The typical owner-occupied home in Mizpah is worth about $173,400, 62% below the New Jersey median of $454,400 and 48% below the national median of $332,700. Owners pay a median $3,528 a year in property taxes, about 2.03% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $51,350 a year, so the median home costs 3.4 times the median income (4.4 times for New Jersey). 84% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Mizpah at a glance
| Mizpah | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $173,400 | $454,400 | $332,700 |
| Median property tax paid per year | $3,528 | $9,590 | $3,119 |
| Property tax as a share of value | 2.03% | 2.11% | 0.94% |
| Median household income | $51,350 | $103,556 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 41% | 64% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,829 | $1,963 |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1957 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 473 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Mizpah
At this week's average 30-year rate of 7.11%, buying the median Mizpah home of $173,400 with 20% down costs about $1,299 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,588, 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 $55,662 for the 20%-down payment. That payment is 30% of the median Mizpah household income of $51,350; at that income and 20% down, the 28% guideline points to a home of about $160,000.
| Down payment | $34,680 |
|---|---|
| Loan amount | $138,720 |
| Principal and interest | $933 |
| Property taxes (2.03% a year) | $293 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,299 |
Change the numbers in the calculator
| Down payment | $6,069 |
|---|---|
| Loan amount | $170,259 |
| Principal and interest | $1,145 |
| Property taxes (2.03% a year) | $293 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,588 |
Change the numbers in the calculator
Questions about home buying in Mizpah
What is the median home value in Mizpah?
About $173,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mizpah?
Homeowners pay a median $3,528 a year, which is about 2.03% 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 Mizpah?
For the median home with 20% down at 7.11%, the payment is about $1,299 a month. Keeping that under 28% of gross income takes about $55,662 a year.
More about Mizpah
- Mortgage Refinance in Mizpah
- Debt Relief in Mizpah
- Home Equity Loans in Mizpah
- 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