The typical owner-occupied home in Grenloch is worth about $238,000, 48% below the New Jersey median of $454,400 and 28% below the national median of $332,700. Owners pay a median $8,415 a year in property taxes, about 3.54% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $148,068 a year, so the median home costs 1.6 times the median income (4.4 times for New Jersey). 100% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Grenloch at a glance
| Grenloch | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $238,000 | $454,400 | $332,700 |
| Median property tax paid per year | $8,415 | $9,590 | $3,119 |
| Property tax as a share of value | 3.54% | 2.11% | 0.94% |
| Median household income | $148,068 | $103,556 | $80,734 |
| Homes lived in by their owners | 100% | 64% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,107 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1955 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 666 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Grenloch
At this week's average 30-year rate of 7.11%, buying the median Grenloch home of $238,000 with 20% down costs about $2,082 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,479, 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 $89,233 for the 20%-down payment. That payment is 17% of the median Grenloch household income of $148,068; at that income and 20% down, the 28% guideline points to a home of about $395,000.
| Down payment | $47,600 |
|---|---|
| Loan amount | $190,400 |
| Principal and interest | $1,281 |
| Property taxes (3.54% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $2,082 |
Change the numbers in the calculator
| Down payment | $8,330 |
|---|---|
| Loan amount | $233,689 |
| Principal and interest | $1,572 |
| Property taxes (3.54% a year) | $702 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $2,479 |
Change the numbers in the calculator
Questions about home buying in Grenloch
What is the median home value in Grenloch?
About $238,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grenloch?
Homeowners pay a median $8,415 a year, which is about 3.54% 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 Grenloch?
For the median home with 20% down at 7.11%, the payment is about $2,082 a month. Keeping that under 28% of gross income takes about $89,233 a year.
More about Grenloch
- Mortgage Refinance in Grenloch
- Debt Relief in Grenloch
- Home Equity Loans in Grenloch
- 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