The typical owner-occupied home in Germantown is worth about $445,900, 5% above the New York median of $423,800 and 34% above the national median of $332,700. Owners pay a median $4,634 a year in property taxes, about 1.04% of their home's value, lower than the New York rate of 1.55%. The median household earns $96,563 a year, so the median home costs 4.6 times the median income (4.9 times for New York). 71% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Germantown at a glance
| Germantown | New York | U.S. | |
|---|---|---|---|
| Median home value | $445,900 | $423,800 | $332,700 |
| Median property tax paid per year | $4,634 | $6,582 | $3,119 |
| Property tax as a share of value | 1.04% | 1.55% | 0.94% |
| Median household income | $96,563 | $85,974 | $80,734 |
| Homes lived in by their owners | 71% | 54% | 65% |
| Owner homes with a mortgage | 40% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,891 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Rent as a share of renters' income | 28.7% | 31.2% | 30.6% |
| Median year homes were built | 1957 | 1959 | 1980 |
| Vacant homes | 13.3% | 10.0% | 10.1% |
| Population | 1,042 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Germantown
At this week's average 30-year rate of 7.11%, buying the median Germantown home of $445,900 with 20% down costs about $2,972 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,715, 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 $127,368 for the 20%-down payment. That payment is 37% of the median Germantown household income of $96,563; at that income and 20% down, the 28% guideline points to a home of about $338,000.
| Down payment | $89,180 |
|---|---|
| Loan amount | $356,720 |
| Principal and interest | $2,400 |
| Property taxes (1.04% a year) | $386 |
| Homeowners insurance (our estimate, 0.5% a year) | $186 |
| PMI | $0 |
| Total per month | $2,972 |
Change the numbers in the calculator
| Down payment | $15,606 |
|---|---|
| Loan amount | $437,824 |
| Principal and interest | $2,945 |
| Property taxes (1.04% a year) | $386 |
| Homeowners insurance (our estimate, 0.5% a year) | $186 |
| FHA mortgage insurance | $197 |
| Total per month | $3,715 |
Change the numbers in the calculator
Questions about home buying in Germantown
What is the median home value in Germantown?
About $445,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Germantown?
Homeowners pay a median $4,634 a year, which is about 1.04% 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 Germantown?
For the median home with 20% down at 7.11%, the payment is about $2,972 a month. Keeping that under 28% of gross income takes about $127,368 a year.
More about Germantown
- Mortgage Refinance in Germantown
- Debt Relief in Germantown
- Home Equity Loans in Germantown
- 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