The typical owner-occupied home in Lavallette is worth about $1,089,000, 2.4 times the New Jersey median of $454,400 and 3.3 times the national median of $332,700. Owners pay a median $7,462 a year in property taxes, about 0.69% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $133,056 a year, so the median home costs 8.2 times the median income (4.4 times for New Jersey). 78% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Lavallette at a glance
| Lavallette | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $1,089,000 | $454,400 | $332,700 |
| Median property tax paid per year | $7,462 | $9,590 | $3,119 |
| Property tax as a share of value | 0.69% | 2.11% | 0.94% |
| Median household income | $133,056 | $103,556 | $80,734 |
| Homes lived in by their owners | 78% | 64% | 65% |
| Owner homes with a mortgage | 42% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,935 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 22.9% | 21.0% |
| Median rent | $2,793 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.2% | 30.9% | 30.6% |
| Median year homes were built | 1969 | 1970 | 1980 |
| Vacant homes | 69.1% | 7.5% | 10.1% |
| Population | 1,865 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Lavallette
At this week's average 30-year rate of 7.11%, buying the median Lavallette home of $1,089,000 with 20% down costs about $6,941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,930, 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 $297,452 for the 20%-down payment. That payment is 63% of the median Lavallette household income of $133,056; at that income and 20% down, the 28% guideline points to a home of about $487,000.
The median rent here is $2,793 a month, so owning the median home costs about $4,148 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $217,800 |
|---|---|
| Loan amount | $871,200 |
| Principal and interest | $5,861 |
| Property taxes (0.69% a year) | $626 |
| Homeowners insurance (our estimate, 0.5% a year) | $454 |
| PMI | $0 |
| Total per month | $6,941 |
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| Down payment | $38,115 |
|---|---|
| Loan amount | $1,069,275 |
| Principal and interest | $7,193 |
| Property taxes (0.69% a year) | $626 |
| Homeowners insurance (our estimate, 0.5% a year) | $454 |
| FHA mortgage insurance | $657 |
| Total per month | $8,930 |
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Questions about home buying in Lavallette
What is the median home value in Lavallette?
About $1,089,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lavallette?
Homeowners pay a median $7,462 a year, which is about 0.69% 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 Lavallette?
For the median home with 20% down at 7.11%, the payment is about $6,941 a month. Keeping that under 28% of gross income takes about $297,452 a year.
More about Lavallette
- Mortgage Refinance in Lavallette
- Debt Relief in Lavallette
- Home Equity Loans in Lavallette
- 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