The typical owner-occupied home in Port Reading is worth about $435,600, 4% below the New Jersey median of $454,400 and 31% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 2.30% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $134,479 a year, so the median home costs 3.2 times the median income (4.4 times for New Jersey). 97% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Port Reading at a glance
| Port Reading | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $435,600 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 2.30% | 2.11% | 0.94% |
| Median household income | $134,479 | $103,556 | $80,734 |
| Homes lived in by their owners | 97% | 64% | 65% |
| Owner homes with a mortgage | 67% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,585 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 25.5% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1962 | 1970 | 1980 |
| Vacant homes | 3.7% | 7.5% | 10.1% |
| Population | 3,511 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Port Reading
At this week's average 30-year rate of 7.11%, buying the median Port Reading home of $435,600 with 20% down costs about $3,361 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,086, 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 $144,028 for the 20%-down payment. That payment is 30% of the median Port Reading household income of $134,479; at that income and 20% down, the 28% guideline points to a home of about $407,000.
| Down payment | $87,120 |
|---|---|
| Loan amount | $348,480 |
| Principal and interest | $2,344 |
| Property taxes (2.30% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| PMI | $0 |
| Total per month | $3,361 |
Change the numbers in the calculator
| Down payment | $15,246 |
|---|---|
| Loan amount | $427,710 |
| Principal and interest | $2,877 |
| Property taxes (2.30% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| FHA mortgage insurance | $193 |
| Total per month | $4,086 |
Change the numbers in the calculator
Questions about home buying in Port Reading
What is the median home value in Port Reading?
About $435,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Reading?
Homeowners pay a median $10,001 a year, which is about 2.30% 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 Port Reading?
For the median home with 20% down at 7.11%, the payment is about $3,361 a month. Keeping that under 28% of gross income takes about $144,028 a year.
More about Port Reading
- Mortgage Refinance in Port Reading
- Debt Relief in Port Reading
- Home Equity Loans in Port Reading
- 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