The typical owner-occupied home in Oradell is worth about $737,800, 62% above the New Jersey median of $454,400 and 2.2 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.36% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $221,322 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 91% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Oradell at a glance
| Oradell | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $737,800 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.36% | 2.11% | 0.94% |
| Median household income | $221,322 | $103,556 | $80,734 |
| Homes lived in by their owners | 91% | 64% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,991 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 22.9% | 21.0% |
| Median rent | $2,305 | $1,720 | $1,413 |
| Rent as a share of renters' income | 26.0% | 30.9% | 30.6% |
| Median year homes were built | 1956 | 1970 | 1980 |
| Vacant homes | 3.3% | 7.5% | 10.1% |
| Population | 8,235 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Oradell
At this week's average 30-year rate of 7.11%, buying the median Oradell home of $737,800 with 20% down costs about $5,114 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,343, 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 $219,179 for the 20%-down payment. That payment is 28% of the median Oradell household income of $221,322; at that income and 20% down, the 28% guideline points to a home of about $745,000.
The median rent here is $2,305 a month, so owning the median home costs about $2,809 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $147,560 |
|---|---|
| Loan amount | $590,240 |
| Principal and interest | $3,971 |
| Property taxes (1.36% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $307 |
| PMI | $0 |
| Total per month | $5,114 |
Change the numbers in the calculator
| Down payment | $25,823 |
|---|---|
| Loan amount | $724,437 |
| Principal and interest | $4,873 |
| Property taxes (1.36% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $307 |
| FHA mortgage insurance | $326 |
| Total per month | $6,343 |
Change the numbers in the calculator
Questions about home buying in Oradell
What is the median home value in Oradell?
About $737,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oradell?
Homeowners pay a median $10,001 a year, which is about 1.36% 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 Oradell?
For the median home with 20% down at 7.11%, the payment is about $5,114 a month. Keeping that under 28% of gross income takes about $219,179 a year.
More about Oradell
- Mortgage Refinance in Oradell
- Debt Relief in Oradell
- Home Equity Loans in Oradell
- 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