The typical owner-occupied home in Freehold is worth about $416,800, 8% below the New Jersey median of $454,400 and 25% above the national median of $332,700. Owners pay a median $8,830 a year in property taxes, about 2.12% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $85,707 a year, so the median home costs 4.9 times the median income (4.4 times for New Jersey). 54% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Freehold at a glance
| Freehold | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $416,800 | $454,400 | $332,700 |
| Median property tax paid per year | $8,830 | $9,590 | $3,119 |
| Property tax as a share of value | 2.12% | 2.11% | 0.94% |
| Median household income | $85,707 | $103,556 | $80,734 |
| Homes lived in by their owners | 54% | 64% | 65% |
| Owner homes with a mortgage | 60% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,577 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 27.9% | 22.9% | 21.0% |
| Median rent | $1,832 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.7% | 30.9% | 30.6% |
| Median year homes were built | 1960 | 1970 | 1980 |
| Vacant homes | 4.1% | 7.5% | 10.1% |
| Population | 12,507 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Freehold
At this week's average 30-year rate of 7.11%, buying the median Freehold home of $416,800 with 20% down costs about $3,153 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,847, 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 $135,132 for the 20%-down payment. That payment is 44% of the median Freehold household income of $85,707; at that income and 20% down, the 28% guideline points to a home of about $264,000.
The median rent here is $1,832 a month, so owning the median home costs about $1,321 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $83,360 |
|---|---|
| Loan amount | $333,440 |
| Principal and interest | $2,243 |
| Property taxes (2.12% a year) | $736 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $3,153 |
Change the numbers in the calculator
| Down payment | $14,588 |
|---|---|
| Loan amount | $409,251 |
| Principal and interest | $2,753 |
| Property taxes (2.12% a year) | $736 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $184 |
| Total per month | $3,847 |
Change the numbers in the calculator
Questions about home buying in Freehold
What is the median home value in Freehold?
About $416,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Freehold?
Homeowners pay a median $8,830 a year, which is about 2.12% 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 Freehold?
For the median home with 20% down at 7.11%, the payment is about $3,153 a month. Keeping that under 28% of gross income takes about $135,132 a year.
More about Freehold
- Mortgage Refinance in Freehold
- Debt Relief in Freehold
- Home Equity Loans in Freehold
- 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