The typical owner-occupied home in Bridgewater is worth about $80,000, 81% below the New York median of $423,800 and 76% below the national median of $332,700. Owners pay a median $2,167 a year in property taxes, about 2.71% of their home's value, higher than the New York rate of 1.55%. The median household earns $35,694 a year, so the median home costs 2.2 times the median income (4.9 times for New York). 69% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Bridgewater at a glance
| Bridgewater | New York | U.S. | |
|---|---|---|---|
| Median home value | $80,000 | $423,800 | $332,700 |
| Median property tax paid per year | $2,167 | $6,582 | $3,119 |
| Property tax as a share of value | 2.71% | 1.55% | 0.94% |
| Median household income | $35,694 | $85,974 | $80,734 |
| Homes lived in by their owners | 69% | 54% | 65% |
| Owner homes with a mortgage | 44% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,038 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 43.9% | 22.5% | 21.0% |
| Median rent | $735 | $1,621 | $1,413 |
| Rent as a share of renters' income | 22.4% | 31.2% | 30.6% |
| Median year homes were built | 1948 | 1959 | 1980 |
| Vacant homes | 7.9% | 10.0% | 10.1% |
| Population | 543 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Bridgewater
At this week's average 30-year rate of 7.11%, buying the median Bridgewater home of $80,000 with 20% down costs about $645 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $778, 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 $27,623 for the 20%-down payment. That payment is 22% of the median Bridgewater household income of $35,694; at that income and 20% down, the 28% guideline points to a home of about $103,000.
The median rent here is $735 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,000 |
|---|---|
| Loan amount | $64,000 |
| Principal and interest | $431 |
| Property taxes (2.71% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $645 |
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| Down payment | $2,800 |
|---|---|
| Loan amount | $78,551 |
| Principal and interest | $528 |
| Property taxes (2.71% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $778 |
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Questions about home buying in Bridgewater
What is the median home value in Bridgewater?
About $80,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bridgewater?
Homeowners pay a median $2,167 a year, which is about 2.71% 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 Bridgewater?
For the median home with 20% down at 7.11%, the payment is about $645 a month. Keeping that under 28% of gross income takes about $27,623 a year.
More about Bridgewater
- Mortgage Refinance in Bridgewater
- Debt Relief in Bridgewater
- Home Equity Loans in Bridgewater
- 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