The typical owner-occupied home in Waretown is worth about $505,800, 11% above the New Jersey median of $454,400 and 52% above the national median of $332,700. Owners pay a median $7,410 a year in property taxes, about 1.47% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $121,538 a year, so the median home costs 4.2 times the median income (4.4 times for New Jersey). 83% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Waretown at a glance
| Waretown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $505,800 | $454,400 | $332,700 |
| Median property tax paid per year | $7,410 | $9,590 | $3,119 |
| Property tax as a share of value | 1.47% | 2.11% | 0.94% |
| Median household income | $121,538 | $103,556 | $80,734 |
| Homes lived in by their owners | 83% | 64% | 65% |
| Owner homes with a mortgage | 60% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,656 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1964 | 1970 | 1980 |
| Vacant homes | 10.3% | 7.5% | 10.1% |
| Population | 2,076 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Waretown
At this week's average 30-year rate of 7.11%, buying the median Waretown home of $505,800 with 20% down costs about $3,552 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,395, 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 $152,246 for the 20%-down payment. That payment is 35% of the median Waretown household income of $121,538; at that income and 20% down, the 28% guideline points to a home of about $404,000.
| Down payment | $101,160 |
|---|---|
| Loan amount | $404,640 |
| Principal and interest | $2,722 |
| Property taxes (1.47% a year) | $620 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| PMI | $0 |
| Total per month | $3,552 |
Change the numbers in the calculator
| Down payment | $17,703 |
|---|---|
| Loan amount | $496,639 |
| Principal and interest | $3,341 |
| Property taxes (1.47% a year) | $620 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| FHA mortgage insurance | $224 |
| Total per month | $4,395 |
Change the numbers in the calculator
Questions about home buying in Waretown
What is the median home value in Waretown?
About $505,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waretown?
Homeowners pay a median $7,410 a year, which is about 1.47% 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 Waretown?
For the median home with 20% down at 7.11%, the payment is about $3,552 a month. Keeping that under 28% of gross income takes about $152,246 a year.
More about Waretown
- Mortgage Refinance in Waretown
- Debt Relief in Waretown
- Home Equity Loans in Waretown
- 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