The typical owner-occupied home in Netcong is worth about $346,100, 24% below the New Jersey median of $454,400 and 4% above the national median of $332,700. Owners pay a median $9,142 a year in property taxes, about 2.64% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $83,958 a year, so the median home costs 4.1 times the median income (4.4 times for New Jersey). 58% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Netcong at a glance
| Netcong | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $346,100 | $454,400 | $332,700 |
| Median property tax paid per year | $9,142 | $9,590 | $3,119 |
| Property tax as a share of value | 2.64% | 2.11% | 0.94% |
| Median household income | $83,958 | $103,556 | $80,734 |
| Homes lived in by their owners | 58% | 64% | 65% |
| Owner homes with a mortgage | 76% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,635 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 22.9% | 21.0% |
| Median rent | $1,432 | $1,720 | $1,413 |
| Rent as a share of renters' income | 40.4% | 30.9% | 30.6% |
| Median year homes were built | 1954 | 1970 | 1980 |
| Vacant homes | 6.5% | 7.5% | 10.1% |
| Population | 3,659 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Netcong
At this week's average 30-year rate of 7.11%, buying the median Netcong home of $346,100 with 20% down costs about $2,768 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,345, 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 $118,638 for the 20%-down payment. That payment is 40% of the median Netcong household income of $83,958; at that income and 20% down, the 28% guideline points to a home of about $245,000.
The median rent here is $1,432 a month, so owning the median home costs about $1,336 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,220 |
|---|---|
| Loan amount | $276,880 |
| Principal and interest | $1,863 |
| Property taxes (2.64% a year) | $761 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,768 |
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| Down payment | $12,114 |
|---|---|
| Loan amount | $339,831 |
| Principal and interest | $2,286 |
| Property taxes (2.64% a year) | $761 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $3,345 |
Change the numbers in the calculator
Questions about home buying in Netcong
What is the median home value in Netcong?
About $346,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Netcong?
Homeowners pay a median $9,142 a year, which is about 2.64% 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 Netcong?
For the median home with 20% down at 7.11%, the payment is about $2,768 a month. Keeping that under 28% of gross income takes about $118,638 a year.
More about Netcong
- Mortgage Refinance in Netcong
- Debt Relief in Netcong
- Home Equity Loans in Netcong
- 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