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Highest Home Value in New Jersey

Top 100 cities ranked by highest home value

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All Countries  ·  United States  ·  New Jersey

Highest Home Value — New Jersey

1 Short Hills $1,621,200
2 Rumson $1,609,400
3 Englewood Cliffs $1,232,700
4 Franklin Lakes $1,217,500
5 Upper Saddle River $1,101,800
6 Princeton $1,040,400
7 Tenafly $974,300
8 Summit $969,900
9 Upper Montclair $968,200
10 Manasquan $947,100
11 Chatham $944,300
12 Fair Haven $943,300
13 Lyons $936,000
14 Westfield $930,500
15 Old Tappan $910,600
16 North Caldwell $906,100
17 Woodcliff Lake $901,800
18 Madison $882,900
19 Ridgewood $882,700
20 Hoboken $872,100
21 Little Silver $870,700
22 Basking Ridge $841,700
23 Watchung $833,300
24 Closter $820,100
25 Glen Rock $817,300
26 Belle Mead $777,600
27 Belmar $771,400
28 Cresskill $764,800
29 Allendale $764,600
30 Mountainside $755,600
31 Bernardsville $737,600
32 Paramus $736,000
33 Blackwells Mills $736,000
34 New Providence $734,300
35 Glen Ridge $730,600
36 Edgewater $723,400
37 Florham Park $722,700
38 Ocean City $719,100
39 Lincroft $719,000
40 Haddonfield $708,800
41 Palisades Park $704,400
42 Martinsville $702,700
43 Oradell $702,400
44 Towaco $690,900
45 Montvale $688,500
46 Pine Brook $686,300
47 Oceanport $685,800
48 Kinnelon $682,600
49 Norwood $676,400
50 Park Ridge $666,200
51 Ramsey $665,700
52 Hillsdale $656,800
53 Bridgewater Center $649,900
54 Margate City $645,200
55 Robertsville $645,100
56 Roseland $640,600
57 River Edge $637,500
58 Princeton Meadows $636,300
59 Neshanic Station $636,200
60 Troy Hills $634,600
61 Leonia $634,500
62 West Long Branch $631,300
63 East Freehold $626,800
64 Emerson $626,000
65 Lakewood $618,400
66 Whippany $612,500
67 Fanwood $610,600
68 Morris Plains $609,700
69 Ridgefield $609,700
70 Preakness $603,200
71 Packanack Lake $594,000
72 Westwood $587,700
73 Midland Park $586,200
74 Green Knoll $581,600
75 Rutherford $580,800
76 Beach Haven West $577,500
77 Cliffside Park $577,200
78 Waldwick $576,200
79 Morganville $575,900
80 Yorketown $575,700
81 The Hills $570,100
82 Oakland $567,200
83 Metuchen $565,400
84 Franklin Center $565,200
85 Heathcote $563,500
86 Caldwell $563,000
87 Secaucus $557,800
88 Kendall Park $555,100
89 New Milford $554,800
90 Morristown $552,800
91 Parsippany $540,800
92 Jersey City $534,500
93 Moorestown-Lenola $533,400
94 Wood-Ridge $532,900
95 Fair Lawn $532,700
96 Brookdale $527,200
97 Carlstadt $523,800
98 Point Pleasant $523,400
99 Kenilworth $521,100
100 Long Branch $519,000

The most expensive housing markets in New Jersey reflect areas of high demand, limited supply, and strong local economies. Short Hills leads with a median home value of $1,621,200. These cities are often located in major metro areas or regions with significant economic activity.

High home values are driven by factors including strong job markets, desirable locations, good school districts, and limited buildable land. For homeowners, high values represent significant wealth accumulation, but for prospective buyers, they create substantial barriers to entry.

Many of the most expensive markets have seen rapid appreciation over the past decade, outpacing income growth and raising affordability concerns. This has led to increased interest in remote work opportunities that allow residents to earn high salaries while living in more affordable areas.

Did You Know?

  • 1. A typical home in Short Hills costs $1,621,200 — 4.6x the national median of $350,000.
  • 2. Home values in the top 10 most expensive cities have increased by an average of 40-60% over the past decade.
  • 3. In the most expensive markets, a 20% down payment alone exceeds the median home price in most U.S. cities.

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