The typical owner-occupied home in Woodbury Heights is worth about $283,400, 38% below the New Jersey median of $454,400 and 15% below the national median of $332,700. Owners pay a median $8,910 a year in property taxes, about 3.14% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $123,083 a year, so the median home costs 2.3 times the median income (4.4 times for New Jersey). 96% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Woodbury Heights at a glance
| Woodbury Heights | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $283,400 | $454,400 | $332,700 |
| Median property tax paid per year | $8,910 | $9,590 | $3,119 |
| Property tax as a share of value | 3.14% | 2.11% | 0.94% |
| Median household income | $123,083 | $103,556 | $80,734 |
| Homes lived in by their owners | 96% | 64% | 65% |
| Owner homes with a mortgage | 64% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,340 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 22.9% | 21.0% |
| Median rent | $1,325 | $1,720 | $1,413 |
| Rent as a share of renters' income | 35.8% | 30.9% | 30.6% |
| Median year homes were built | 1964 | 1970 | 1980 |
| Vacant homes | 2.7% | 7.5% | 10.1% |
| Population | 3,117 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Woodbury Heights
At this week's average 30-year rate of 7.11%, buying the median Woodbury Heights home of $283,400 with 20% down costs about $2,385 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,857, 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 $102,206 for the 20%-down payment. That payment is 23% of the median Woodbury Heights household income of $123,083; at that income and 20% down, the 28% guideline points to a home of about $341,000.
The median rent here is $1,325 a month, so owning the median home costs about $1,060 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,680 |
|---|---|
| Loan amount | $226,720 |
| Principal and interest | $1,525 |
| Property taxes (3.14% a year) | $742 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $2,385 |
Change the numbers in the calculator
| Down payment | $9,919 |
|---|---|
| Loan amount | $278,267 |
| Principal and interest | $1,872 |
| Property taxes (3.14% a year) | $742 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $125 |
| Total per month | $2,857 |
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Questions about home buying in Woodbury Heights
What is the median home value in Woodbury Heights?
About $283,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Woodbury Heights?
Homeowners pay a median $8,910 a year, which is about 3.14% 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 Woodbury Heights?
For the median home with 20% down at 7.11%, the payment is about $2,385 a month. Keeping that under 28% of gross income takes about $102,206 a year.
More about Woodbury Heights
- Mortgage Refinance in Woodbury Heights
- Debt Relief in Woodbury Heights
- Home Equity Loans in Woodbury Heights
- 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