Quick facts: Sewell, NJ

Quick Facts

115.7
Cost of Living
above US average
19,679
Population
7.62
Crime Rate per 1000
below US average
$110,000
Median Income
above US average
$390,000
Median House Price
above US average
$2402.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
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 $110,000.

🏠

Income Needed to Buy

βœ— Stretch
$122k/year
Based on $390,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $122k vs median $110,000
🏒

Income Needed to Rent

βœ“ Affordable
$103k/year
Based on $2402.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($110,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sewell, NJ

Sewell, NJ, is a charming suburban community located within Gloucester Township in Camden County. Known for its family-friendly atmosphere, Sewell offers a mix of residential areas, parks, and local shops, making it an appealing place for families and individuals alike. With a strong sense of community, residents often engage in local events and activities. The area features several parks, including the expansive Scotland Run Park, which offers nature trails, playgrounds, and sports fields. The nearby Washington Township is home to a variety of dining and retail options, ensuring that residents have access to modern conveniences. Sewell is conveniently situated with easy access to major highways, making commuting to Philadelphia and other surrounding areas straightforward. The area's schools are part of the highly regarded Washington Township School District, providing quality education for children. In summary, Sewell, NJ, combines suburban tranquility with proximity to urban amenities, making it an ideal place for those seeking a balanced lifestyle.

πŸ” Search & Compare Places

First Location πŸ“