What is the median home value in New Jersey?
The median home value in New Jersey is $427,600, with median rent of $1,653/month, according to Census ACS 5-Year estimates. 63.7% of housing units are owner-occupied.
Context
Home values in New Jersey reflect a mix of construction costs, land prices, demand from in-migration, and local zoning. The Census collects self-reported owner estimates, which tend to track but slightly lag actual market sale prices.
Explore Further
Related Questions
What is the population of New Jersey?What is the median household income in New Jersey?What is the largest city in New Jersey?What is the largest county in New Jersey?What is the cheapest city in New Jersey?What are the demographics of New Jersey?What is the cost of living in New Jersey?Is New Jersey growing or shrinking?
Frequently Asked Questions
The median home value in New Jersey is $427,600, with median rent of $1,653/month, according to Census ACS 5-Year estimates. 63.7% of housing units are owner-occupied.