The typical owner-occupied home in Eatontown is worth about $492,400, 8% above the New Jersey median of $454,400 and 48% above the national median of $332,700. Owners pay a median $8,887 a year in property taxes, about 1.80% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $90,463 a year, so the median home costs 5.4 times the median income (4.4 times for New Jersey). 58% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Eatontown at a glance
| Eatontown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $492,400 | $454,400 | $332,700 |
| Median property tax paid per year | $8,887 | $9,590 | $3,119 |
| Property tax as a share of value | 1.80% | 2.11% | 0.94% |
| Median household income | $90,463 | $103,556 | $80,734 |
| Homes lived in by their owners | 58% | 64% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,800 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 22.9% | 21.0% |
| Median rent | $1,601 | $1,720 | $1,413 |
| Rent as a share of renters' income | 28.2% | 30.9% | 30.6% |
| Median year homes were built | 1971 | 1970 | 1980 |
| Vacant homes | 4.2% | 7.5% | 10.1% |
| Population | 13,575 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Eatontown
At this week's average 30-year rate of 7.11%, buying the median Eatontown home of $492,400 with 20% down costs about $3,594 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,414, 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 $154,015 for the 20%-down payment. That payment is 48% of the median Eatontown household income of $90,463; at that income and 20% down, the 28% guideline points to a home of about $289,000.
The median rent here is $1,601 a month, so owning the median home costs about $1,993 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $98,480 |
|---|---|
| Loan amount | $393,920 |
| Principal and interest | $2,650 |
| Property taxes (1.80% a year) | $739 |
| Homeowners insurance (our estimate, 0.5% a year) | $205 |
| PMI | $0 |
| Total per month | $3,594 |
Change the numbers in the calculator
| Down payment | $17,234 |
|---|---|
| Loan amount | $483,481 |
| Principal and interest | $3,252 |
| Property taxes (1.80% a year) | $739 |
| Homeowners insurance (our estimate, 0.5% a year) | $205 |
| FHA mortgage insurance | $218 |
| Total per month | $4,414 |
Change the numbers in the calculator
Questions about home buying in Eatontown
What is the median home value in Eatontown?
About $492,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Eatontown?
Homeowners pay a median $8,887 a year, which is about 1.80% 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 Eatontown?
For the median home with 20% down at 7.11%, the payment is about $3,594 a month. Keeping that under 28% of gross income takes about $154,015 a year.
More about Eatontown
- Mortgage Refinance in Eatontown
- Debt Relief in Eatontown
- Home Equity Loans in Eatontown
- 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