New Jersey housing market: home prices by city and forecast
New Jersey home prices: the Zillow Home Value Index put the typical home at $575,123 in September 2026, 4.0% higher than a year earlier.
- Typical value of a home
- $575,123September 2026, Zillow ZHVI
- Change over 12 months
- +4.0%US +1.2%
- Change over 10 years
- +85.4%US +77.4%
- Multiple of the 2000 value
- ×3.41US ×2.99
- Home price compared with income
- 5.5. Income: $104,294 at the median.
Among the 50 states and DC, typical home value ranks 5th, 12-month change ranks 7th, growth since 2000 ranks 10th of 47, and price to income ranks 10th, from highest to lowest.
New Jersey home prices since 2000
The typical New Jersey home rose from $168,883 in January 2000 to $575,123, with September 2026 marking its highest month at $575,123.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $174,485 | $193,061 | $217,722 | $251,837 | $287,218 | $330,370 | $364,769 | $361,946 | $340,988 | $312,783 |
| 2010s | $301,872 | $283,409 | $272,998 | $278,419 | $292,697 | $299,354 | $309,070 | $318,938 | $332,627 | $345,758 |
| 2020s | $364,963 | $414,466 | $457,701 | $484,367 | $526,713 | $551,344 |
New Jersey home prices since 1975: the FHFA index
FHFA's repeat-sales index put New Jersey at 1489 in 2025 (1975 = 100); by Q2 2026, it had risen 5.4% over a year.
Owners reported these values to the Census of Housing: New Jersey was $4,528 in 1940 and $170,800 in 2000.
| Census year | New Jersey median value | US median value |
|---|---|---|
| 1940 | $4,528 | $2,938 |
| 1950 | $10,408 | $7,354 |
| 1960 | $15,600 | $11,900 |
| 1970 | $23,400 | $17,000 |
| 1980 | $60,200 | $47,200 |
| 1990 | $162,300 | $79,100 |
| 2000 | $170,800 | $119,600 |
No inflation adjustment applies to these figures. Census of Housing tables
Home prices in New Jersey by city
Pages are available for 2 cities, listed from largest to smallest:
| City | Typical value of a home | Change over 12 months | Multiple of the 2000 value |
|---|---|---|---|
| Jersey City | $656,649 | +0.4% | ×3.96 |
| Hoboken | $894,141 | +5.1% | ×3.40 |
| Newark | $480,494 | −1.0% | |
| Trenton | $343,291 | −1.8% | |
| Paterson | $540,919 | +5.0% | |
| Elizabeth | $552,348 | +2.9% | |
| Lakewood | $591,411 | +7.9% | |
| Toms River | $462,642 | +3.8% | |
| Edison | $635,533 | +2.2% | |
| Clifton | $608,762 | +3.8% | |
| Brick | $521,655 | +5.5% | |
| Camden | $149,376 | −3.2% | |
| Passaic | $555,039 | +2.1% | |
| East Orange | $476,915 | +0.4% | |
| Union City | $558,656 | +5.0% | |
| Vineland | $308,068 | +1.9% |
Source shown: Zillow Home Value Index, September 2026.
Metro forecasts for where New Jersey prices are heading
Starting September 2026 for the New York, NY metro, Zillow's 12-month forecast is +2.8%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| New York, NY | +0.7% | +2.8% |
This comes from Zillow's estimate and is not investment advice.
New Jersey cost of living
New Jersey has a price level of 108.8 (US 100), with housing at 134.3, goods at 107.1, utilities at 114.2, and other services at 103.5 (BEA). Median household income is $104,294, while median gross rent is $1,800 a month (Census ACS 2024). Owner-occupied homes account for 64%, and 1971 is the median year built.
Cost of living for all states: state-by-state details.
How to read this chart
In dollars, the first chart tops out during September 2026 at $575,123. The second chart is an index whose New Jersey line finishes at 1489; prices are 14.9 times their 1975 level. Inflation adjustment is not applied to either chart.