The typical owner-occupied home in Succasunna is worth about $529,100, 16% above the New Jersey median of $454,400 and 59% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.89% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $161,712 a year, so the median home costs 3.3 times the median income (4.4 times for New Jersey). 94% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Succasunna at a glance
| Succasunna | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $529,100 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.89% | 2.11% | 0.94% |
| Median household income | $161,712 | $103,556 | $80,734 |
| Homes lived in by their owners | 94% | 64% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,096 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 22.9% | 21.0% |
| Median rent | $2,516 | $1,720 | $1,413 |
| Rent as a share of renters' income | 20.0% | 30.9% | 30.6% |
| Median year homes were built | 1969 | 1970 | 1980 |
| Vacant homes | 2.1% | 7.5% | 10.1% |
| Population | 9,799 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Succasunna
At this week's average 30-year rate of 7.11%, buying the median Succasunna home of $529,100 with 20% down costs about $3,901 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,783, 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 $167,195 for the 20%-down payment. That payment is 29% of the median Succasunna household income of $161,712; at that income and 20% down, the 28% guideline points to a home of about $512,000.
The median rent here is $2,516 a month, so owning the median home costs about $1,385 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $105,820 |
|---|---|
| Loan amount | $423,280 |
| Principal and interest | $2,847 |
| Property taxes (1.89% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| PMI | $0 |
| Total per month | $3,901 |
Change the numbers in the calculator
| Down payment | $18,518 |
|---|---|
| Loan amount | $519,517 |
| Principal and interest | $3,495 |
| Property taxes (1.89% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $220 |
| FHA mortgage insurance | $234 |
| Total per month | $4,783 |
Change the numbers in the calculator
Questions about home buying in Succasunna
What is the median home value in Succasunna?
About $529,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Succasunna?
Homeowners pay a median $10,001 a year, which is about 1.89% 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 Succasunna?
For the median home with 20% down at 7.11%, the payment is about $3,901 a month. Keeping that under 28% of gross income takes about $167,195 a year.
More about Succasunna
- Mortgage Refinance in Succasunna
- Debt Relief in Succasunna
- Home Equity Loans in Succasunna
- 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