The market in numbers
Home values over the last two years
The typical home in New Jersey was worth $537,200 in September 2024 and $576,700 in August 2026, a change of +7.3% over two years. Values are at the highest point of the period.
Housing markets by metro
Typical home value, 12-month change and rents for each metro area in New Jersey, largest first. Linked metros have their own report, ZIP code by ZIP code. Where a metro crosses a state line, the figures cover only its part inside New Jersey.
| Metro area | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| New York | 379 | $659,400 | +5.0% | $2,600 | 5.0% |
| Philadelphia | 91 | $363,500 | +4.0% | $2,100 | 6.5% |
| Trenton | 19 | $468,800 | +0.8% | $2,300 | 6.4% |
| Atlantic City | 24 | $378,500 | +5.1% | $2,000 | 6.9% |
| Vineland | 11 | $263,000 | +0.9% | n/a | n/a |
| Allentown | 9 | $466,400 | +2.4% | n/a | n/a |
| Ocean City | 14 | $696,200 | +8.8% | n/a | n/a |
Home values by county
Of New Jersey's 21 counties, Monmouth County has the highest typical home value, $887,100, and Cumberland County the lowest, $263,000. Among counties with at least five ZIP codes, Cape May County has risen most over the year, up 8.8%, and Mercer County has moved least, up 0.8%.
Show all 21 counties
| County | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Monmouth County | 49 | $887,100 | +4.4% | $2,800 | 4.1% |
| Bergen County | 65 | $766,500 | +6.5% | $2,900 | 4.9% |
| Somerset County | 21 | $748,500 | +4.4% | $2,500 | 5.0% |
| Morris County | 46 | $717,800 | +4.6% | $2,900 | 4.8% |
| Cape May County | 14 | $696,200 | +8.8% | n/a | n/a |
| Essex County | 31 | $659,800 | +3.9% | $2,400 | 4.8% |
| Hunterdon County | 19 | $614,100 | +5.0% | n/a | n/a |
| Union County | 26 | $588,500 | +3.4% | $2,500 | 5.0% |
| Hudson County | 15 | $586,500 | +1.8% | $2,700 | 5.4% |
| Ocean County | 30 | $566,300 | +4.6% | $2,600 | 5.2% |
| Middlesex County | 35 | $566,300 | +3.4% | $2,600 | 5.4% |
| Passaic County | 25 | $562,000 | +3.2% | $2,500 | 4.9% |
| Mercer County | 19 | $468,800 | +0.8% | $2,300 | 6.4% |
| Warren County | 9 | $466,400 | +2.4% | n/a | n/a |
| Burlington County | 26 | $454,800 | +2.6% | $2,300 | 6.3% |
| Sussex County | 17 | $452,300 | +3.1% | $2,500 | 7.5% |
| Atlantic County | 24 | $378,500 | +5.1% | $2,000 | 6.9% |
| Gloucester County | 25 | $368,100 | +5.3% | $1,900 | 7.2% |
| Camden County | 33 | $356,600 | +5.4% | $2,100 | 6.4% |
| Salem County | 7 | $300,800 | +4.8% | n/a | n/a |
| Cumberland County | 11 | $263,000 | +0.9% | n/a | n/a |
Where prices are rising fastest
The ten ZIP codes with the strongest change in home values over the past twelve months. Among the larger half of New Jersey's ZIP codes by population, so that places with only a handful of sales a year do not crowd the list.
| ZIP code | Area | Home value | 12 months | 5 yrs, per year |
|---|---|---|---|---|
| 07310 | Jersey City | $958,500 | +14.7% | +5.0% |
| 07901 | Summit | $1,398,200 | +13.0% | +7.5% |
| 08736 | Manasquan | $1,242,800 | +12.8% | +8.2% |
| 07661 | River Edge | $861,000 | +12.6% | +6.6% |
| 08742 | Point Pleasant | $887,900 | +11.9% | +8.0% |
| 07452 | Glen Rock | $1,106,100 | +10.8% | +7.8% |
| 07450 | Ridgewood | $1,268,700 | +10.7% | +8.2% |
| 07928 | Chatham | $1,376,600 | +10.7% | +7.5% |
| 07646 | New Milford | $746,800 | +10.6% | +6.6% |
| 07057 | Wallington | $691,700 | +10.5% | +5.8% |
Where prices are falling
Across New Jersey, 46 ZIP codes are below where they were a year ago. These are the ten largest declines among the larger half by population.
| ZIP code | Area | Home value | 12 months | From its peak |
|---|---|---|---|---|
| 08103 | Camden | $135,100 | −11.8% | −16.6% |
| 07102 | Newark | $405,900 | −9.6% | −12.6% |
| 08611 | Trenton | $201,700 | −5.6% | −5.7% |
| 08629 | Trenton | $264,400 | −4.8% | −5.0% |
| 07114 | Newark | $459,100 | −4.4% | −8.0% |
| 07105 | Newark | $555,700 | −4.2% | −4.6% |
| 08618 | Ewing | $271,800 | −3.9% | −4.3% |
| 07306 | Jersey City | $543,200 | −3.7% | −4.0% |
| 08638 | Ewing | $318,500 | −3.5% | −5.4% |
| 07107 | Newark | $507,000 | −3.2% | −4.0% |
Best rental yields
Gross yield is a year's rent divided by the home value, before costs. These are the highest yields among the larger ZIP codes with rent data.
