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Northern New Jersey top-tier apartment rent sports 46% discount to mortgage payments

Mortgage payments in Northern New Jersey have more than doubled since end of 2019
CoStar Analytics
April 14, 2026 | 9:08 P.M.

The Northern New Jersey multifamily market is seeing the gap between the average rent for four- and five-star apartments and the average monthly mortgage payment continue to widen.

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News | Northern New Jersey top-tier apartment rent sports 46% discount to mortgage payments