The typical owner-occupied home in Kingston is worth about $475,900, 5% above the New Jersey median of $454,400 and 43% above the national median of $332,700. Owners pay a median $9,472 a year in property taxes, about 1.99% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $110,813 a year, so the median home costs 4.3 times the median income (4.4 times for New Jersey). 66% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Kingston at a glance
| Kingston | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $475,900 | $454,400 | $332,700 |
| Median property tax paid per year | $9,472 | $9,590 | $3,119 |
| Property tax as a share of value | 1.99% | 2.11% | 0.94% |
| Median household income | $110,813 | $103,556 | $80,734 |
| Homes lived in by their owners | 66% | 64% | 65% |
| Owner homes with a mortgage | 61% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,765 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 22.9% | 21.0% |
| Median rent | $1,765 | $1,720 | $1,413 |
| Rent as a share of renters' income | 19.7% | 30.9% | 30.6% |
| Median year homes were built | 1951 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,670 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Kingston
At this week's average 30-year rate of 7.11%, buying the median Kingston home of $475,900 with 20% down costs about $3,549 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,341, 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 $152,084 for the 20%-down payment. That payment is 38% of the median Kingston household income of $110,813; at that income and 20% down, the 28% guideline points to a home of about $347,000.
The median rent here is $1,765 a month, so owning the median home costs about $1,784 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $95,180 |
|---|---|
| Loan amount | $380,720 |
| Principal and interest | $2,561 |
| Property taxes (1.99% a year) | $789 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| PMI | $0 |
| Total per month | $3,549 |
Change the numbers in the calculator
| Down payment | $16,656 |
|---|---|
| Loan amount | $467,280 |
| Principal and interest | $3,143 |
| Property taxes (1.99% a year) | $789 |
| Homeowners insurance (our estimate, 0.5% a year) | $198 |
| FHA mortgage insurance | $210 |
| Total per month | $4,341 |
Change the numbers in the calculator
Questions about home buying in Kingston
What is the median home value in Kingston?
About $475,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kingston?
Homeowners pay a median $9,472 a year, which is about 1.99% 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 Kingston?
For the median home with 20% down at 7.11%, the payment is about $3,549 a month. Keeping that under 28% of gross income takes about $152,084 a year.
More about Kingston
- Mortgage Refinance in Kingston
- Debt Relief in Kingston
- Home Equity Loans in Kingston
- 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