The typical owner-occupied home in Allenhurst is worth about $1,152,800, 2.5 times the New Jersey median of $454,400 and 3.5 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.87% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $99,375 a year, so the median home costs 11.6 times the median income (4.4 times for New Jersey). 52% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Allenhurst at a glance
| Allenhurst | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $1,152,800 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 0.87% | 2.11% | 0.94% |
| Median household income | $99,375 | $103,556 | $80,734 |
| Homes lived in by their owners | 52% | 64% | 65% |
| Owner homes with a mortgage | 28% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,625 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 22.9% | 21.0% |
| Median rent | $1,602 | $1,720 | $1,413 |
| Rent as a share of renters' income | 23.5% | 30.9% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 47.7% | 7.5% | 10.1% |
| Population | 376 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Allenhurst
At this week's average 30-year rate of 7.11%, buying the median Allenhurst home of $1,152,800 with 20% down costs about $7,520 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $9,626, 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 $322,289 for the 20%-down payment. That payment is 91% of the median Allenhurst household income of $99,375; at that income and 20% down, the 28% guideline points to a home of about $355,000.
The median rent here is $1,602 a month, so owning the median home costs about $5,918 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $230,560 |
|---|---|
| Loan amount | $922,240 |
| Principal and interest | $6,204 |
| Property taxes (0.87% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $480 |
| PMI | $0 |
| Total per month | $7,520 |
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| Down payment | $40,348 |
|---|---|
| Loan amount | $1,131,920 |
| Principal and interest | $7,614 |
| Property taxes (0.87% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $480 |
| FHA mortgage insurance | $695 |
| Total per month | $9,626 |
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Questions about home buying in Allenhurst
What is the median home value in Allenhurst?
About $1,152,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Allenhurst?
Homeowners pay a median $10,001 a year, which is about 0.87% 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 Allenhurst?
For the median home with 20% down at 7.11%, the payment is about $7,520 a month. Keeping that under 28% of gross income takes about $322,289 a year.
More about Allenhurst
- Mortgage Refinance in Allenhurst
- Debt Relief in Allenhurst
- Home Equity Loans in Allenhurst
- 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