The typical owner-occupied home in Jersey is worth about $315,200, 4% above the Georgia median of $303,300 and 5% below the national median of $332,700. 67% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Jersey at a glance
| Jersey | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $315,200 | $303,300 | $332,700 |
| Median property tax paid per year | – | $2,341 | $3,119 |
| Median household income | – | $77,353 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 38% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Median rent | $1,052 | $1,393 | $1,413 |
| Rent as a share of renters' income | 33.2% | 31.3% | 30.6% |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 6.5% | 10.3% | 10.1% |
| Population | 148 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Jersey
At this week's average 30-year rate of 7.11%, buying the median Jersey home of $315,200 with 20% down costs about $2,117 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,642, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $90,710 for the 20%-down payment.
The median rent here is $1,052 a month, so owning the median home costs about $1,065 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,040 |
|---|---|
| Loan amount | $252,160 |
| Principal and interest | $1,696 |
| Property taxes (1.10% a year) | $289 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,117 |
Change the numbers in the calculator
| Down payment | $11,032 |
|---|---|
| Loan amount | $309,491 |
| Principal and interest | $2,082 |
| Property taxes (1.10% a year) | $289 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,642 |
Change the numbers in the calculator
Questions about home buying in Jersey
What is the median home value in Jersey?
About $315,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Jersey?
For the median home with 20% down at 7.11%, the payment is about $2,117 a month. Keeping that under 28% of gross income takes about $90,710 a year.
More about Jersey
- Mortgage Refinance in Jersey
- Debt Relief in Jersey
- Home Equity Loans in Jersey
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data