The typical owner-occupied home in Goshen is worth about $350,000, 23% below the New Jersey median of $454,400 and 5% above the national median of $332,700. Owners pay a median $5,851 a year in property taxes, about 1.67% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $132,895 a year, so the median home costs 2.6 times the median income (4.4 times for New Jersey). 77% of occupied homes here are lived in by their owners, and 91% of those owners still have a mortgage.
Goshen at a glance
| Goshen | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $350,000 | $454,400 | $332,700 |
| Median property tax paid per year | $5,851 | $9,590 | $3,119 |
| Property tax as a share of value | 1.67% | 2.11% | 0.94% |
| Median household income | $132,895 | $103,556 | $80,734 |
| Homes lived in by their owners | 77% | 64% | 65% |
| Owner homes with a mortgage | 91% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,892 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1981 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 340 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Goshen
At this week's average 30-year rate of 7.11%, buying the median Goshen home of $350,000 with 20% down costs about $2,516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,100, 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 $107,850 for the 20%-down payment. That payment is 23% of the median Goshen household income of $132,895; at that income and 20% down, the 28% guideline points to a home of about $431,000.
| Down payment | $70,000 |
|---|---|
| Loan amount | $280,000 |
| Principal and interest | $1,884 |
| Property taxes (1.67% a year) | $487 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,516 |
Change the numbers in the calculator
| Down payment | $12,250 |
|---|---|
| Loan amount | $343,661 |
| Principal and interest | $2,312 |
| Property taxes (1.67% a year) | $487 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $3,100 |
Change the numbers in the calculator
Questions about home buying in Goshen
What is the median home value in Goshen?
About $350,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goshen?
Homeowners pay a median $5,851 a year, which is about 1.67% 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 Goshen?
For the median home with 20% down at 7.11%, the payment is about $2,516 a month. Keeping that under 28% of gross income takes about $107,850 a year.
More about Goshen
- Mortgage Refinance in Goshen
- Debt Relief in Goshen
- Home Equity Loans in Goshen
- 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