The typical owner-occupied home in Little Silver is worth about $955,900, 2.1 times the New Jersey median of $454,400 and 2.9 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.05% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $240,853 a year, so the median home costs 4.0 times the median income (4.4 times for New Jersey). 96% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Little Silver at a glance
| Little Silver | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $955,900 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.05% | 2.11% | 0.94% |
| Median household income | $240,853 | $103,556 | $80,734 |
| Homes lived in by their owners | 96% | 64% | 65% |
| Owner homes with a mortgage | 74% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 22.9% | 21.0% |
| Median rent | $3,501 | $1,720 | $1,413 |
| Rent as a share of renters' income | 18.1% | 30.9% | 30.6% |
| Median year homes were built | 1958 | 1970 | 1980 |
| Vacant homes | 1.6% | 7.5% | 10.1% |
| Population | 6,105 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Little Silver
At this week's average 30-year rate of 7.11%, buying the median Little Silver home of $955,900 with 20% down costs about $6,379 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,125, 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 $273,387 for the 20%-down payment. That payment is 32% of the median Little Silver household income of $240,853; at that income and 20% down, the 28% guideline points to a home of about $842,000.
The median rent here is $3,501 a month, so owning the median home costs about $2,878 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $191,180 |
|---|---|
| Loan amount | $764,720 |
| Principal and interest | $5,144 |
| Property taxes (1.05% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $398 |
| PMI | $0 |
| Total per month | $6,379 |
Change the numbers in the calculator
| Down payment | $33,456 |
|---|---|
| Loan amount | $938,586 |
| Principal and interest | $6,314 |
| Property taxes (1.05% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $398 |
| FHA mortgage insurance | $577 |
| Total per month | $8,125 |
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Questions about home buying in Little Silver
What is the median home value in Little Silver?
About $955,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Little Silver?
Homeowners pay a median $10,001 a year, which is about 1.05% 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 Little Silver?
For the median home with 20% down at 7.11%, the payment is about $6,379 a month. Keeping that under 28% of gross income takes about $273,387 a year.
More about Little Silver
- Mortgage Refinance in Little Silver
- Debt Relief in Little Silver
- Home Equity Loans in Little Silver
- 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