New Jersey · Home Values · 2024
New Jersey home prices 2024 — median, average and county breakdown
According to the US Census Bureau's American Community Survey 5-Year Estimates (2020–2024), the median home value in New Jersey is $454,400. Across the 21 counties measured, home values range from $221,400 in Cumberland, NJ to $623,000 in Bergen, NJ.
New Jersey median home value, 2024
Most expensive counties in New Jersey
| County | Median home value |
|---|---|
| Bergen, NJ | $623,000 |
| Monmouth, NJ | $606,100 |
| Morris, NJ | $582,500 |
| Somerset, NJ | $552,100 |
| Hudson, NJ | $539,700 |
Most affordable counties in New Jersey
| County | Median home value |
|---|---|
| Cumberland, NJ | $221,400 |
| Salem, NJ | $239,500 |
| Camden, NJ | $287,100 |
| Atlantic, NJ | $295,000 |
| Gloucester, NJ | $310,400 |
Average vs median home price — what's the difference?
The figure $454,400 is the median home value reported by the US Census Bureau — the middle value when every owner-occupied home in New Jersey is sorted by price. Median is the standard measure used in housing reporting because it is not skewed by a small number of very expensive properties. The "average" home price searched for online almost always refers to this median value; true arithmetic averages tend to be 10–30% higher than the median in markets with high-end outliers, but the Census does not publish that figure.
For New Jersey specifically, the Census also reports a median monthly rent of $1,720 and a price-to-income ratio of 4.4×. Both are sourced from the same 2020–2024 ACS 5-Year Estimates release.
Explore New Jersey on the map
The figures above are static snapshots. The full county-level breakdown — including rent burden, price-to-income ratio, owner cost burden, and population change — is available on the interactive map.
Open New Jersey on the USInsights map →Compare with other states
See the same home-price breakdown for any other US state, or compare New Jersey side-by-side with the national rankings: