The typical owner-occupied home in Mays Landing is worth about $263,700, 42% below the New Jersey median of $454,400 and 21% below the national median of $332,700. Owners pay a median $5,949 a year in property taxes, about 2.26% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $83,056 a year, so the median home costs 3.2 times the median income (4.4 times for New Jersey). 77% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Mays Landing at a glance
| Mays Landing | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $263,700 | $454,400 | $332,700 |
| Median property tax paid per year | $5,949 | $9,590 | $3,119 |
| Property tax as a share of value | 2.26% | 2.11% | 0.94% |
| Median household income | $83,056 | $103,556 | $80,734 |
| Homes lived in by their owners | 77% | 64% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,014 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 22.9% | 21.0% |
| Median rent | $1,131 | $1,720 | $1,413 |
| Rent as a share of renters' income | 26.5% | 30.9% | 30.6% |
| Median year homes were built | 1985 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 6,406 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Mays Landing
At this week's average 30-year rate of 7.11%, buying the median Mays Landing home of $263,700 with 20% down costs about $2,026 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,465, 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 $86,814 for the 20%-down payment. That payment is 29% of the median Mays Landing household income of $83,056; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $1,131 a month, so owning the median home costs about $895 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,740 |
|---|---|
| Loan amount | $210,960 |
| Principal and interest | $1,419 |
| Property taxes (2.26% a year) | $497 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| PMI | $0 |
| Total per month | $2,026 |
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| Down payment | $9,230 |
|---|---|
| Loan amount | $258,924 |
| Principal and interest | $1,742 |
| Property taxes (2.26% a year) | $497 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| FHA mortgage insurance | $117 |
| Total per month | $2,465 |
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Questions about home buying in Mays Landing
What is the median home value in Mays Landing?
About $263,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mays Landing?
Homeowners pay a median $5,949 a year, which is about 2.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Mays Landing?
For the median home with 20% down at 7.11%, the payment is about $2,026 a month. Keeping that under 28% of gross income takes about $86,814 a year.
More about Mays Landing
- Mortgage Refinance in Mays Landing
- Debt Relief in Mays Landing
- Home Equity Loans in Mays Landing
- 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