.

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Income Needed to Buy

βœ— Stretch
$199k/year
Based on $635,574 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $199k vs median $123,265
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Income Needed to Rent

βœ“ Affordable
$107k/year
Based on $2490.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($123,265) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mullica hill, NJ

Mullica Hill is a charming unincorporated community located within Harrison Township, Gloucester County, New Jersey. Known for its rural ambiance, historic homes, and small-town charm, Mullica Hill has been growing in popularity while retaining a tight-knit community feel. The town boasts a rich history, with many buildings dating back to the 18th century, showcasing stunning architecture and a quaint main street. The area is home to several antique shops, boutiques, and local eateries, offering visitors an authentic slice of small-town life. Outdoor enthusiasts will appreciate the scenic landscapes surrounding Mullica Hill, including parks and open spaces perfect for leisurely activities. The community also engages in various local events, particularly the annual Mullica Hill Summer Fest, which features arts, crafts, food vendors, and live entertainment. Located just a short drive from Philadelphia and other urban centers, Mullica Hill provides a convenient escape while still having access to metropolitan amenities. It’s a perfect blend of historical charm and modern living, making it an attractive place for families and individuals alike.

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