The typical owner-occupied home in Bedminster is worth about $742,200, 63% above the New Jersey median of $454,400 and 2.2 times the national median of $332,700. Owners pay a median $8,956 a year in property taxes, about 1.21% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $128,594 a year, so the median home costs 5.8 times the median income (4.4 times for New Jersey). 72% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Bedminster at a glance
| Bedminster | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $742,200 | $454,400 | $332,700 |
| Median property tax paid per year | $8,956 | $9,590 | $3,119 |
| Property tax as a share of value | 1.21% | 2.11% | 0.94% |
| Median household income | $128,594 | $103,556 | $80,734 |
| Homes lived in by their owners | 72% | 64% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,258 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 22.9% | 21.0% |
| Median rent | $2,795 | $1,720 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1958 | 1970 | 1980 |
| Vacant homes | 4.0% | 7.5% | 10.1% |
| Population | 1,670 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Bedminster
At this week's average 30-year rate of 7.11%, buying the median Bedminster home of $742,200 with 20% down costs about $5,052 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,288, 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 $216,510 for the 20%-down payment. That payment is 47% of the median Bedminster household income of $128,594; at that income and 20% down, the 28% guideline points to a home of about $441,000.
The median rent here is $2,795 a month, so owning the median home costs about $2,257 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $148,440 |
|---|---|
| Loan amount | $593,760 |
| Principal and interest | $3,994 |
| Property taxes (1.21% a year) | $748 |
| Homeowners insurance (our estimate, 0.5% a year) | $309 |
| PMI | $0 |
| Total per month | $5,052 |
Change the numbers in the calculator
| Down payment | $25,977 |
|---|---|
| Loan amount | $728,757 |
| Principal and interest | $4,902 |
| Property taxes (1.21% a year) | $748 |
| Homeowners insurance (our estimate, 0.5% a year) | $309 |
| FHA mortgage insurance | $328 |
| Total per month | $6,288 |
Change the numbers in the calculator
Questions about home buying in Bedminster
What is the median home value in Bedminster?
About $742,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bedminster?
Homeowners pay a median $8,956 a year, which is about 1.21% 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 Bedminster?
For the median home with 20% down at 7.11%, the payment is about $5,052 a month. Keeping that under 28% of gross income takes about $216,510 a year.
More about Bedminster
- Mortgage Refinance in Bedminster
- Debt Relief in Bedminster
- Home Equity Loans in Bedminster
- 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