The typical owner-occupied home in Avalon is worth about $1,959,000, 4.3 times the New Jersey median of $454,400 and 5.9 times the national median of $332,700. Owners pay a median $7,139 a year in property taxes, about 0.36% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $139,167 a year, so the median home costs 14.1 times the median income (4.4 times for New Jersey). 93% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Avalon at a glance
| Avalon | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $1,959,000 | $454,400 | $332,700 |
| Median property tax paid per year | $7,139 | $9,590 | $3,119 |
| Property tax as a share of value | 0.36% | 2.11% | 0.94% |
| Median household income | $139,167 | $103,556 | $80,734 |
| Homes lived in by their owners | 93% | 64% | 65% |
| Owner homes with a mortgage | 38% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,444 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 22.9% | 21.0% |
| Median rent | $1,708 | $1,720 | $1,413 |
| Rent as a share of renters' income | 24.1% | 30.9% | 30.6% |
| Median year homes were built | 1988 | 1970 | 1980 |
| Vacant homes | 85.6% | 7.5% | 10.1% |
| Population | 1,488 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Avalon
At this week's average 30-year rate of 7.11%, buying the median Avalon home of $1,959,000 with 20% down costs about $11,947 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $15,525, 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 $511,997 for the 20%-down payment. That payment is 103% of the median Avalon household income of $139,167; at that income and 20% down, the 28% guideline points to a home of about $532,000.
The median rent here is $1,708 a month, so owning the median home costs about $10,239 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $391,800 |
|---|---|
| Loan amount | $1,567,200 |
| Principal and interest | $10,543 |
| Property taxes (0.36% a year) | $588 |
| Homeowners insurance (our estimate, 0.5% a year) | $816 |
| PMI | $0 |
| Total per month | $11,947 |
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| Down payment | $68,565 |
|---|---|
| Loan amount | $1,923,518 |
| Principal and interest | $12,940 |
| Property taxes (0.36% a year) | $588 |
| Homeowners insurance (our estimate, 0.5% a year) | $816 |
| FHA mortgage insurance | $1,182 |
| Total per month | $15,525 |
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Questions about home buying in Avalon
What is the median home value in Avalon?
About $1,959,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Avalon?
Homeowners pay a median $7,139 a year, which is about 0.36% 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 Avalon?
For the median home with 20% down at 7.11%, the payment is about $11,947 a month. Keeping that under 28% of gross income takes about $511,997 a year.
More about Avalon
- Mortgage Refinance in Avalon
- Debt Relief in Avalon
- Home Equity Loans in Avalon
- 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