New Jersey.
5th most expensive state. Typical home $575,123 (+4.0% in a year), estimated payment $3,170 a month. As of Sep 2026.
to buy the typical home at today's mortgage rate — +$1,729 (+134%) since Jan 2020.
- 1 year
- Up $21,983 +4%
- $553,140$575,123 since Sep 2025
- 5 years
- Up $149,712 +35%
- $425,411$575,123 since Sep 2021
- 10 years
- Up $264,895 +85%
- $310,228$575,123 since Sep 2016
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in New Jersey rose 4.0% over the past year — faster than the nation's +1.2%.
Buying the typical New Jersey home now takes 37% of the median household income ($103,556/yr, ACS 2020–2024) — the standard affordability line is 30%.
Share of median income needed to buy
Monthly payment for the typical home against the local median household income. Income is an annual survey, stepped — the saw-teeth are survey years, not markets.
- New Jersey34.98%
- United States28.57%
New Jersey home values
Zillow Home Value Index against the national figure. Mid-tier homes, smoothed and seasonally adjusted.
- New Jersey$575,123
- United States$366,157
Metros in New Jersey
Largest first, by population. Zillow publishes rent for fewer metros than home values, so a dash means no series — not a market at zero.
| # | Metro activate to sort by Metro | Rent activate to sort by Rent | 1-yr Δ activate to sort by 1-yr Δ | Home value sorted descending, activate to sort ascending | 1-yr Δ activate to sort by 1-yr Δ |
|---|---|---|---|---|---|
| 1 | Ocean City | $1,983 | +5.8% | $813,023 | +9.6% |
| 2 | Trenton | $2,523 | +2.4% | $439,977 | +0.2% |
| 3 | Atlantic City | $2,049 | +6.6% | $383,091 | +4.0% |
| 4 | Vineland | $1,649 | +3.4% | $273,043 | +0.9% |
Go deeper: every zip in New Jersey.