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New Jersey Home Values and Rents
The median home value in New Jersey is $454,400, 9th highest among states. Prices changed +4.6% in the year through Q2 2026.
- Typical home value
- $575,123
- 9th of 51 states
- Median rent
- $1,720/mo
- ACS 2020-2024
- Price change, 1 year
- +4.6%
- 10th fastest of 51
- Homeownership
- 63.8%
- Owner-occupied homes
New Jersey home prices since 2000
FHFA purchase-only House Price Index, seasonally adjusted (1991 = 100)
Show as a table
| Period | New Jersey |
|---|---|
| Q2 2026 | 443 |
| Q4 2025 | 432 |
| Q4 2024 | 412 |
| Q4 2023 | 379 |
| Q4 2022 | 341 |
| Q4 2021 | 315 |
| Q4 2020 | 273 |
| Q4 2019 | 244 |
| Q4 2018 | 233 |
| Q4 2017 | 225 |
| Q4 2016 | 217 |
| Q4 2015 | 211 |
| Q4 2014 | 208 |
| Q4 2013 | 204 |
| Q4 2012 | 198 |
Over five years, New Jersey home prices changed +50.5%, compared with +29.9% for the U.S.
Source: Federal Housing Finance Agency ยท Last updated 07/01/2026
Home values by county
Zillow typical home value; price changes from FHFA annual county index
Swipe the table sideways to see more columns.
| # | County | Typical value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | Cape May County | $813,005 | $1,360 | +3.9% | +78.7% |
| 2 | Monmouth County | $786,951 | $1,827 | +6.2% | +64.2% |
| 3 | Bergen County | $780,357 | $1,914 | +6.8% | +52.0% |
| 4 | Morris County | $701,797 | $1,904 | +5.9% | +52.9% |
| 5 | Essex County | $658,593 | $1,531 | +5.8% | +58.2% |
| 6 | Somerset County | $656,346 | $2,033 | +6.3% | +56.4% |
| 7 | Hudson County | $636,059 | $1,894 | +9.6% | +47.5% |
| 8 | Union County | $627,890 | $1,730 | +5.5% | +57.8% |
| 9 | Hunterdon County | $627,345 | $1,687 | +6.3% | +54.2% |
| 10 | Passaic County | $597,668 | $1,621 | +6.8% | +58.0% |
| 11 | Middlesex County | $579,852 | $1,871 | +6.1% | +62.2% |
| 12 | Ocean County | $551,299 | $1,755 | +6.0% | +73.4% |
| 13 | Sussex County | $445,283 | $1,585 | +6.6% | +66.4% |
| 14 | Mercer County | $439,984 | $1,623 | +5.7% | +67.5% |
| 15 | Burlington County | $418,637 | $1,745 | +5.7% | +69.8% |
| 16 | Warren County | $417,688 | $1,409 | +6.8% | +68.3% |
| 17 | Atlantic County | $383,102 | $1,376 | +7.8% | +80.5% |
| 18 | Gloucester County | $381,762 | $1,531 | +5.2% | +73.1% |
| 19 | Camden County | $353,585 | $1,402 | +5.8% | +74.2% |
| 20 | Salem County | $297,450 | $1,253 | +4.6% | +69.2% |
| 21 | Cumberland County | $273,037 | $1,282 | +6.2% | +72.5% |
Most expensive cities in New Jersey
Cities and towns with 10,000+ residents, by typical home value
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| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Short Hills | 14,923 | $2,383,684 | $3,126 |
| 2 | Franklin Lakes | 11,084 | $1,628,296 | $3,230 |
| 3 | Summit | 22,705 | $1,410,689 | $2,430 |
| 4 | Tenafly | 15,319 | $1,322,705 | $3,500+ |
| 5 | Westfield | 31,111 | $1,304,712 | $2,357 |
| 6 | Ridgewood | 26,308 | $1,254,771 | $2,499 |
| 7 | Ocean City | 11,261 | $1,135,534 | $1,683 |
| 8 | Glen Rock | 12,154 | $1,092,355 | $1,930 |
| 9 | Paramus | 26,568 | $1,062,705 | $3,032 |
| 10 | Florham Park | 13,564 | $1,049,188 | $3,109 |
