The typical owner-occupied home in Sussex County is worth about $369,400, 19% below the New Jersey median of $454,400 and 11% above the national median of $332,700. Owners pay a median $8,568 a year in property taxes, about 2.32% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $116,186 a year, so the median home costs 3.2 times the median income (4.4 times for New Jersey). 84% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Sussex County at a glance
| Sussex County | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $369,400 | $454,400 | $332,700 |
| Median property tax paid per year | $8,568 | $9,590 | $3,119 |
| Property tax as a share of value | 2.32% | 2.11% | 0.94% |
| Median household income | $116,186 | $103,556 | $80,734 |
| Homes lived in by their owners | 84% | 64% | 65% |
| Owner homes with a mortgage | 68% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,473 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 22.9% | 21.0% |
| Median rent | $1,585 | $1,720 | $1,413 |
| Rent as a share of renters' income | 32.8% | 30.9% | 30.6% |
| Median year homes were built | 1973 | 1970 | 1980 |
| Vacant homes | 8.1% | 7.5% | 10.1% |
| Population | 145,807 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Sussex County
At this week's average 30-year rate of 7.11%, buying the median Sussex County home of $369,400 with 20% down costs about $2,856 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,471, 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 $122,403 for the 20%-down payment. That payment is 29% of the median Sussex County household income of $116,186; at that income and 20% down, the 28% guideline points to a home of about $351,000.
The median rent here is $1,585 a month, so owning the median home costs about $1,271 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $73,880 |
|---|---|
| Loan amount | $295,520 |
| Principal and interest | $1,988 |
| Property taxes (2.32% a year) | $714 |
| Homeowners insurance (our estimate, 0.5% a year) | $154 |
| PMI | $0 |
| Total per month | $2,856 |
Change the numbers in the calculator
| Down payment | $12,929 |
|---|---|
| Loan amount | $362,709 |
| Principal and interest | $2,440 |
| Property taxes (2.32% a year) | $714 |
| Homeowners insurance (our estimate, 0.5% a year) | $154 |
| FHA mortgage insurance | $163 |
| Total per month | $3,471 |
Change the numbers in the calculator
Questions about home buying in Sussex County
What is the median home value in Sussex County?
About $369,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sussex County?
Homeowners pay a median $8,568 a year, which is about 2.32% 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 Sussex County?
For the median home with 20% down at 7.11%, the payment is about $2,856 a month. Keeping that under 28% of gross income takes about $122,403 a year.
More about Sussex County
- Mortgage Refinance in Sussex County
- Debt Relief in Sussex County
- Home Equity Loans in Sussex County
- 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