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Thorofare

Learn about the people, housing, costs and businesses in Thorofare, New Jersey

Median Home$286,019
Median Rent$1,881/month
Population2,472
Leading IndustriesFinance & Insurance · Information & Media · Transportation14% finance & insurance
Home Value Growth⬆⬆⬆+23.1% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners76% of occupied units
Thorofare
NJ

Frequently Asked Questions

What are today's mortgage rates in Thorofare?

As of today, the 30-year fixed mortgage rate for Thorofare is approximately 6.963% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Thorofare?

The median home value in Thorofare is $286k. The median monthly rent is $1,881. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thorofare?

Home values in Thorofare have increased 23.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Thorofare?

Based on a typical all-in ownership cost of $1,646/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thorofare is $85k/year.

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What industries drive the economy in Thorofare?

The largest employment sectors in Thorofare are public administration (22%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.