The typical owner-occupied home in Pedricktown is worth about $193,900, 57% below the New Jersey median of $454,400 and 42% below the national median of $332,700. Owners pay a median $4,548 a year in property taxes, about 2.35% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $90,417 a year, so the median home costs 2.1 times the median income (4.4 times for New Jersey). 86% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Pedricktown at a glance
| Pedricktown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $193,900 | $454,400 | $332,700 |
| Median property tax paid per year | $4,548 | $9,590 | $3,119 |
| Property tax as a share of value | 2.35% | 2.11% | 0.94% |
| Median household income | $90,417 | $103,556 | $80,734 |
| Homes lived in by their owners | 86% | 64% | 65% |
| Owner homes with a mortgage | 45% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,464 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 22.9% | 21.0% |
| Median rent | $1,857 | $1,720 | $1,413 |
| Rent as a share of renters' income | 22.9% | 30.9% | 30.6% |
| Median year homes were built | 1952 | 1970 | 1980 |
| Vacant homes | 24.5% | 7.5% | 10.1% |
| Population | 424 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Pedricktown
At this week's average 30-year rate of 7.11%, buying the median Pedricktown home of $193,900 with 20% down costs about $1,504 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,827, 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 $64,458 for the 20%-down payment. That payment is 20% of the median Pedricktown household income of $90,417; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $1,857 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $38,780 |
|---|---|
| Loan amount | $155,120 |
| Principal and interest | $1,044 |
| Property taxes (2.35% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| PMI | $0 |
| Total per month | $1,504 |
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| Down payment | $6,786 |
|---|---|
| Loan amount | $190,388 |
| Principal and interest | $1,281 |
| Property taxes (2.35% a year) | $380 |
| Homeowners insurance (our estimate, 0.5% a year) | $81 |
| FHA mortgage insurance | $86 |
| Total per month | $1,827 |
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Questions about home buying in Pedricktown
What is the median home value in Pedricktown?
About $193,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pedricktown?
Homeowners pay a median $4,548 a year, which is about 2.35% 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 Pedricktown?
For the median home with 20% down at 7.11%, the payment is about $1,504 a month. Keeping that under 28% of gross income takes about $64,458 a year.
More about Pedricktown
- Mortgage Refinance in Pedricktown
- Debt Relief in Pedricktown
- Home Equity Loans in Pedricktown
- 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