The typical owner-occupied home in Flagtown is worth about $689,000, 52% above the New Jersey median of $454,400 and 2.1 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.45% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $229,612 a year, so the median home costs 3.0 times the median income (4.4 times for New Jersey). 95% of occupied homes here are lived in by their owners, and 82% of those owners still have a mortgage.
Flagtown at a glance
| Flagtown | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $689,000 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.45% | 2.11% | 0.94% |
| Median household income | $229,612 | $103,556 | $80,734 |
| Homes lived in by their owners | 95% | 64% | 65% |
| Owner homes with a mortgage | 82% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,299 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1987 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 930 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Flagtown
At this week's average 30-year rate of 7.11%, buying the median Flagtown home of $689,000 with 20% down costs about $4,828 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,975, 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 $206,897 for the 20%-down payment. That payment is 25% of the median Flagtown household income of $229,612; at that income and 20% down, the 28% guideline points to a home of about $765,000.
| Down payment | $137,800 |
|---|---|
| Loan amount | $551,200 |
| Principal and interest | $3,708 |
| Property taxes (1.45% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $287 |
| PMI | $0 |
| Total per month | $4,828 |
Change the numbers in the calculator
| Down payment | $24,115 |
|---|---|
| Loan amount | $676,520 |
| Principal and interest | $4,551 |
| Property taxes (1.45% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $287 |
| FHA mortgage insurance | $305 |
| Total per month | $5,975 |
Change the numbers in the calculator
Questions about home buying in Flagtown
What is the median home value in Flagtown?
About $689,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Flagtown?
Homeowners pay a median $10,001 a year, which is about 1.45% 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 Flagtown?
For the median home with 20% down at 7.11%, the payment is about $4,828 a month. Keeping that under 28% of gross income takes about $206,897 a year.
More about Flagtown
- Mortgage Refinance in Flagtown
- Debt Relief in Flagtown
- Home Equity Loans in Flagtown
- 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