The typical owner-occupied home in Port Norris is worth about $118,700, 74% below the New Jersey median of $454,400 and 64% below the national median of $332,700. Owners pay a median $3,320 a year in property taxes, about 2.80% of their home's value, higher than the New Jersey rate of 2.11%. 54% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Port Norris at a glance
| Port Norris | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $118,700 | $454,400 | $332,700 |
| Median property tax paid per year | $3,320 | $9,590 | $3,119 |
| Property tax as a share of value | 2.80% | 2.11% | 0.94% |
| Median household income | – | $103,556 | $80,734 |
| Homes lived in by their owners | 54% | 64% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,688 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 42.1% | 22.9% | 21.0% |
| Median rent | $1,716 | $1,720 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1946 | 1970 | 1980 |
| Vacant homes | 10.4% | 7.5% | 10.1% |
| Population | 1,612 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Port Norris
At this week's average 30-year rate of 7.11%, buying the median Port Norris home of $118,700 with 20% down costs about $965 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,163, 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 $41,367 for the 20%-down payment.
The median rent here is $1,716 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,740 |
|---|---|
| Loan amount | $94,960 |
| Principal and interest | $639 |
| Property taxes (2.80% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $965 |
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| Down payment | $4,154 |
|---|---|
| Loan amount | $116,550 |
| Principal and interest | $784 |
| Property taxes (2.80% a year) | $277 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $1,163 |
Change the numbers in the calculator
Questions about home buying in Port Norris
What is the median home value in Port Norris?
About $118,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Norris?
Homeowners pay a median $3,320 a year, which is about 2.80% 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 Port Norris?
For the median home with 20% down at 7.11%, the payment is about $965 a month. Keeping that under 28% of gross income takes about $41,367 a year.
More about Port Norris
- Mortgage Refinance in Port Norris
- Debt Relief in Port Norris
- Home Equity Loans in Port Norris
- 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