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State

Data from November 2026

Housing , home prices, rents and assistance in New Jersey (2026)

In New Jersey, a typical home is worth $454,400 and the typical rent is $1,720 a month. The FHA limit for a one-unit home runs from $541,287 to $1,249,125 depending on the county. 34 HUD-approved counseling agencies serve New Jersey; 18 say they serve you in Spanish.

Most populous:

Typical home value by county

  • Under $310,400
  • $310,400–$377,700
  • $377,700–$462,900
  • $462,900–$539,700
  • $539,700 or more

Tap the map to see each county’s figure and open its page.

Typical home value
$454,400
37% more than the U.S.
U.S.: $332,700
Typical rent per month
$1,720
22% more than the U.S.
U.S.: $1,413
Typical household income
$103,556
28% more than the U.S.
U.S.: $80,734
FHA limit, 1 unit
$541,287 to $1,249,125
It changes by county. The highest applies in 12 counties.
U.S.: $541,287 to $1,299,500
Property tax
2.11%
of value a year
The typical bill is $9,590 a year.
U.S.: 0.94%

Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates Source: FHA mortgage limits (HUD) Data from 2026 data FHA mortgage limits (HUD)

In short

Living in New Jersey

In New Jersey, a typical home is worth $454,400: 37% more than in the United States overall. Prices change a lot by county: from $221,400 in Cumberland County to $623,000 in Bergen County. The typical household earns $103,556 a year and the typical rent is $1,720 a month; 52% of renter households spend 30% or more of their income on housing. 64% of households own their home, and the typical property tax is $9,590 a year (about 2.11% of value).

The conforming loan limit for a one-unit home runs from $832,750 to $1,209,750 depending on the county. To pay HUD’s fair rent for a 2-bedroom apartment in New Jersey ($2,268) without spending more than 30% of income, you need about $43.62 an hour working full time.

Source: Conforming loan limits (FHFA) Data from 2026 data Conforming loan limits (FHFA) Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

The essentials in New Jersey

More on property tax

  • ANCHOR, Senior Freeze and Stay NJ: one combined application

    New Jersey refunds part of the property tax through three programs (ANCHOR for owners and renters, Senior Freeze and Stay NJ for seniors). Seniors and Social Security disability-benefit recipients apply with one form, the PAS-1; the deadline for the 2025 application was November 2, 2026.

    New Jersey Division of Taxation · Verified November 6, 2026

  • $250 deduction for seniors and disabled persons

    An annual $250 deduction for owners 65 or older, or disabled, who live in the home and have been New Jersey residents for at least a year before October 1, under an income threshold. You apply with Form PTD to the local assessor or tax collector.

    New Jersey Division of Taxation · Verified October 15, 2026

  • $250 veterans deduction

    Honorably discharged veterans with active-duty service (and certain surviving spouses) who are legal New Jersey residents and own the home can take $250 off each year. You apply with Form V.S.S. to the local assessor or tax collector.

    New Jersey Division of Taxation · Verified October 15, 2026

  • Realty Transfer Fee

    When the deed is recorded, the state charges the seller a fee that steps up with the price; reduced rates apply to seniors 62 and older, blind or disabled persons and low- and moderate-income housing. Sales above $1 million add a graduated percentage fee, also owed by the seller.

    New Jersey Division of Taxation · Verified October 15, 2026

The homes here

Housing in New Jersey

What homes there are in New Jersey, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in New Jersey, but it weighs less than in the U.S.: 53% against 61%.

Year built

The typical home in New Jersey was built in 1970, 10 years before the typical one in the U.S..

There are fewer big homes in New Jersey than in the U.S.: 57% have 3 bedrooms or more, against 61%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The most common value range in New Jersey is between $300K and $500K: that is where 34% of owner-occupied homes sit.

Monthly rent with utilities

Looking at what people pay in rent in New Jersey, the most common range is between $1,500 and $1,999 a month (29%).

