The typical owner-occupied home in Mount Ephraim is worth about $236,700, 48% below the New Jersey median of $454,400 and 29% below the national median of $332,700. Owners pay a median $7,013 a year in property taxes, about 2.96% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $79,804 a year, so the median home costs 3.0 times the median income (4.4 times for New Jersey). 68% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Mount Ephraim at a glance
| Mount Ephraim | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $236,700 | $454,400 | $332,700 |
| Median property tax paid per year | $7,013 | $9,590 | $3,119 |
| Property tax as a share of value | 2.96% | 2.11% | 0.94% |
| Median household income | $79,804 | $103,556 | $80,734 |
| Homes lived in by their owners | 68% | 64% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,084 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 22.9% | 21.0% |
| Median rent | $1,373 | $1,720 | $1,413 |
| Rent as a share of renters' income | 24.6% | 30.9% | 30.6% |
| Median year homes were built | 1957 | 1970 | 1980 |
| Vacant homes | 3.9% | 7.5% | 10.1% |
| Population | 4,669 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Mount Ephraim
At this week's average 30-year rate of 7.11%, buying the median Mount Ephraim home of $236,700 with 20% down costs about $1,956 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,351, 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 $83,843 for the 20%-down payment. That payment is 29% of the median Mount Ephraim household income of $79,804; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $1,373 a month, so owning the median home costs about $583 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,340 |
|---|---|
| Loan amount | $189,360 |
| Principal and interest | $1,274 |
| Property taxes (2.96% a year) | $584 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,956 |
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| Down payment | $8,284 |
|---|---|
| Loan amount | $232,413 |
| Principal and interest | $1,563 |
| Property taxes (2.96% a year) | $584 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $2,351 |
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Questions about home buying in Mount Ephraim
What is the median home value in Mount Ephraim?
About $236,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Ephraim?
Homeowners pay a median $7,013 a year, which is about 2.96% 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 Mount Ephraim?
For the median home with 20% down at 7.11%, the payment is about $1,956 a month. Keeping that under 28% of gross income takes about $83,843 a year.
More about Mount Ephraim
- Mortgage Refinance in Mount Ephraim
- Debt Relief in Mount Ephraim
- Home Equity Loans in Mount Ephraim
- 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