The typical owner-occupied home in Wildwood is worth about $391,300, 14% below the New Jersey median of $454,400 and 18% above the national median of $332,700. Owners pay a median $6,507 a year in property taxes, about 1.66% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $75,222 a year, so the median home costs 5.2 times the median income (4.4 times for New Jersey). 43% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Wildwood at a glance
| Wildwood | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $391,300 | $454,400 | $332,700 |
| Median property tax paid per year | $6,507 | $9,590 | $3,119 |
| Property tax as a share of value | 1.66% | 2.11% | 0.94% |
| Median household income | $75,222 | $103,556 | $80,734 |
| Homes lived in by their owners | 43% | 64% | 65% |
| Owner homes with a mortgage | 71% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,473 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 22.9% | 21.0% |
| Median rent | $997 | $1,720 | $1,413 |
| Rent as a share of renters' income | 34.2% | 30.9% | 30.6% |
| Median year homes were built | 1976 | 1970 | 1980 |
| Vacant homes | 59.6% | 7.5% | 10.1% |
| Population | 5,130 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Wildwood
At this week's average 30-year rate of 7.11%, buying the median Wildwood home of $391,300 with 20% down costs about $2,810 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,462, 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 $120,436 for the 20%-down payment. That payment is 45% of the median Wildwood household income of $75,222; at that income and 20% down, the 28% guideline points to a home of about $244,000.
The median rent here is $997 a month, so owning the median home costs about $1,813 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,260 |
|---|---|
| Loan amount | $313,040 |
| Principal and interest | $2,106 |
| Property taxes (1.66% a year) | $541 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| PMI | $0 |
| Total per month | $2,810 |
Change the numbers in the calculator
| Down payment | $13,696 |
|---|---|
| Loan amount | $384,213 |
| Principal and interest | $2,585 |
| Property taxes (1.66% a year) | $541 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| FHA mortgage insurance | $173 |
| Total per month | $3,462 |
Change the numbers in the calculator
Questions about home buying in Wildwood
What is the median home value in Wildwood?
About $391,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wildwood?
Homeowners pay a median $6,507 a year, which is about 1.66% 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 Wildwood?
For the median home with 20% down at 7.11%, the payment is about $2,810 a month. Keeping that under 28% of gross income takes about $120,436 a year.
More about Wildwood
- Mortgage Refinance in Wildwood
- Debt Relief in Wildwood
- Home Equity Loans in Wildwood
- 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