Home Loans in Madison, New Jersey
Madison is one of the most expensive towns in Morris County and also has some of the lowest tax rates. The math is more favorable than most people assume — let's run it.
Run your real number first
Before any of the rest matters, see what you can actually carry.
Affordability Calculator
Tuned for Morris County, NJ property taxes (~2.1%).
Estimated home price
$400,188 – $466,886
Estimates only. Actual loan terms depend on credit review and property specifics.
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Three real Madison scenarios
Scenario 1: $180K household income
- Comfortable purchase price: ~$725K
- Realistic Madison options: townhomes, condos, smaller single-families on the Florham Park edge
- Likely loan: conventional, 10–20% down
Scenario 2: $250K household income
- Comfortable purchase price: ~$1.0M
- Realistic Madison options: most of the single-family inventory in good condition
- Likely loan: conventional or low-end jumbo, 15–25% down
Scenario 3: $350K+ household income
- Comfortable purchase price: ~$1.4M+
- Realistic Madison options: top of the market, larger lots, walkable to downtown
- Likely loan: jumbo, 20–30% down
Why low taxes matter more than people realize
Most NJ buyers fixate on purchase price. But on a 30-year loan, property tax is roughly 25–35% of your monthly housing cost. Madison's ~1.85% rate vs. a 2.6% rate in some neighboring towns is the difference of about $600/month on the same priced house — for 30 years.