| ZIP code | Area | Home value | Monthly rent | Gross yield | Rent, 12 months |
|---|---|---|---|---|---|
| 08104 | Camden | $134,700 | $1,700 | 15.1% | n/a |
| 08611 | Trenton | $201,700 | $1,900 | 11.5% | +4.0% |
| 08609 | Trenton | $212,600 | $1,900 | 10.8% | n/a |
| 08015 | Browns Mills | $336,300 | $2,700 | 9.6% | n/a |
| 08046 | Willingboro Township | $359,200 | $2,900 | 9.6% | n/a |
| 08330 | Mays Landing | $311,600 | $2,500 | 9.6% | n/a |
| 08110 | Pennsauken | $296,200 | $2,300 | 9.5% | n/a |
| 08757 | Toms River | $347,100 | $2,700 | 9.3% | n/a |
| 08401 | Atlantic City | $223,300 | $1,700 | 9.2% | −2.5% |
| 08618 | Ewing | $271,800 | $2,100 | 9.2% | +2.9% |
Most affordable against local incomes
Home value divided by the median household income of the people who live in the ZIP code. A lower multiple means homes cost fewer years of local earnings. The state typical is 5.0×.
| ZIP code | Area | Home value | Median income | Price to income |
|---|---|---|---|---|
| 08609 | Trenton | $212,600 | $68,200 | 3.1× |
| 08629 | Trenton | $264,400 | $82,600 | 3.2× |
| 08054 | Mt Laurel Township | $404,500 | $118,800 | 3.4× |
| 08069 | Carneys Point | $246,500 | $71,900 | 3.4× |
| 08104 | Camden | $134,700 | $38,200 | 3.5× |
| 08110 | Pennsauken | $296,200 | $83,700 | 3.5× |
| 08611 | Trenton | $201,700 | $56,800 | 3.5× |
| 08085 | Swedesboro | $481,900 | $134,800 | 3.6× |
| 08081 | Sicklerville | $383,400 | $105,800 | 3.6× |
| 08205 | Galloway | $338,900 | $93,400 | 3.6× |
Who is moving in
Household moves between the 2022 and 2023 tax years, measured county by county. Summed across its counties, New Jersey lost 38,740 households on net, and the households that left took $5.1bn more income than the arrivals brought. Of its 21 counties, six gained households. The tables show the largest gains and losses; the last column is how much more, or less, the average arriving household earned than the average household that left.
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Burlington County | +1,332 | +$21m | −$3,292 |
| Gloucester County | +864 | +$40m | −$1,441 |
| Ocean County | +572 | +$343m | +$11,545 |
| Sussex County | +248 | +$39m | +$2,373 |
| Salem County | +204 | −$2m | −$4,569 |
| Warren County | +96 | +$18m | +$1,739 |
| Cumberland County | −168 | −$39m | −$6,196 |
| Cape May County | −204 | +$55m | +$14,869 |
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Essex County | −7,252 | −$504m | +$4,207 |
| Middlesex County | −6,936 | −$1.0bn | −$8,789 |
| Passaic County | −5,758 | −$443m | −$1,606 |
| Bergen County | −4,016 | −$370m | +$1,905 |
| Union County | −3,756 | −$128m | +$6,998 |
What CITIZEN sees
CITIZEN grades every US ZIP code on one national scale, reading price and its direction, rent, local earnings, resident equity and where buyers and their money are arriving from. Grades are ranks: an A is the top 10% of the country, an F the bottom 10%. In New Jersey, 99 of 547 ZIP codes grade A and 17 grade F. Which ones, and why, is in CITIZEN.
Questions
Are home prices going up or down in New Jersey?
Up. Home values across New Jersey are up 3.9% over the past twelve months, to a typical $577K, and 500 of its 547 ZIP codes are higher than a year ago.
What is the typical home value in New Jersey?
$576,700 across New Jersey's 547 ZIP codes, as of August 2026. Among its metro areas, the typical home ranges from $263,000 in Vineland to $696,200 in Ocean City.
What is the cheapest place to buy a house in New Jersey?
Among New Jersey's metro areas with at least eight ZIP codes, Vineland has the lowest typical home value, $263,000. Among the larger half of its ZIP codes, 08104 in Camden is the cheapest, at $134,700.
Where are home prices rising fastest in New Jersey?
07310 in Jersey City (+14.7%), 07901 in Summit (+13.0%) and 08736 in Manasquan (+12.8%), over the past twelve months, among the larger half of its ZIP codes.
What is the typical rent in New Jersey?
About $2,500 a month, across the 258 ZIP codes with rent data, up 2.4% over the past year.
Are people moving to New Jersey?
On balance, no. Between the 2022 and 2023 tax years, New Jersey lost 38,740 households on net from moves, summed across its counties.
Other states
- Connecticut
- Delaware
- New York
- Pennsylvania
- Maryland
- Rhode Island
- District of Columbia
- Massachusetts
- All states
- Rankings
Sources and method
- Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values and rents through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023.
- State, metro and county figures are medians across their ZIP codes, not a separate index. The two-year chart is the median ZIP value for each month. Grades and scores are CITIZEN's own.
- ZIP code lists use the larger half of the state's ZIP codes by population.
- Updated monthly. Last updated 2026-10-14.
