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Preakness, NJ Home Values and Rents
The median home value in Preakness is $617,700, 129th highest of 542 cities and towns in New Jersey. Median rent is $1,918 a month.
- Median home value
- $617,700
- 129th of 542 in NJ
- Median rent
- $1,918/mo
- ACS 2020-2024
- Price change, 1 year
- +6.8%
- County index, 2025
- Homeownership
- 70.6%
- NJ: 63.8%
Home sale prices in the New York-Newark-Jersey City, NY-NJ area
Zillow median sale price, Sep 2026
$691,507+4.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Passaic County home price trend
FHFA annual House Price Index for Passaic County, 2000 = 100, compared with New Jersey
Show as a table
| Period | Passaic County |
|---|---|
| 2025 | 271 |
| 2024 | 254 |
| 2023 | 232 |
| 2022 | 213 |
| 2021 | 189 |
| 2020 | 171 |
| 2019 | 165 |
| 2018 | 159 |
| 2017 | 153 |
| 2016 | 149 |
| 2015 | 145 |
| 2014 | 142 |
| 2013 | 139 |
| 2012 | 139 |
| 2011 | 146 |
Over five years, Passaic County prices changed +58.0%, compared with +50.5% for New Jersey.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 07470 | $612,700 | $2,164 | +7.2% | +55.0% |
Fair Market Rents, FY2027
HUD rent standard for Bergen-Passaic, NJ HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,772 | -0.3% |
| 1 bedroom | $1,987 | -1.8% |
| 2 bedrooms | $2,282 | -1.8% |
| 3 bedrooms | $2,771 | -2.3% |
| 4 bedrooms | $3,497 | -3.3% |
Frequently asked questions
- What is the median home value in Preakness, NJ?
- The median home value in Preakness is $617,700, based on the American Community Survey 2020-2024 5-year estimates. The New Jersey median is $454,400.
- How much is rent in Preakness?
- The median rent in Preakness is $1,918 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $2,282.
- Are home prices going up in Preakness?
- Home prices in Passaic County changed +6.8% over one year and +58.0% over five years, as of 2025.
- How does Preakness compare with the rest of New Jersey?
- Preakness has the 129th highest median home value of 542 cities and towns with 1,000+ residents in New Jersey.
- Which ZIP code in Preakness has the highest home values?
- ZIP code 07470 has the highest median home value at $612,700.