The typical owner-occupied home in Hancocks Bridge is worth about $124,700, 73% below the New Jersey median of $454,400 and 63% below the national median of $332,700. Owners pay a median $2,159 a year in property taxes, about 1.73% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $80,625 a year, so the median home costs 1.5 times the median income (4.4 times for New Jersey). 56% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Hancocks Bridge at a glance
| Hancocks Bridge | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $124,700 | $454,400 | $332,700 |
| Median property tax paid per year | $2,159 | $9,590 | $3,119 |
| Property tax as a share of value | 1.73% | 2.11% | 0.94% |
| Median household income | $80,625 | $103,556 | $80,734 |
| Homes lived in by their owners | 56% | 64% | 65% |
| Owner homes with a mortgage | 37% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,333 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 4.3% | 7.5% | 10.1% |
| Population | 320 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Hancocks Bridge
At this week's average 30-year rate of 7.11%, buying the median Hancocks Bridge home of $124,700 with 20% down costs about $903 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,111, 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 $38,692 for the 20%-down payment. That payment is 13% of the median Hancocks Bridge household income of $80,625; at that income and 20% down, the 28% guideline points to a home of about $260,000.
| Down payment | $24,940 |
|---|---|
| Loan amount | $99,760 |
| Principal and interest | $671 |
| Property taxes (1.73% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $903 |
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| Down payment | $4,364 |
|---|---|
| Loan amount | $122,441 |
| Principal and interest | $824 |
| Property taxes (1.73% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,111 |
Change the numbers in the calculator
Questions about home buying in Hancocks Bridge
What is the median home value in Hancocks Bridge?
About $124,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hancocks Bridge?
Homeowners pay a median $2,159 a year, which is about 1.73% 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 Hancocks Bridge?
For the median home with 20% down at 7.11%, the payment is about $903 a month. Keeping that under 28% of gross income takes about $38,692 a year.
More about Hancocks Bridge
- Mortgage Refinance in Hancocks Bridge
- Debt Relief in Hancocks Bridge
- Home Equity Loans in Hancocks Bridge
- 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