The typical owner-occupied home in Deal is worth about $1,642,000, 3.6 times the New Jersey median of $454,400 and 4.9 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.61% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $113,854 a year, so the median home costs 14.4 times the median income (4.4 times for New Jersey). 67% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Deal at a glance
| Deal | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $1,642,000 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 0.61% | 2.11% | 0.94% |
| Median household income | $113,854 | $103,556 | $80,734 |
| Homes lived in by their owners | 67% | 64% | 65% |
| Owner homes with a mortgage | 46% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 28.1% | 22.9% | 21.0% |
| Median rent | $1,981 | $1,720 | $1,413 |
| Rent as a share of renters' income | 24.5% | 30.9% | 30.6% |
| Median year homes were built | 1944 | 1970 | 1980 |
| Vacant homes | 72.7% | 7.5% | 10.1% |
| Population | 686 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Deal
At this week's average 30-year rate of 7.11%, buying the median Deal home of $1,642,000 with 20% down costs about $10,356 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,355, 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 $443,808 for the 20%-down payment. That payment is 109% of the median Deal household income of $113,854; at that income and 20% down, the 28% guideline points to a home of about $421,000.
The median rent here is $1,981 a month, so owning the median home costs about $8,375 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $328,400 |
|---|---|
| Loan amount | $1,313,600 |
| Principal and interest | $8,837 |
| Property taxes (0.61% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $684 |
| PMI | $0 |
| Total per month | $10,356 |
Change the numbers in the calculator
| Down payment | $57,470 |
|---|---|
| Loan amount | $1,612,259 |
| Principal and interest | $10,846 |
| Property taxes (0.61% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $684 |
| FHA mortgage insurance | $990 |
| Total per month | $13,355 |
Change the numbers in the calculator
Questions about home buying in Deal
What is the median home value in Deal?
About $1,642,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Deal?
Homeowners pay a median $10,001 a year, which is about 0.61% 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 Deal?
For the median home with 20% down at 7.11%, the payment is about $10,356 a month. Keeping that under 28% of gross income takes about $443,808 a year.
More about Deal
- Mortgage Refinance in Deal
- Debt Relief in Deal
- Home Equity Loans in Deal
- 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