| 11 | Madison | 16,447 | $1,018,993 | $2,253 |
| 12 | New Providence | 13,727 | $1,004,058 | $1,903 |
| 13 | Palisades Park | 20,290 | $993,684 | $2,009 |
| 14 | Upper Montclair | 12,457 | $989,000 | $2,237 |
| 15 | Princeton | 30,756 | $954,354 | $2,636 |
| 16 | Morristown | 20,453 | $906,303 | $2,274 |
| 17 | Hoboken | 58,668 | $894,141 | $2,938 |
| 18 | Ramsey | 14,805 | $883,930 | $2,245 |
| 19 | River Edge | 12,091 | $867,033 | $1,879 |
| 20 | Hillsdale | 10,144 | $855,702 | $1,764 |
| 21 | Kinnelon | 10,013 | $854,503 | $2,282 |
| 22 | Haddonfield | 12,595 | $853,720 | $1,897 |
| 23 | Long Branch | 32,530 | $825,074 | $1,876 |
| 24 | Ridgefield | 11,498 | $772,476 | $2,095 |
| 25 | Oakland | 12,768 | $769,234 | $1,383 |
Most affordable cities in New Jersey
Cities and towns with 10,000+ residents, lowest home values first
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| # | City | Population | Typical value | Median rent |
|---|---|---|---|---|
| 1 | Camden | 71,496 | $149,376 | $1,226 |
| 2 | McKee City | 10,731 | $218,100 | $1,799 |
| 3 | Atlantic City | 38,632 | $219,133 | $1,136 |
| 4 | Gloucester City | 11,509 | $239,183 | $1,484 |
| 5 | Pleasantville | 20,712 | $250,273 | $1,354 |
| 6 | Bridgeton | 27,001 | $250,879 | $1,340 |
| 7 | Millville | 27,511 | $256,420 | $1,261 |
| 8 | Holiday City-Berkeley | 12,995 | $266,200 | $1,640 |
| 9 | Lindenwold | 21,719 | $270,373 | $1,323 |
| 10 | Pennsville | 12,233 | $276,881 | $1,252 |
| 11 | Pine Hill | 10,802 | $283,444 | $1,411 |
| 12 | Vineland | 61,006 | $308,068 | $1,233 |
| 13 | White Horse | 10,507 | $308,200 | $2,046 |
| 14 | Bellmawr | 11,737 | $315,288 | $1,257 |
| 15 | Echelon | 13,284 | $328,600 | $1,717 |
Frequently asked questions
- What is the median home value in New Jersey?
- The median value of owner-occupied homes in New Jersey is $454,400, according to the American Community Survey 2020-2024 5-year estimates. That ranks 9th highest among the states and D.C.
- Are home prices going up in New Jersey?
- Home prices in New Jersey changed +4.6% over the year through Q2 2026 and +50.5% over five years, according to the FHFA House Price Index.
- What is the most expensive city in New Jersey?
- Among cities and towns with at least 10,000 residents, Short Hills has the highest typical home value at $2,383,684, followed by Franklin Lakes ($1,628,296) and Summit ($1,410,689).
- Where are homes most affordable in New Jersey?
- Camden has the lowest typical home value among cities with 10,000+ residents at $149,376, followed by McKee City ($218,100) and Atlantic City ($219,133).
- How much do homes sell for in New Jersey?
- In Sep 2026, the median sale price was $691,507 in the New York-Newark-Jersey City, NY-NJ area, $389,547 in the Trenton-Princeton, NJ area and $365,597 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area, according to Zillow. These are the metro areas in New Jersey with the highest median sale prices.
- What is the average rent in New Jersey?
- The median gross rent in New Jersey is $1,720 a month, including utilities paid by the renter (ACS 2020-2024). About 36% of households rent.