Compare Lakewood, NJ mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Lakewood.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lakewood. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Lakewood. Understand how much you need to earn to afford a home in Lakewood, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lakewood fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Lakewood is right for you.
The median home value for Lakewood, NJ (Ocean County) is $382,390
Based on current mortgage rates and a 10% down payment, you need to make $79,773 per year to buy the median priced home in Lakewood
With this income, you could qualify for a $344,151 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Lakewood is $1,847
The median household income for Lakewood, NJ (Ocean County) is $76,824
Based on this income, you can afford a home valued at approximately $368,258
The home price you can afford to buy based on household income in Lakewood is 96% of the median home value which means housing prices are expensive. Lakewood (Ocean County) ranks 14 out of 21 counties in New Jersey and 2,848 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lakewood, NJ is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lakewood (Ocean County) below.
Conforming loan limits for Lakewood, NJ
FHA loan limits for Lakewood, NJ