The typical owner-occupied home in Oaklyn is worth about $279,000, 39% below the New Jersey median of $454,400 and 16% below the national median of $332,700. Owners pay a median $8,415 a year in property taxes, about 3.02% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $84,394 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 65% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Oaklyn at a glance
| Oaklyn | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $279,000 | $454,400 | $332,700 |
| Median property tax paid per year | $8,415 | $9,590 | $3,119 |
| Property tax as a share of value | 3.02% | 2.11% | 0.94% |
| Median household income | $84,394 | $103,556 | $80,734 |
| Homes lived in by their owners | 65% | 64% | 65% |
| Owner homes with a mortgage | 64% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,214 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 22.9% | 21.0% |
| Median rent | $1,246 | $1,720 | $1,413 |
| Rent as a share of renters' income | 28.5% | 30.9% | 30.6% |
| Median year homes were built | 1943 | 1970 | 1980 |
| Vacant homes | 5.0% | 7.5% | 10.1% |
| Population | 3,947 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Oaklyn
At this week's average 30-year rate of 7.11%, buying the median Oaklyn home of $279,000 with 20% down costs about $2,320 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,785, 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 $99,423 for the 20%-down payment. That payment is 33% of the median Oaklyn household income of $84,394; at that income and 20% down, the 28% guideline points to a home of about $237,000.
The median rent here is $1,246 a month, so owning the median home costs about $1,074 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $55,800 |
|---|---|
| Loan amount | $223,200 |
| Principal and interest | $1,501 |
| Property taxes (3.02% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $2,320 |
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| Down payment | $9,765 |
|---|---|
| Loan amount | $273,947 |
| Principal and interest | $1,843 |
| Property taxes (3.02% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $123 |
| Total per month | $2,785 |
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Questions about home buying in Oaklyn
What is the median home value in Oaklyn?
About $279,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oaklyn?
Homeowners pay a median $8,415 a year, which is about 3.02% 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 Oaklyn?
For the median home with 20% down at 7.11%, the payment is about $2,320 a month. Keeping that under 28% of gross income takes about $99,423 a year.
More about Oaklyn
- Mortgage Refinance in Oaklyn
- Debt Relief in Oaklyn
- Home Equity Loans in Oaklyn
- 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