The typical owner-occupied home in Rocky Hill is worth about $597,200, 31% above the New Jersey median of $454,400 and 80% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.67% of their home's value, lower than the New Jersey rate of 2.11%. The median household earns $148,056 a year, so the median home costs 4.0 times the median income (4.4 times for New Jersey). 76% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Rocky Hill at a glance
| Rocky Hill | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $597,200 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.67% | 2.11% | 0.94% |
| Median household income | $148,056 | $103,556 | $80,734 |
| Homes lived in by their owners | 76% | 64% | 65% |
| Owner homes with a mortgage | 60% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,236 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 22.9% | 21.0% |
| Median rent | $1,799 | $1,720 | $1,413 |
| Rent as a share of renters' income | 21.8% | 30.9% | 30.6% |
| Median year homes were built | 1960 | 1970 | 1980 |
| Vacant homes | 0.6% | 7.5% | 10.1% |
| Population | 819 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Rocky Hill
At this week's average 30-year rate of 7.11%, buying the median Rocky Hill home of $597,200 with 20% down costs about $4,294 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,289, 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 $184,023 for the 20%-down payment. That payment is 35% of the median Rocky Hill household income of $148,056; at that income and 20% down, the 28% guideline points to a home of about $480,000.
The median rent here is $1,799 a month, so owning the median home costs about $2,495 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $119,440 |
|---|---|
| Loan amount | $477,760 |
| Principal and interest | $3,214 |
| Property taxes (1.67% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $249 |
| PMI | $0 |
| Total per month | $4,294 |
Change the numbers in the calculator
| Down payment | $20,902 |
|---|---|
| Loan amount | $586,383 |
| Principal and interest | $3,945 |
| Property taxes (1.67% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $249 |
| FHA mortgage insurance | $264 |
| Total per month | $5,289 |
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Questions about home buying in Rocky Hill
What is the median home value in Rocky Hill?
About $597,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rocky Hill?
Homeowners pay a median $10,001 a year, which is about 1.67% 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 Rocky Hill?
For the median home with 20% down at 7.11%, the payment is about $4,294 a month. Keeping that under 28% of gross income takes about $184,023 a year.
More about Rocky Hill
- Mortgage Refinance in Rocky Hill
- Debt Relief in Rocky Hill
- Home Equity Loans in Rocky Hill
- 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