The typical owner-occupied home in Skillman is worth about $634,300, 40% above the New Jersey median of $454,400 and 91% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.58% of their home's value, lower than the New Jersey rate of 2.11%. 81% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Skillman at a glance
| Skillman | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $634,300 | $454,400 | $332,700 |
| Median property tax paid per year | $10,001 | $9,590 | $3,119 |
| Property tax as a share of value | 1.58% | 2.11% | 0.94% |
| Median household income | – | $103,556 | $80,734 |
| Homes lived in by their owners | 81% | 64% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,703 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1974 | 1970 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 345 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Skillman
At this week's average 30-year rate of 7.11%, buying the median Skillman home of $634,300 with 20% down costs about $4,513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,570, 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 $193,416 for the 20%-down payment.
| Down payment | $126,860 |
|---|---|
| Loan amount | $507,440 |
| Principal and interest | $3,414 |
| Property taxes (1.58% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $264 |
| PMI | $0 |
| Total per month | $4,513 |
Change the numbers in the calculator
| Down payment | $22,200 |
|---|---|
| Loan amount | $622,811 |
| Principal and interest | $4,190 |
| Property taxes (1.58% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $264 |
| FHA mortgage insurance | $281 |
| Total per month | $5,570 |
Change the numbers in the calculator
Questions about home buying in Skillman
What is the median home value in Skillman?
About $634,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Skillman?
Homeowners pay a median $10,001 a year, which is about 1.58% 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 Skillman?
For the median home with 20% down at 7.11%, the payment is about $4,513 a month. Keeping that under 28% of gross income takes about $193,416 a year.
More about Skillman
- Mortgage Refinance in Skillman
- Debt Relief in Skillman
- Home Equity Loans in Skillman
- 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