The typical owner-occupied home in Dividing Creek is worth about $175,000, 61% below the New Jersey median of $454,400 and 47% below the national median of $332,700. Owners pay a median $3,333 a year in property taxes, about 1.90% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $63,194 a year, so the median home costs 2.8 times the median income (4.4 times for New Jersey). 69% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Dividing Creek at a glance
| Dividing Creek | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $175,000 | $454,400 | $332,700 |
| Median property tax paid per year | $3,333 | $9,590 | $3,119 |
| Property tax as a share of value | 1.90% | 2.11% | 0.94% |
| Median household income | $63,194 | $103,556 | $80,734 |
| Homes lived in by their owners | 69% | 64% | 65% |
| Owner homes with a mortgage | 42% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,227 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Rent as a share of renters' income | 15.5% | 30.9% | 30.6% |
| Median year homes were built | 1954 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 652 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Dividing Creek
At this week's average 30-year rate of 7.11%, buying the median Dividing Creek home of $175,000 with 20% down costs about $1,292 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,583, 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 $55,362 for the 20%-down payment. That payment is 25% of the median Dividing Creek household income of $63,194; at that income and 20% down, the 28% guideline points to a home of about $200,000.
| Down payment | $35,000 |
|---|---|
| Loan amount | $140,000 |
| Principal and interest | $942 |
| Property taxes (1.90% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,292 |
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| Down payment | $6,125 |
|---|---|
| Loan amount | $171,830 |
| Principal and interest | $1,156 |
| Property taxes (1.90% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,583 |
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Questions about home buying in Dividing Creek
What is the median home value in Dividing Creek?
About $175,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dividing Creek?
Homeowners pay a median $3,333 a year, which is about 1.90% 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 Dividing Creek?
For the median home with 20% down at 7.11%, the payment is about $1,292 a month. Keeping that under 28% of gross income takes about $55,362 a year.
More about Dividing Creek
- Mortgage Refinance in Dividing Creek
- Debt Relief in Dividing Creek
- Home Equity Loans in Dividing Creek
- 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