The typical owner-occupied home in Paulsboro is worth about $202,700, 55% below the New Jersey median of $454,400 and 39% below the national median of $332,700. Owners pay a median $5,731 a year in property taxes, about 2.83% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $64,239 a year, so the median home costs 3.2 times the median income (4.4 times for New Jersey). 62% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Paulsboro at a glance
| Paulsboro | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $202,700 | $454,400 | $332,700 |
| Median property tax paid per year | $5,731 | $9,590 | $3,119 |
| Property tax as a share of value | 2.83% | 2.11% | 0.94% |
| Median household income | $64,239 | $103,556 | $80,734 |
| Homes lived in by their owners | 62% | 64% | 65% |
| Owner homes with a mortgage | 67% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,653 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 27.2% | 22.9% | 21.0% |
| Median rent | $976 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.6% | 30.9% | 30.6% |
| Median year homes were built | 1955 | 1970 | 1980 |
| Vacant homes | 12.5% | 7.5% | 10.1% |
| Population | 6,248 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Paulsboro
At this week's average 30-year rate of 7.11%, buying the median Paulsboro home of $202,700 with 20% down costs about $1,653 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,991, 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 $70,858 for the 20%-down payment. That payment is 31% of the median Paulsboro household income of $64,239; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $976 a month, so owning the median home costs about $677 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,540 |
|---|---|
| Loan amount | $162,160 |
| Principal and interest | $1,091 |
| Property taxes (2.83% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,653 |
Change the numbers in the calculator
| Down payment | $7,094 |
|---|---|
| Loan amount | $199,029 |
| Principal and interest | $1,339 |
| Property taxes (2.83% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $90 |
| Total per month | $1,991 |
Change the numbers in the calculator
Questions about home buying in Paulsboro
What is the median home value in Paulsboro?
About $202,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Paulsboro?
Homeowners pay a median $5,731 a year, which is about 2.83% 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 Paulsboro?
For the median home with 20% down at 7.11%, the payment is about $1,653 a month. Keeping that under 28% of gross income takes about $70,858 a year.
More about Paulsboro
- Mortgage Refinance in Paulsboro
- Debt Relief in Paulsboro
- Home Equity Loans in Paulsboro
- 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