The typical owner-occupied home in Green Village is worth about $823,900, 81% above the New Jersey median of $454,400 and 2.5 times the national median of $332,700. Owners pay a median $9,694 a year in property taxes, about 1.18% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $88,977 a year, so the median home costs 9.3 times the median income (4.4 times for New Jersey). 50% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Green Village at a glance
| Green Village | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $823,900 | $454,400 | $332,700 |
| Median property tax paid per year | $9,694 | $9,590 | $3,119 |
| Property tax as a share of value | 1.18% | 2.11% | 0.94% |
| Median household income | $88,977 | $103,556 | $80,734 |
| Homes lived in by their owners | 50% | 64% | 65% |
| Owner homes with a mortgage | 32% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,816 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 46.7% | 22.9% | 21.0% |
| Median rent | $2,782 | $1,720 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1973 | 1970 | 1980 |
| Vacant homes | 2.9% | 7.5% | 10.1% |
| Population | 1,130 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Green Village
At this week's average 30-year rate of 7.11%, buying the median Green Village home of $823,900 with 20% down costs about $5,587 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,092, 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 $239,460 for the 20%-down payment. That payment is 75% of the median Green Village household income of $88,977; at that income and 20% down, the 28% guideline points to a home of about $306,000.
The median rent here is $2,782 a month, so owning the median home costs about $2,805 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $164,780 |
|---|---|
| Loan amount | $659,120 |
| Principal and interest | $4,434 |
| Property taxes (1.18% a year) | $810 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| PMI | $0 |
| Total per month | $5,587 |
Change the numbers in the calculator
| Down payment | $28,836 |
|---|---|
| Loan amount | $808,977 |
| Principal and interest | $5,442 |
| Property taxes (1.18% a year) | $810 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| FHA mortgage insurance | $497 |
| Total per month | $7,092 |
Change the numbers in the calculator
Questions about home buying in Green Village
What is the median home value in Green Village?
About $823,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Green Village?
Homeowners pay a median $9,694 a year, which is about 1.18% 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 Green Village?
For the median home with 20% down at 7.11%, the payment is about $5,587 a month. Keeping that under 28% of gross income takes about $239,460 a year.
More about Green Village
- Mortgage Refinance in Green Village
- Debt Relief in Green Village
- Home Equity Loans in Green Village
- 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