The typical owner-occupied home in Vincentown is worth about $271,500, 40% below the New Jersey median of $454,400 and 18% below the national median of $332,700. Owners pay a median $5,469 a year in property taxes, about 2.01% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $105,547 a year, so the median home costs 2.6 times the median income (4.4 times for New Jersey). 84% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Vincentown at a glance
| Vincentown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $271,500 | $454,400 | $332,700 |
| Median property tax paid per year | $5,469 | $9,590 | $3,119 |
| Property tax as a share of value | 2.01% | 2.11% | 0.94% |
| Median household income | $105,547 | $103,556 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 77% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,083 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 22.9% | 21.0% |
| Median rent | $3,119 | $1,720 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 18.8% | 7.5% | 10.1% |
| Population | 531 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Vincentown
At this week's average 30-year rate of 7.11%, buying the median Vincentown home of $271,500 with 20% down costs about $2,029 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,481, 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 $86,958 for the 20%-down payment. That payment is 23% of the median Vincentown household income of $105,547; at that income and 20% down, the 28% guideline points to a home of about $330,000.
The median rent here is $3,119 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $54,300 |
|---|---|
| Loan amount | $217,200 |
| Principal and interest | $1,461 |
| Property taxes (2.01% a year) | $455 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| PMI | $0 |
| Total per month | $2,029 |
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| Down payment | $9,502 |
|---|---|
| Loan amount | $266,582 |
| Principal and interest | $1,793 |
| Property taxes (2.01% a year) | $455 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| FHA mortgage insurance | $120 |
| Total per month | $2,481 |
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Questions about home buying in Vincentown
What is the median home value in Vincentown?
About $271,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vincentown?
Homeowners pay a median $5,469 a year, which is about 2.01% 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 Vincentown?
For the median home with 20% down at 7.11%, the payment is about $2,029 a month. Keeping that under 28% of gross income takes about $86,958 a year.
More about Vincentown
- Mortgage Refinance in Vincentown
- Debt Relief in Vincentown
- Home Equity Loans in Vincentown
- 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