The typical owner-occupied home in Waldwick is worth about $588,500, 30% above the New Jersey median of $454,400 and 77% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.70% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $177,962 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 88% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Waldwick at a glance
| Waldwick | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $588,500 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.70% | 2.11% | 0.94% |
| Median household income | $177,962 | $103,556 | $80,734 |
| Homes lived in by their owners | 88% | 64% | 65% |
| Owner homes with a mortgage | 67% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,337 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 22.9% | 21.0% |
| Median rent | $3,446 | $1,720 | $1,413 |
| Rent as a share of renters' income | 27.6% | 30.9% | 30.6% |
| Median year homes were built | 1956 | 1970 | 1980 |
| Vacant homes | 1.6% | 7.5% | 10.1% |
| Population | 10,164 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Waldwick
At this week's average 30-year rate of 7.11%, buying the median Waldwick home of $588,500 with 20% down costs about $4,246 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,226, 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 $181,972 for the 20%-down payment. That payment is 29% of the median Waldwick household income of $177,962; at that income and 20% down, the 28% guideline points to a home of about $576,000.
The median rent here is $3,446 a month, so owning the median home costs about $800 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $117,700 |
|---|---|
| Loan amount | $470,800 |
| Principal and interest | $3,167 |
| Property taxes (1.70% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $245 |
| PMI | $0 |
| Total per month | $4,246 |
Change the numbers in the calculator
| Down payment | $20,598 |
|---|---|
| Loan amount | $577,841 |
| Principal and interest | $3,887 |
| Property taxes (1.70% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $245 |
| FHA mortgage insurance | $260 |
| Total per month | $5,226 |
Change the numbers in the calculator
Questions about home buying in Waldwick
What is the median home value in Waldwick?
About $588,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waldwick?
Homeowners pay a median $10,001 a year, which is about 1.70% 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 Waldwick?
For the median home with 20% down at 7.11%, the payment is about $4,246 a month. Keeping that under 28% of gross income takes about $181,972 a year.
More about Waldwick
- Mortgage Refinance in Waldwick
- Debt Relief in Waldwick
- Home Equity Loans in Waldwick
- 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