Housing · Census ACS 2023
Housing Costs in New Jersey
Median home price
$461,000
#9 of 51 · 31% above US median
Median rent
$1,667/mo
#8 of 51 · 28% above US median
New Jersey Housing — FAQ
- What is the median home price in New Jersey?
- The median home value in New Jersey is $461,000 — 31% above the US median of $351,822 (Census ACS 2023). New Jersey ranks #9 of 51 for home prices.
- What is the average rent in New Jersey?
- The median gross rent in New Jersey is $1,667 per month — 28% above the US median of $1,300.
- Is New Jersey expensive to live in?
- For housing, New Jersey ranks #9 of 51 by home price and #8 by rent (1 = most expensive). Use our cost-of-living tools to compare total living costs.
Data source: U.S. Census Bureau — American Community Survey (ACS) 1-Year Estimates. See all states ranked or our methodology.