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Buying a home in Glendora, New Jersey

The typical owner-occupied home in Glendora is worth about $249,900, 45% below the New Jersey median of $454,400 and 25% below the national median of $332,700. Owners pay a median $7,470 a year in property taxes, about 2.99% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $98,053 a year, so the median home costs 2.5 times the median income (4.4 times for New Jersey). 75% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.

Glendora at a glance

Glendora New Jersey U.S.
Median home value $249,900 $454,400 $332,700
Median property tax paid per year $7,470 $9,590 $3,119
Property tax as a share of value 2.99% 2.11% 0.94%
Median household income $98,053 $103,556 $80,734
Homes lived in by their owners 75% 64% 65%
Owner homes with a mortgage 74% 64% 61%
Median monthly costs, owners with a mortgage $2,130 $2,829 $1,963
Those costs as a share of the owners' income 24.3% 22.9% 21.0%
Median rent $986 $1,720 $1,413
Rent as a share of renters' income 33.0% 30.9% 30.6%
Median year homes were built 1959 1970 1980
Vacant homes 1.9% 7.5% 10.1%
Population 5,431 9,343,809 334,922,499

What a typical home costs per month in Glendora

At this week's average 30-year rate of 7.11%, buying the median Glendora home of $249,900 with 20% down costs about $2,072 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,488, 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 $88,785 for the 20%-down payment. That payment is 25% of the median Glendora household income of $98,053; at that income and 20% down, the 28% guideline points to a home of about $276,000.

The median rent here is $986 a month, so owning the median home costs about $1,086 a month more than renting, before you count the equity you build and any tax benefits.

20% down, 30-year conventional loan
Down payment$49,980
Loan amount$199,920
Principal and interest$1,345
Property taxes (2.99% a year)$623
Homeowners insurance (our estimate, 0.5% a year)$104
PMI$0
Total per month$2,072

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3.5% down, 30-year FHA loan
Down payment$8,746
Loan amount$245,374
Principal and interest$1,651
Property taxes (2.99% a year)$623
Homeowners insurance (our estimate, 0.5% a year)$104
FHA mortgage insurance$111
Total per month$2,488

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Questions about home buying in Glendora

What is the median home value in Glendora?

About $249,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Glendora?

Homeowners pay a median $7,470 a year, which is about 2.99% 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 Glendora?

For the median home with 20% down at 7.11%, the payment is about $2,072 a month. Keeping that under 28% of gross income takes about $88,785 a year.

More about Glendora

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