The typical owner-occupied home in Marmora is worth about $438,400, 4% below the New Jersey median of $454,400 and 32% above the national median of $332,700. Owners pay a median $5,970 a year in property taxes, about 1.36% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $105,536 a year, so the median home costs 4.2 times the median income (4.4 times for New Jersey). 88% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Marmora at a glance
| Marmora | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $438,400 | $454,400 | $332,700 |
| Median property tax paid per year | $5,970 | $9,590 | $3,119 |
| Property tax as a share of value | 1.36% | 2.11% | 0.94% |
| Median household income | $105,536 | $103,556 | $80,734 |
| Homes lived in by their owners | 88% | 64% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,114 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 22.9% | 21.0% |
| Median rent | $1,875 | $1,720 | $1,413 |
| Rent as a share of renters' income | 38.8% | 30.9% | 30.6% |
| Median year homes were built | 1982 | 1970 | 1980 |
| Vacant homes | 33.2% | 7.5% | 10.1% |
| Population | 2,039 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Marmora
At this week's average 30-year rate of 7.11%, buying the median Marmora home of $438,400 with 20% down costs about $3,039 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,769, 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 $130,236 for the 20%-down payment. That payment is 35% of the median Marmora household income of $105,536; at that income and 20% down, the 28% guideline points to a home of about $355,000.
The median rent here is $1,875 a month, so owning the median home costs about $1,164 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,680 |
|---|---|
| Loan amount | $350,720 |
| Principal and interest | $2,359 |
| Property taxes (1.36% a year) | $497 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| PMI | $0 |
| Total per month | $3,039 |
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| Down payment | $15,344 |
|---|---|
| Loan amount | $430,459 |
| Principal and interest | $2,896 |
| Property taxes (1.36% a year) | $497 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| FHA mortgage insurance | $194 |
| Total per month | $3,769 |
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Questions about home buying in Marmora
What is the median home value in Marmora?
About $438,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marmora?
Homeowners pay a median $5,970 a year, which is about 1.36% 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 Marmora?
For the median home with 20% down at 7.11%, the payment is about $3,039 a month. Keeping that under 28% of gross income takes about $130,236 a year.
More about Marmora
- Mortgage Refinance in Marmora
- Debt Relief in Marmora
- Home Equity Loans in Marmora
- 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