The typical owner-occupied home in Mount Tabor is worth about $454,800, about the same as the New Jersey median of $454,400 and 37% above the national median of $332,700. Owners pay a median $8,832 a year in property taxes, about 1.94% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $115,199 a year, so the median home costs 3.9 times the median income (4.4 times for New Jersey). 93% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Mount Tabor at a glance
| Mount Tabor | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $454,800 | $454,400 | $332,700 |
| Median property tax paid per year | $8,832 | $9,590 | $3,119 |
| Property tax as a share of value | 1.94% | 2.11% | 0.94% |
| Median household income | $115,199 | $103,556 | $80,734 |
| Homes lived in by their owners | 93% | 64% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,045 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 25.8% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1947 | 1970 | 1980 |
| Vacant homes | 2.2% | 7.5% | 10.1% |
| Population | 1,184 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Mount Tabor
At this week's average 30-year rate of 7.11%, buying the median Mount Tabor home of $454,800 with 20% down costs about $3,372 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,130, 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 $144,528 for the 20%-down payment. That payment is 35% of the median Mount Tabor household income of $115,199; at that income and 20% down, the 28% guideline points to a home of about $363,000.
| Down payment | $90,960 |
|---|---|
| Loan amount | $363,840 |
| Principal and interest | $2,448 |
| Property taxes (1.94% a year) | $735 |
| Homeowners insurance (our estimate, 0.5% a year) | $190 |
| PMI | $0 |
| Total per month | $3,372 |
Change the numbers in the calculator
| Down payment | $15,918 |
|---|---|
| Loan amount | $446,562 |
| Principal and interest | $3,004 |
| Property taxes (1.94% a year) | $735 |
| Homeowners insurance (our estimate, 0.5% a year) | $190 |
| FHA mortgage insurance | $201 |
| Total per month | $4,130 |
Change the numbers in the calculator
Questions about home buying in Mount Tabor
What is the median home value in Mount Tabor?
About $454,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Tabor?
Homeowners pay a median $8,832 a year, which is about 1.94% 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 Tabor?
For the median home with 20% down at 7.11%, the payment is about $3,372 a month. Keeping that under 28% of gross income takes about $144,528 a year.
More about Mount Tabor
- Mortgage Refinance in Mount Tabor
- Debt Relief in Mount Tabor
- Home Equity Loans in Mount Tabor
- 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