The typical owner-occupied home in Gloucester County is worth about $310,400, 32% below the New Jersey median of $454,400 and 7% below the national median of $332,700. Owners pay a median $8,055 a year in property taxes, about 2.60% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $105,115 a year, so the median home costs 3.0 times the median income (4.4 times for New Jersey). 80% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Gloucester County at a glance
| Gloucester County | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $310,400 | $454,400 | $332,700 |
| Median property tax paid per year | $8,055 | $9,590 | $3,119 |
| Property tax as a share of value | 2.60% | 2.11% | 0.94% |
| Median household income | $105,115 | $103,556 | $80,734 |
| Homes lived in by their owners | 80% | 64% | 65% |
| Owner homes with a mortgage | 68% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,330 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 22.9% | 21.0% |
| Median rent | $1,531 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.2% | 30.9% | 30.6% |
| Median year homes were built | 1980 | 1970 | 1980 |
| Vacant homes | 4.6% | 7.5% | 10.1% |
| Population | 306,954 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Gloucester County
At this week's average 30-year rate of 7.11%, buying the median Gloucester County home of $310,400 with 20% down costs about $2,472 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,989, 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 $105,957 for the 20%-down payment. That payment is 28% of the median Gloucester County household income of $105,115; at that income and 20% down, the 28% guideline points to a home of about $308,000.
The median rent here is $1,531 a month, so owning the median home costs about $941 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,080 |
|---|---|
| Loan amount | $248,320 |
| Principal and interest | $1,670 |
| Property taxes (2.60% a year) | $673 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| PMI | $0 |
| Total per month | $2,472 |
Change the numbers in the calculator
| Down payment | $10,864 |
|---|---|
| Loan amount | $304,778 |
| Principal and interest | $2,050 |
| Property taxes (2.60% a year) | $673 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| FHA mortgage insurance | $137 |
| Total per month | $2,989 |
Change the numbers in the calculator
Questions about home buying in Gloucester County
What is the median home value in Gloucester County?
About $310,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gloucester County?
Homeowners pay a median $8,055 a year, which is about 2.60% 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 Gloucester County?
For the median home with 20% down at 7.11%, the payment is about $2,472 a month. Keeping that under 28% of gross income takes about $105,957 a year.
More about Gloucester County
- Mortgage Refinance in Gloucester County
- Debt Relief in Gloucester County
- Home Equity Loans in Gloucester County
- 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