The typical owner-occupied home in East Rutherford is worth about $458,100, about the same as the New Jersey median of $454,400 and 38% above the national median of $332,700. Owners pay a median $8,163 a year in property taxes, about 1.78% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $97,993 a year, so the median home costs 4.7 times the median income (4.4 times for New Jersey). 35% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
East Rutherford at a glance
| East Rutherford | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $458,100 | $454,400 | $332,700 |
| Median property tax paid per year | $8,163 | $9,590 | $3,119 |
| Property tax as a share of value | 1.78% | 2.11% | 0.94% |
| Median household income | $97,993 | $103,556 | $80,734 |
| Homes lived in by their owners | 35% | 64% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,846 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 24.7% | 22.9% | 21.0% |
| Median rent | $1,952 | $1,720 | $1,413 |
| Rent as a share of renters' income | 28.2% | 30.9% | 30.6% |
| Median year homes were built | 1967 | 1970 | 1980 |
| Vacant homes | 5.3% | 7.5% | 10.1% |
| Population | 10,313 | 9,343,809 | 334,922,499 |
What a typical home costs per month in East Rutherford
At this week's average 30-year rate of 7.11%, buying the median East Rutherford home of $458,100 with 20% down costs about $3,336 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,099, 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 $142,959 for the 20%-down payment. That payment is 41% of the median East Rutherford household income of $97,993; at that income and 20% down, the 28% guideline points to a home of about $314,000.
The median rent here is $1,952 a month, so owning the median home costs about $1,384 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $91,620 |
|---|---|
| Loan amount | $366,480 |
| Principal and interest | $2,465 |
| Property taxes (1.78% a year) | $680 |
| Homeowners insurance (our estimate, 0.5% a year) | $191 |
| PMI | $0 |
| Total per month | $3,336 |
Change the numbers in the calculator
| Down payment | $16,034 |
|---|---|
| Loan amount | $449,803 |
| Principal and interest | $3,026 |
| Property taxes (1.78% a year) | $680 |
| Homeowners insurance (our estimate, 0.5% a year) | $191 |
| FHA mortgage insurance | $203 |
| Total per month | $4,099 |
Change the numbers in the calculator
Questions about home buying in East Rutherford
What is the median home value in East Rutherford?
About $458,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in East Rutherford?
Homeowners pay a median $8,163 a year, which is about 1.78% 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 East Rutherford?
For the median home with 20% down at 7.11%, the payment is about $3,336 a month. Keeping that under 28% of gross income takes about $142,959 a year.
More about East Rutherford
- Mortgage Refinance in East Rutherford
- Debt Relief in East Rutherford
- Home Equity Loans in East Rutherford
- 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