New Jersey Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in New Jersey?
The New Jersey housing market is showing balanced conditions.
home values have grown a moderate 3.2% year-over-year. there are currently 779 homes on the market.
Median Home Value
$558,805
Zillow Home Value Index
Year-over-Year
+3.2%
Home value change
5-Year Change
+44.4%
Since 2021
Median Rent
$2,094/mo
Zillow Observed Rent Index
Active Listings
779
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for New Jersey vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in New Jersey: $2,094/mo (+4.2% YoY)
Rent vs. Buy Analysis
With a median home value of $558,805 and average rent of $2,094/mo, the price-to-rent ratio in New Jersey is 22.2. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in New Jersey
Explore housing data for 4 metro areas in New Jersey. Click any market for detailed trends and analysis.
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.