The typical owner-occupied home in Mount Arlington is worth about $422,900, 7% below the New Jersey median of $454,400 and 27% above the national median of $332,700. Owners pay a median $8,482 a year in property taxes, about 2.01% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $92,264 a year, so the median home costs 4.6 times the median income (4.4 times for New Jersey). 75% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Mount Arlington at a glance
| Mount Arlington | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $422,900 | $454,400 | $332,700 |
| Median property tax paid per year | $8,482 | $9,590 | $3,119 |
| Property tax as a share of value | 2.01% | 2.11% | 0.94% |
| Median household income | $92,264 | $103,556 | $80,734 |
| Homes lived in by their owners | 75% | 64% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,566 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 28.2% | 22.9% | 21.0% |
| Median rent | $2,392 | $1,720 | $1,413 |
| Rent as a share of renters' income | 29.2% | 30.9% | 30.6% |
| Median year homes were built | 1990 | 1970 | 1980 |
| Vacant homes | 8.3% | 7.5% | 10.1% |
| Population | 5,935 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Mount Arlington
At this week's average 30-year rate of 7.11%, buying the median Mount Arlington home of $422,900 with 20% down costs about $3,160 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,865, 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 $135,449 for the 20%-down payment. That payment is 41% of the median Mount Arlington household income of $92,264; at that income and 20% down, the 28% guideline points to a home of about $288,000.
The median rent here is $2,392 a month, so owning the median home costs about $768 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,580 |
|---|---|
| Loan amount | $338,320 |
| Principal and interest | $2,276 |
| Property taxes (2.01% a year) | $708 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $3,160 |
Change the numbers in the calculator
| Down payment | $14,802 |
|---|---|
| Loan amount | $415,240 |
| Principal and interest | $2,793 |
| Property taxes (2.01% a year) | $708 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $187 |
| Total per month | $3,865 |
Change the numbers in the calculator
Questions about home buying in Mount Arlington
What is the median home value in Mount Arlington?
About $422,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Arlington?
Homeowners pay a median $8,482 a year, which is about 2.01% 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 Mount Arlington?
For the median home with 20% down at 7.11%, the payment is about $3,160 a month. Keeping that under 28% of gross income takes about $135,449 a year.
More about Mount Arlington
- Mortgage Refinance in Mount Arlington
- Debt Relief in Mount Arlington
- Home Equity Loans in Mount Arlington
- 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