With a mortgage

$2,829 a month

United States: $1,963 a month

Without a mortgage

$1,232 a month

United States: $638 a month

Owners with a mortgage

64%

United States: 61%

The typical cost for an owner with a mortgage in New Jersey is $2,829 a month, more than in the U.S. ($1,963); without one, $1,232.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in New Jersey rose 35% since 2015–2019, less than in the U.S. (53%).

Since 2015–2019, the typical rent in New Jersey rose 29%, less than in the U.S. (33%).

Here income did not keep up with housing: it rose 26%, while home values changed +35% and rent +29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNew JerseyUnited States
Rental vacancy 3.5%5.5%
Homeowner vacancy 0.7%0.9%
More than one person per room 4.0%3.4%
People per household 2.622.53
Drive alone 62%69%
Carpool 8%9%
Public transit 8%3%
Walk or bike 3%3%
Work from home 17%15%
Other means 2%2%
Typical commute 20 to 29 minutes20 to 29 minutes

There is little rental housing open in New Jersey: only 3.5% is empty and offered for rent, against 5.5% in the U.S..

In New Jersey, 4.0% of households live with more than one person per room, about the same as in the U.S..

By size, households in New Jersey look like those in the U.S.: 2.62 people on average.

In New Jersey, 8% of workers get to work by public transit; in the U.S., 3%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Places

Explore the counties in New Jersey

Sort by any column. Each name leads to its page.

See the counties page
Population, typical home value, FHA limit, 2-bedroom fair rent and typical income by county in New Jersey
Bergen County962,316$623,000$1,249,125$2,282$124,884
Middlesex County871,290$462,900$1,249,125$2,623$111,549
Essex County863,002$524,100$1,249,125$2,233$80,789
Hudson County718,323$539,700$1,249,125$2,792$91,795
Ocean County654,362$398,400$1,249,125$2,283$89,863
Monmouth County645,353$606,100$1,249,125$2,283$124,845
Union County579,290$529,200$1,249,125$2,233$103,202
Camden County527,257$287,100$630,200$1,860$88,755
Passaic County521,012$459,500$1,249,125$2,282$87,522
Morris County514,528$582,500$1,249,125$2,233$137,326
Burlington County467,805$354,000$630,200$1,860$108,111
Mercer County385,864$377,700$541,287$2,242$100,645
Somerset County349,846$552,100$1,249,125$2,623$140,374
Gloucester County306,954$310,400$630,200$1,860$105,115
Atlantic County276,270$295,000$730,250$1,899$78,050
Cumberland County153,305$221,400$541,287$1,704$67,436
Sussex County145,807$369,400$1,249,125$2,233$116,186
Hunterdon County130,160$517,200$1,249,125$2,623$141,715
Warren County110,849$346,500$541,287$2,021$100,869
Cape May County94,941$434,600$730,250$1,857$91,128
Salem County65,275$239,500$630,200$1,860$79,960

Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates Source: FHA mortgage limits (HUD) Data from 2026 data FHA mortgage limits (HUD) Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

Calculator

Work out your payment in New Jersey

Start from the typical home value in New Jersey, $454,400, and this week’s average rate. Move the price and the down payment to see your monthly payment. If you already visited a county, the calculator uses its numbers.

More math for New Jersey

$
%

Estimated monthly payment

$4,212

FHA loan over 30 years, with estimated taxes and insurance.

See the full calculation

Prices and risks

Three official measures that help you decide: how much home prices have changed according to FHFA, how prices compare with the national average according to BEA, and how many homes sit in a flood zone according to FEMA.

Home prices

How have home prices changed?

According to the FHFA House Price Index, home prices in New Jersey rose 88% in the 10 years through 2025.

Price change each year

Period New Jersey United States
In 2025 +6.2% +2.9%
5 years (2020–2025) +63% +47%
10 years (2015–2025) +88% +85%

The index follows the prices of the same homes over time (sales and appraisals on loans bought or guaranteed by Fannie Mae and Freddie Mac). It is not the average price of a home. FHFA considers its annual state indexes experimental.

