Estimated owner-finance down payment by city in New Jersey.
Down payments scale with home prices but flex by financing type. This ranks New Jersey cities by an estimated typical down payment on an owner-financed or low-down deal (12% of estimated median home value). This is a modeled directional comparison, not a survey of actual closings.
Last updated
New Jersey ranking
50 cities ranked. Click any row for the matching local page.
| # | City | Est. typical down payment | Score | |
|---|---|---|---|---|
| 1 | Morristown | $97,700 | 0 | View → |
| 2 | Montclair | $104,800 | 0 | View → |
| 3 | Westfield | $110,900 | 0 | View → |
| 4 | Livingston | $106,600 | 0 | View → |
| 5 | Basking Ridge | $107,300 | 0 | View → |
| 6 | Randolph | $99,800 | 0 | View → |
| 7 | Ridgewood | $116,000 | 0 | View → |
| 8 | Summit | $110,800 | 0 | View → |
| 9 | Moorestown | $99,000 | 0 | View → |
| 10 | Princeton Junction | $108,400 | 0 | View → |
| 11 | Chatham | $112,000 | 0 | View → |
| 12 | Morganville | $98,900 | 0 | View → |
| 13 | Wyckoff | $105,000 | 0 | View → |
| 14 | Holmdel | $104,300 | 0 | View → |
| 15 | Warren | $109,100 | 0 | View → |
| 16 | Tenafly | $113,600 | 0 | View → |
| 17 | Pennington | $99,800 | 0 | View → |
| 18 | Short Hills | $138,600 | 0 | View → |
| 19 | Long Valley | $98,000 | 0 | View → |
| 20 | Berkeley Heights | $97,700 | 0 | View → |
| 21 | Glen Rock | $108,700 | 0 | View → |
| 22 | Belle Mead | $104,400 | 0 | View → |
| 23 | Saddle River | $120,800 | 0 | View → |
| 24 | Franklin Lakes | $120,100 | 0 | View → |
| 25 | Colts Neck | $108,800 | 0 | View → |
| 26 | Mendham | $109,700 | 0 | View → |
| 27 | Rumson | $108,800 | 0 | View → |
| 28 | Lebanon | $106,900 | 0 | View → |
| 29 | Chester | $109,400 | 0 | View → |
| 30 | Oradell | $101,000 | 0 | View → |
| 31 | Bernardsville | $103,900 | 0 | View → |
| 32 | Glen Ridge | $112,200 | 0 | View → |
| 33 | Marlboro | $97,000 | 1 | View → |
| 34 | Hoboken | $96,400 | 2 | View → |
| 35 | Millstone Township | $95,800 | 2 | View → |
| 36 | Whitehouse Station | $96,100 | 2 | View → |
| 37 | Princeton | $95,300 | 3 | View → |
| 38 | Caldwell | $95,500 | 3 | View → |
| 39 | Madison | $95,400 | 3 | View → |
| 40 | Westwood | $94,000 | 4 | View → |
| 41 | Ramsey | $94,700 | 4 | View → |
| 42 | Montville | $94,800 | 4 | View → |
| 43 | Jersey City | $93,600 | 5 | View → |
| 44 | New Providence | $93,500 | 5 | View → |
| 45 | Hillsborough | $92,200 | 6 | View → |
| 46 | Bridgewater | $92,400 | 6 | View → |
| 47 | Middletown | $92,500 | 6 | View → |
| 48 | Medford | $93,000 | 6 | View → |
| 49 | Mahwah | $92,200 | 6 | View → |
| 50 | South Orange | $92,900 | 6 | View → |
Methodology
Estimated down = 12% of estimated median home value (representative of owner-financed and low-down deals). Conventional loans typically require 20%; FHA can be 3.5%. Use as a directional comparison.
FAQ
- Why does down payment vary across New Jersey?
- Home prices vary widely; a 12% down payment scales with the local median. Owner financing often accepts less.
- Is 12% realistic?
- Yes, owner-finance deals commonly land in the 10-20% range. Conventional underwriting usually wants 20% to avoid PMI.
- Can I find lower-down options?
- Browse low-down-payment homes by city, many owner-finance and lease-option deals sit under 10%.
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Cheapest Rent-to-Own Markets
Cities With Most FSBO Activity
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Cities With Most Cash Buyers
Foreclosure Risk by City
Most Affordable Cities for Buyers
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