The typical owner-occupied home in Layton is worth about $376,300, 17% below the New Jersey median of $454,400 and 13% above the national median of $332,700. Owners pay a median $7,907 a year in property taxes, about 2.10% of their home's value, close to the New Jersey rate of 2.11%. The median household earns $130,313 a year, so the median home costs 2.9 times the median income (4.4 times for New Jersey). 99% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Layton at a glance
| Layton | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $376,300 | $454,400 | $332,700 |
| Median property tax paid per year | $7,907 | $9,590 | $3,119 |
| Property tax as a share of value | 2.10% | 2.11% | 0.94% |
| Median household income | $130,313 | $103,556 | $80,734 |
| Homes lived in by their owners | 99% | 64% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,250 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 22.9% | 21.0% |
| Median rent | – | $1,720 | $1,413 |
| Median year homes were built | 1979 | 1970 | 1980 |
| Vacant homes | 1.9% | 7.5% | 10.1% |
| Population | 967 | 9,343,809 | 334,922,499 |
What a typical home costs per month in Layton
At this week's average 30-year rate of 7.11%, buying the median Layton home of $376,300 with 20% down costs about $2,840 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,467, 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 $121,733 for the 20%-down payment. That payment is 26% of the median Layton household income of $130,313; at that income and 20% down, the 28% guideline points to a home of about $403,000.
| Down payment | $75,260 |
|---|---|
| Loan amount | $301,040 |
| Principal and interest | $2,025 |
| Property taxes (2.10% a year) | $659 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,840 |
Change the numbers in the calculator
| Down payment | $13,170 |
|---|---|
| Loan amount | $369,484 |
| Principal and interest | $2,486 |
| Property taxes (2.10% a year) | $659 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $166 |
| Total per month | $3,467 |
Change the numbers in the calculator
Questions about home buying in Layton
What is the median home value in Layton?
About $376,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Layton?
Homeowners pay a median $7,907 a year, which is about 2.10% 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 Layton?
For the median home with 20% down at 7.11%, the payment is about $2,840 a month. Keeping that under 28% of gross income takes about $121,733 a year.
More about Layton
- Mortgage Refinance in Layton
- Debt Relief in Layton
- Home Equity Loans in Layton
- 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