Source: FHFA House Price Index (HPI) Data from 2025 data FHFA House Price Index (HPI)

Cost of living

How expensive are prices here?

According to the Bureau of Economic Analysis (BEA), in 2024 prices in New Jersey were 9% higher than the U.S. average. Housing rents were 33% higher than nationwide.

Category New Jersey United States Versus the U.S.
All prices Consumer goods and services 108.8 100.0 9% more
Housing rents What renters pay 134.3 100.6 33% more
Water, power and gas Water, sewer, electricity and gas 114.2 98.4 16% more
Goods Food, clothing, transportation and more 107.1 99.6 8% more
Other services Services other than rent 103.5 100.1 3% more

BEA expresses each index as a percentage of the average U.S. price level: a higher number means higher prices, and a lower one, lower prices.

Source: Regional price parities (BEA) Data from 2024 data Regional price parities (BEA)

Flooding

Is there a flood risk?

According to FEMA, in New Jersey 6.7% of homes (161,481) are in a high-risk flood zone. Of those homes, 63% have NFIP flood insurance.

  • A high-risk zone (Special Flood Hazard Area) has a 1% or greater chance of flooding each year. 44 CFR 59.1
  • If the home is in that zone and the loan comes from a regulated lender, federal law requires flood insurance for the life of the loan, in communities that take part in the NFIP. 42 U.S.C. 4012a
  • Most homeowners insurance does not cover flood damage. FEMA, FloodSmart
New Jersey United States
Homes in a high-risk zone 6.7% 3.5%
Of those, with NFIP insurance 63% 48%
All homes with NFIP insurance 5% 2.9%

The NFIP is the federal flood insurance program; private policies are not counted. FEMA counts homes with its National Structure Inventory. We add up the county figures FEMA publishes.

Look up your address on FEMA’s map Source: Homes with flood insurance (NFIP, FEMA) As of August 3, 2026 Homes with flood insurance (NFIP, FEMA)

Places

Cities in New Jersey

The 16 most populous cities with a page. Each one compares its prices and rents with its county.

See the other cities (279)

    Help to buy

    Assistance programs in New Jersey

    Our list has 2 official programs that help you buy in New Jersey. Each card says what kind of help it gives and when we checked its official page.

    See all 2 programs
    1. NJHMFA Down Payment Assistance Program

      NJHMFA second loan with no interest, forgiven after five years, for first-time buyers in New Jersey. Offered by New Jersey Housing and Mortgage Finance Agency (NJHMFA).

      Forgivable Verified November 5, 2026

    2. NJHMFA First Generation Down Payment Assistance Program

      Extra NJHMFA assistance for first-time buyers whose parents have never owned a home (or who were in foster care in New Jersey). Offered by New Jersey Housing and Mortgage Finance Agency (NJHMFA).

      Forgivable Verified November 5, 2026

    Tenant rights

    Tenant rights in New Jersey

    New Jersey law answers 5 of these 5 questions, each answer with its citation. Where it says “Data not available”, we have not verified it against the source yet.

    A summary of state law, not legal advice. Cities may have additional rules.

    See every right

    1. How much can they charge for a deposit?

      In New Jersey, a landlord cannot require a security deposit of more than 1.5 times one month's rent.

      N.J.S.A. 46:8-21.2

    2. When must they return my deposit?

      When your lease ends, the landlord has 30 days to return your deposit plus your share of the interest, minus charges allowed by the lease. It must be delivered in person or by registered or certified mail.

      N.J.S.A. 46:8-21.1

    3. If I fall behind on rent, what notice must I get?

      In New Jersey, when the case is for nonpayment of rent, the law does not require the landlord to give a written notice to quit first. For most other causes, that notice is required.

