Quick facts: Township of washington, NJ

Quick Facts

112.9
Cost of Living
above US average
9,102
Population
2.42
Crime Rate per 1000
below US average
$108,500
Median Income
above US average
$799,000
Median House Price
above US average
$3200.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.4%
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 $108,500.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $108,500
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Income Needed to Rent

⚠ Stretch
$137k/year
Based on $3200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $137k vs median $108,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Township of washington, NJ

The Township of Washington is located in Morris County, New Jersey. This charming community is known for its picturesque landscapes, quaint neighborhoods, and a blend of suburban and rural living. It offers an array of recreational activities, with numerous parks and outdoor spaces, including the scenic Hacklebarney State Park which features trails and natural beauty along the Raritan River. The township boasts a rich history, reflected in its historic buildings and local landmarks. Its small-town feel is complemented by a tight-knit community and various local events that foster camaraderie among residents. Washington Township is served by good schools, which are part of the larger West Morris Regional School District, making it an appealing choice for families. The area also presents convenient access to major highways and nearby cities, providing residents with easy commuting options while still enjoying a peaceful lifestyle. With local shops, dining, and cultural activities, Washington Township balances the tranquility of rural life with the convenience of nearby urban amenities. Overall, it’s a great place for those looking for a blend of nature, community, and accessibility.

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