The typical owner-occupied home in Bloomsbury is worth about $348,200, 23% below the New Jersey median of $454,400 and 5% above the national median of $332,700. Owners pay a median $7,358 a year in property taxes, about 2.11% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $92,500 a year, so the median home costs 3.8 times the median income (4.4 times for New Jersey). 61% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Bloomsbury at a glance
| Bloomsbury | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $348,200 | $454,400 | $332,700 |
| Median property tax paid per year | $7,358 | $9,590 | $3,119 |
| Property tax as a share of value | 2.11% | 2.11% | 0.94% |
| Median household income | $92,500 | $103,556 | $80,734 |
| Homes lived in by their owners | 61% | 64% | 65% |
| Owner homes with a mortgage | 73% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,093 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 22.9% | 21.0% |
| Median rent | $1,500 | $1,720 | $1,413 |
| Rent as a share of renters' income | 37.7% | 30.9% | 30.6% |
| Median year homes were built | 1949 | 1970 | 1980 |
| Vacant homes | 7.1% | 7.5% | 10.1% |
| Population | 841 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Bloomsbury
At this week's average 30-year rate of 7.11%, buying the median Bloomsbury home of $348,200 with 20% down costs about $2,631 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,211, 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 $112,767 for the 20%-down payment. That payment is 34% of the median Bloomsbury household income of $92,500; at that income and 20% down, the 28% guideline points to a home of about $286,000.
The median rent here is $1,500 a month, so owning the median home costs about $1,131 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,640 |
|---|---|
| Loan amount | $278,560 |
| Principal and interest | $1,874 |
| Property taxes (2.11% a year) | $612 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,631 |
Change the numbers in the calculator
| Down payment | $12,187 |
|---|---|
| Loan amount | $341,893 |
| Principal and interest | $2,300 |
| Property taxes (2.11% a year) | $612 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $3,211 |
Change the numbers in the calculator
Questions about home buying in Bloomsbury
What is the median home value in Bloomsbury?
About $348,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bloomsbury?
Homeowners pay a median $7,358 a year, which is about 2.11% 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 Bloomsbury?
For the median home with 20% down at 7.11%, the payment is about $2,631 a month. Keeping that under 28% of gross income takes about $112,767 a year.
More about Bloomsbury
- Mortgage Refinance in Bloomsbury
- Debt Relief in Bloomsbury
- Home Equity Loans in Bloomsbury
- 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