      N.J.S.A. 2A:18-61.2

    4. How much notice ends a month-to-month rental?

      In most New Jersey rentals, the landlord can remove you only for one of the good-cause reasons in the law, even if you rent month to month. There are exceptions, such as owner-occupied buildings with two or fewer rental units. In those cases, a month-to-month tenancy ends with 1 month's notice.

      N.J.S.A. 2A:18-61.1; N.J.S.A. 2A:18-56(b)

    5. Are there limits on late fees?

      If rent is due on the 1st of the month, the landlord must allow 5 business days of grace with no late charge. This rule applies only to seniors with certain pensions and to people receiving certain benefits, such as SSI or Work First New Jersey.

      N.J.S.A. 2A:42-6.1; 2A:42-6.3

    A father holds his baby and his young son by a white picket fence.

    Help and advice

    Who can help you in New Jersey?

    You do not have to do this alone. A HUD-approved housing counselor gives independent advice on buying, renting, late payments and credit, often free or at low cost.

    34 HUD-approved counseling agencies serve New Jersey; 18 say they serve you in Spanish. Choose your county to see the closest ones with their phone number.

    98 public housing authorities run Section 8 vouchers and public housing in New Jersey.

    See all 34 agencies See the housing agencies

    Who runs the help in New Jersey

    • New Jersey Housing and Mortgage Finance Agency (NJHMFA)

      Buying a home is a big step, and it can be hard to know where to start. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) provides a variety of programs to assist prospective homebuyers, and its page lists them. To learn the homebuying process, it offers a guide for New Jersey homebuyers, The Road Home New Jersey, which is also available in Spanish.

      The agency's official page · Verified October 17, 2026

    Where to file a complaint in New Jersey

    • Where to file a housing discrimination complaint

      The New Jersey Law Against Discrimination (LAD) prohibits housing discrimination. If you believe your rights under the LAD were violated, you may file a complaint with the Division on Civil Rights (DCR) within 180 days of the incident.

      New Jersey Division on Civil Rights (DCR) · Verified October 16, 2026

    • Help with homeowners insurance complaints or questions

      The New Jersey Department of Banking and Insurance answers questions and opens formal complaints through its Consumer Inquiry and Response Center (CIRC), including general insurance complaints such as home insurance.

      New Jersey Department of Banking and Insurance (DOBI) · Verified October 16, 2026

    Guides

    Guides for you in New Jersey

    We picked them with the numbers of New Jersey. Each one says why it can help you.

    Frequently asked questions about housing in New Jersey

    What is the FHA limit in New Jersey in 2026?

    In New Jersey, the FHA limit for a one-unit home runs from $541,287 to $1,249,125. The highest is in Bergen County.

    How much does a typical home cost in New Jersey?

    The typical home value in New Jersey is $454,400 (Average 2020–2024, U.S. Census). The highest is in Bergen County ($623,000) and the lowest in Cumberland County ($221,400).

    How much does it cost to rent in New Jersey?

    The typical rent in New Jersey is $1,720 a month (Average 2020–2024, U.S. Census).

    How much do you need to earn to rent a 2-bedroom apartment in New Jersey?

    At HUD's average fair market rent in New Jersey ($2,268, Fiscal year 2027), about $43.62 an hour working full time, so rent stays under 30% of income.

    How much is property tax in New Jersey?

    The typical property tax in New Jersey is $9,590 a year, about 2.11% of home value (Average 2020–2024, U.S. Census).

    Where can I find free help in Spanish to buy a home in New Jersey?

    There are 34 HUD-approved counseling agencies in New Jersey; 18 say they serve you in Spanish. Each county page lists the closest ones with their phone number.

    Sources: American Community Survey (Average 2020–2024); FHA mortgage limits (2026 data); Conforming loan limits (2026 data); Fair Market Rents (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (Retrieved November 6, 2026); FHFA House Price Index (2025 data); Homes with flood insurance (As of August 3, 2026); Regional price parities (2024 data); Census Bureau cartographic boundary files (2024 data).