The typical owner-occupied home in Gillette is worth about $635,900, 40% above the New Jersey median of $454,400 and 91% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.57% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $109,050 a year, so the median home costs 5.8 times the median income (4.4 times for New Jersey). 94% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Gillette at a glance
| Gillette | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $635,900 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.57% | 2.11% | 0.94% |
| Median household income | $109,050 | $103,556 | $80,734 |
| Homes lived in by their owners | 94% | 64% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,648 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 29.3% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1962 | 1970 | 1980 |
| Vacant homes | 5.7% | 7.5% | 10.1% |
| Population | 2,833 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Gillette
At this week's average 30-year rate of 7.11%, buying the median Gillette home of $635,900 with 20% down costs about $4,519 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,578, 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 $193,677 for the 20%-down payment. That payment is 50% of the median Gillette household income of $109,050; at that income and 20% down, the 28% guideline points to a home of about $358,000.
| Down payment | $127,180 |
|---|---|
| Loan amount | $508,720 |
| Principal and interest | $3,422 |
| Property taxes (1.57% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| PMI | $0 |
| Total per month | $4,519 |
Change the numbers in the calculator
| Down payment | $22,256 |
|---|---|
| Loan amount | $624,382 |
| Principal and interest | $4,200 |
| Property taxes (1.57% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $265 |
| FHA mortgage insurance | $281 |
| Total per month | $5,578 |
Change the numbers in the calculator
Questions about home buying in Gillette
What is the median home value in Gillette?
About $635,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gillette?
Homeowners pay a median $10,001 a year, which is about 1.57% 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 Gillette?
For the median home with 20% down at 7.11%, the payment is about $4,519 a month. Keeping that under 28% of gross income takes about $193,677 a year.
More about Gillette
- Mortgage Refinance in Gillette
- Debt Relief in Gillette
- Home Equity Loans in Gillette
- 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