Data report · September 2026
The state of the New Jersey housing market.
Median home value and city-by-city trends across New Jersey, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
New Jersey median value
$575K
Zillow ZHVI, September 2026
Cities covered
41
with published pages
Report video
Monthly
per city, on each hub
The outlook
New Jersey housing market forecast 2027
+2.6%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 547 New Jersey ZIP codes, points to typical home values rising 2.6% by September 2027.
Over the 12 months through September 2026, typical home values in New Jersey rose 3.9%, per the Zillow Home Value Index.
Will home prices drop in New Jersey?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for New Jersey shows typical home values rising 2.6% by September 2027, after a 3.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 547 New Jersey ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Metro areas
Which New Jersey metro areas does Zillow expect to rise or fall?
Zillow's 12-month home value forecast for each metro area whose principal city is in New Jersey, through September 2027, largest first.
- 1Trenton, NJ+0.2%
- 2Atlantic City, NJ+3.0%
- 3Vineland, NJ+2.3%
- 4Ocean City, NJ+3.7%
Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.
Where values are climbing
Fastest appreciating New Jersey cities
- $2.23MUp12.2%
- $1.37MUp11.0%
- $501KUp9.7%
- $690KUp9.4%
- $1.07MUp9.3%
- $1.06MUp8.5%
- $1.16MUp8.1%
- $964KUp8.0%
- $458KUp6.7%
- $849KUp6.1%
Where the market is cooling
Fastest cooling New Jersey cities
- $132KDown12.7%
- $328KDown2.9%
- $497KDown0.1%
- $440KUp0.2%
- $646KUp0.2%
- $513KUp0.7%
- $495KUp1.5%
- $333KUp1.6%
- $544KUp1.8%
- $604KUp1.8%
Priciest markets in the state
Most expensive New Jersey cities by median value
- $2.23M
- $1.37M
- $1.16M
- $1.09M
- $1.07M
- $1.06M
- $1.03M
- $964K
- $931K
- $928K
Common questions
What people ask us.
Will home prices go up in New Jersey in 2027?
A weighted average of Zillow's ZIP forecasts, across 547 New Jersey ZIP codes, points to typical home values rising 2.6% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
What is the typical home value in New Jersey?
The typical home value in New Jersey is $575,161 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.
How much have New Jersey home values changed in the past year?
The median home value in New Jersey changed +3.9% over the 12 months ending September 2026, based on the Zillow Home Value Index.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in New Jersey, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the New Jersey market index.