Typical Cost of a House in New Jersey
On this page
The median home value in New Jersey is $454,400, measured over 2020–2024. That is 36.6% above the U.S. median of $332,700. Half of owner-occupied homes are valued above that figure and half below.
Median home value
$454,400
2020–2024, give or take $1,150
Against the U.S. median
+36.6%
AboveU.S. $332,700
Rank among states
9th highest
of 51, counting the District of Columbia
Monthly housing costs in New Jersey
What households actually pay each month, for those who own with a mortgage and those who rent.
Owning with a mortgage
$2,829a month
+44.1%U.S. $1,963
Median of mortgage payments, property taxes, insurance, utilities and fees together.
Renting
$1,720a month
+21.7%U.S. $1,413
Median gross rent: the rent itself plus utilities the renter pays.
Where New Jersey sits among the states
Each tick is one state's median home value. The highlighted band holds the middle half of them, and the dark line is the median.
Home values by county in New Jersey
21 counties, each compared with the New Jersey median.
- Atlantic County−35.1%$295,000
- Bergen County+37.1%$623,000
- Burlington County−22.1%$354,000
- Camden County−36.8%$287,100
- Cape May County−4.4%$434,600
- Cumberland County−51.3%$221,400
- Essex County+15.3%$524,100
- Gloucester County−31.7%$310,400
- Hudson County+18.8%$539,700
- Hunterdon County+13.8%$517,200
- Mercer County−16.9%$377,700
- Middlesex County+1.9%$462,900
- Monmouth County+33.4%$606,100
- Morris County+28.2%$582,500
- Ocean County−12.3%$398,400
- Passaic County+1.1%$459,500
- Salem County−47.3%$239,500
- Somerset County+21.5%$552,100
- Sussex County−18.7%$369,400
- Union County+16.5%$529,200
- Warren County−23.7%$346,500
What this figure is
It is not a sale price. The Census Bureau asks homeowners what they think their home would sell for, and this is the middle answer for owner-occupied homes in New Jersey. It covers every kind of home people own and live in, from condos to large houses, so the price of a particular house on the market can be far from it.
The figure describes the whole of 2020–2024, not a single year, and it is not adjusted for price changes since then. A survey always carries some uncertainty: the true value is very likely within $1,150 of the one shown.
Common questions
How much does a house cost in New Jersey?
- The median home value in New Jersey is $454,400, from Census Bureau survey data for 2020–2024. Half of owner-occupied homes are valued above that and half below.
What is the average home price in New Jersey?
- The Census Bureau publishes a median rather than an average: $454,400 for 2020–2024. It is what owners estimate their homes would sell for, not a record of recent sale prices.
How much is a monthly mortgage payment in New Jersey?
- Homeowners with a mortgage in New Jersey pay a median of $2,829 a month. That covers the mortgage payment together with property taxes, insurance and utilities.
What is the average rent in New Jersey?
- Median gross rent in New Jersey is $1,720 a month for 2020–2024. Gross rent is the rent itself plus the utilities the renter pays.
Are homes in New Jersey expensive compared with other places?
- New Jersey has the 9th highest median home value of 51 states, 36.6% above the U.S. median of $332,700.
Source
U.S. Census Bureau
American Community Survey 5-Year Estimates, 2020–2024, tables B25077, B25064 and B25088. Retrieved on October 6, 2026.
About the American Community SurveySource: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2020–2024.
Home values in other states
The percentage compares each state with the U.S. median.
- Alabama−36.9%$209,900
- Alaska+6.1%$352,900
- Arizona+18.6%$394,500
- Arkansas−43.5%$188,000
- California+120.8%$734,700
- Colorado+62.1%$539,400
- Connecticut+10.3%$366,900
- Delaware+5.8%$352,000
- District of Columbia+121.6%$737,100
- Florida+7.9%$359,000
- Georgia−8.8%$303,300
- Hawaii+152.2%$839,100
- Idaho+25.8%$418,600
- Illinois−20.9%$263,300
- Indiana−34.4%$218,200
- Iowa−37.5%$208,000
- Kansas−34.7%$217,200
- Kentucky−38.2%$205,600
- Louisiana−34.9%$216,500
- Maine−10.9%$296,600
- Maryland+26.2%$419,900
- Massachusetts+69.0%$562,100
- Michigan−30.4%$231,600
- Minnesota−1.0%$329,300
- Mississippi−49.0%$169,800
- Missouri−30.8%$230,300
- Montana+13.0%$375,800
- Nebraska−28.3%$238,600
- Nevada+30.9%$435,400
- New Hampshire+21.0%$402,500
- New Mexico−25.4%$248,100
- New York+27.4%$423,800
- North Carolina−13.2%$288,900
- North Dakota−24.9%$249,900
- Ohio−35.4%$214,800
- Oklahoma−39.9%$199,800
- Oregon+43.6%$477,600
- Pennsylvania−23.5%$254,500
- Rhode Island+21.5%$404,200
- South Carolina−22.2%$259,000
- South Dakota−22.6%$257,400
- Tennessee−13.8%$286,700
- Texas−14.7%$283,800
- Utah+47.1%$489,400
- Vermont−4.8%$316,600
- Virginia+15.3%$383,700
- Washington+69.7%$564,600
- West Virginia−51.1%$162,600
- Wisconsin−19.9%$266,500
- Wyoming−6.9%$309,700