The typical owner-occupied home in Frenchtown is worth about $383,600, 16% below the New Jersey median of $454,400 and 15% above the national median of $332,700. Owners pay a median $9,820 a year in property taxes, about 2.56% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $97,917 a year, so the median home costs 3.9 times the median income (4.4 times for New Jersey). 52% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Frenchtown at a glance
| Frenchtown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $383,600 | $454,400 | $332,700 |
| Median property tax paid per year | $9,820 | $9,590 | $3,119 |
| Property tax as a share of value | 2.56% | 2.11% | 0.94% |
| Median household income | $97,917 | $103,556 | $80,734 |
| Homes lived in by their owners | 52% | 64% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,731 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 25.5% | 22.9% | 21.0% |
| Median rent | $1,761 | $1,720 | $1,413 |
| Rent as a share of renters' income | 29.0% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,752 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Frenchtown
At this week's average 30-year rate of 7.11%, buying the median Frenchtown home of $383,600 with 20% down costs about $3,043 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,682, 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 $130,396 for the 20%-down payment. That payment is 37% of the median Frenchtown household income of $97,917; at that income and 20% down, the 28% guideline points to a home of about $288,000.
The median rent here is $1,761 a month, so owning the median home costs about $1,282 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $76,720 |
|---|---|
| Loan amount | $306,880 |
| Principal and interest | $2,064 |
| Property taxes (2.56% a year) | $818 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $3,043 |
Change the numbers in the calculator
| Down payment | $13,426 |
|---|---|
| Loan amount | $376,652 |
| Principal and interest | $2,534 |
| Property taxes (2.56% a year) | $818 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $170 |
| Total per month | $3,682 |
Change the numbers in the calculator
Questions about home buying in Frenchtown
What is the median home value in Frenchtown?
About $383,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Frenchtown?
Homeowners pay a median $9,820 a year, which is about 2.56% 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 Frenchtown?
For the median home with 20% down at 7.11%, the payment is about $3,043 a month. Keeping that under 28% of gross income takes about $130,396 a year.
More about Frenchtown
- Mortgage Refinance in Frenchtown
- Debt Relief in Frenchtown
- Home Equity Loans in Frenchtown
- 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