State Housing Market Report
New Jersey Housing Market
21 counties with data · Updated monthly
Avg Home Value
$525,507
▲ 2.8% year-over-year
Avg Rent/Month
$2,361
Homes For Sale
18,943
Counties
21
The New Jersey housing market spans 21 counties with active market data. The average home value across New Jersey is $525,507, up 2.8% year-over-year. Renters in New Jersey pay an average of $2,361 per month. There are currently 18,943 homes listed for sale statewide.
The most expensive county in New Jersey is Cape May County with an average home value of $760,540 (up 4.0% YoY). The most affordable is Cumberland County at $268,204 (up 1.6% YoY). That's a $492,336 spread between the top and bottom of the market.
New Jersey is showing moderate price movement, with conditions varying significantly by county. Each county report below includes historical home value charts going back to 2000, bedroom-level price breakdowns, market activity indicators, affordability analysis, and 12-month forecasts from Zillow. Click any county to explore its full market data and ZIP code breakdown.
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All Counties
New Jersey Counties by Home Value
All 21 counties in New Jersey ranked by average home value. Click any county to see its full market report.
| County | Avg Home Value | YoY Change | |
|---|---|---|---|
| Cape May County | $760,540 | ▲ 4.0% | View → |
| Bergen County | $745,671 | ▲ 4.9% | View → |
| Monmouth County | $740,107 | ▲ 2.6% | View → |
| Morris County | $677,666 | ▲ 3.0% | View → |
| Somerset County | $644,362 | ▲ 1.5% | View → |
| Essex County | $640,226 | ▲ 3.7% | View → |
| Hudson County | $625,635 | ▼ 0.3% | View → |
| Union County | $614,431 | ▲ 3.0% | View → |
| Hunterdon County | $609,882 | ▲ 2.4% | View → |
| Passaic County | $577,255 | ▲ 3.6% | View → |
| Middlesex County | $566,526 | ▲ 3.6% | View → |
| Ocean County | $528,203 | ▲ 3.7% | View → |
| Mercer County | $431,029 | ▲ 0.5% | View → |
| Sussex County | $430,130 | ▲ 3.4% | View → |
| Burlington County | $407,892 | ▲ 2.6% | View → |
| Warren County | $407,739 | ▲ 2.2% | View → |
| Gloucester County | $367,994 | ▲ 4.0% | View → |
| Atlantic County | $367,343 | ▲ 3.6% | View → |
| Camden County | $341,738 | ▲ 4.6% | View → |
| Salem County | $283,073 | ▲ 1.4% | View → |
| Cumberland County | $268,204 | ▲ 1.6% | View → |
Data Sources and Methodology
Market data on this page comes from the Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI), updated monthly by Zillow Research. Statewide averages are computed from individual county data.
Data is refreshed on the 17th of each month.
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