The typical owner-occupied home in Cream Ridge is worth about $864,500, 90% above the New Jersey median of $454,400 and 2.6 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.16% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $212,768 a year, so the median home costs 4.1 times the median income (4.4 times for New Jersey). 100% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Cream Ridge at a glance
| Cream Ridge | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $864,500 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.16% | 2.11% | 0.94% |
| Median household income | $212,768 | $103,556 | $80,734 |
| Homes lived in by their owners | 100% | 64% | 65% |
| Owner homes with a mortgage | 78% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 2004 | 1970 | 1980 |
| Vacant homes | 19.9% | 7.5% | 10.1% |
| Population | 727 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Cream Ridge
At this week's average 30-year rate of 7.11%, buying the median Cream Ridge home of $864,500 with 20% down costs about $5,848 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,428, 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 $250,643 for the 20%-down payment. That payment is 33% of the median Cream Ridge household income of $212,768; at that income and 20% down, the 28% guideline points to a home of about $734,000.
| Down payment | $172,900 |
|---|---|
| Loan amount | $691,600 |
| Principal and interest | $4,652 |
| Property taxes (1.16% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $360 |
| PMI | $0 |
| Total per month | $5,848 |
Change the numbers in the calculator
| Down payment | $30,258 |
|---|---|
| Loan amount | $848,842 |
| Principal and interest | $5,710 |
| Property taxes (1.16% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $360 |
| FHA mortgage insurance | $521 |
| Total per month | $7,428 |
Change the numbers in the calculator
Questions about home buying in Cream Ridge
What is the median home value in Cream Ridge?
About $864,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cream Ridge?
Homeowners pay a median $10,001 a year, which is about 1.16% 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 Cream Ridge?
For the median home with 20% down at 7.11%, the payment is about $5,848 a month. Keeping that under 28% of gross income takes about $250,643 a year.
More about Cream Ridge
- Mortgage Refinance in Cream Ridge
- Debt Relief in Cream Ridge
- Home Equity Loans in Cream Ridge
- 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