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Buying a home in Harrington Park, New Jersey

The typical owner-occupied home in Harrington Park is worth about $776,900, 71% above the New Jersey median of $454,400 and 2.3 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.29% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $180,500 a year, so the median home costs 4.3 times the median income (4.4 times for New Jersey). 92% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.

Harrington Park at a glance

Harrington Park New Jersey U.S.
Median home value $776,900 $454,400 $332,700
Median property tax paid per year $10,001 $9,590 $3,119
Property tax as a share of value 1.29% 2.11% 0.94%
Median household income $180,500 $103,556 $80,734
Homes lived in by their owners 92% 64% 65%
Owner homes with a mortgage 59% 64% 61%
Median monthly costs, owners with a mortgage $4,001 $2,829 $1,963
Those costs as a share of the owners' income 26.4% 22.9% 21.0%
Median rent $1,414 $1,720 $1,413
Rent as a share of renters' income 33.0% 30.9% 30.6%
Median year homes were built 1962 1970 1980
Vacant homes 2.8% 7.5% 10.1%
Population 4,954 9,343,809 334,922,499

What a typical home costs per month in Harrington Park

At this week's average 30-year rate of 7.11%, buying the median Harrington Park home of $776,900 with 20% down costs about $5,340 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,759, 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 $228,852 for the 20%-down payment. That payment is 36% of the median Harrington Park household income of $180,500; at that income and 20% down, the 28% guideline points to a home of about $613,000.

The median rent here is $1,414 a month, so owning the median home costs about $3,926 a month more than renting, before you count the equity you build and any tax benefits.

20% down, 30-year conventional loan
Down payment$155,380
Loan amount$621,520
Principal and interest$4,181
Property taxes (1.29% a year)$835
Homeowners insurance (our estimate, 0.5% a year)$324
PMI$0
Total per month$5,340

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3.5% down, 30-year FHA loan
Down payment$27,192
Loan amount$762,828
Principal and interest$5,132
Property taxes (1.29% a year)$835
Homeowners insurance (our estimate, 0.5% a year)$324
FHA mortgage insurance$469
Total per month$6,759

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Questions about home buying in Harrington Park

What is the median home value in Harrington Park?

About $776,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Harrington Park?

Homeowners pay a median $10,001 a year, which is about 1.29% 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 Harrington Park?

For the median home with 20% down at 7.11%, the payment is about $5,340 a month. Keeping that under 28% of gross income takes about $228,852 a year.

More about Harrington Park

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