Topics
Dive into each indicator for New Jersey.
$492,000
Median home value
$1,690
Median monthly rent
2023
64.3%
Homeownership rate
3.8 M
Total housing units
9.4%
Vacancy rate
≈ 34,000
Building permits
2023
2.23%
Effective property tax
1st in the U.S.
51%
Homes built before 1970
Historical data
Long-run evolution of the key indicators, so you can see the trend — not just today's snapshot.
Median home value
1950–2023$492,000▲ 4631%
Census / Zillow ZHVI, nominal dollars.
Homeownership rate
1950–202364.3%▲ 21%
Census Housing Vacancy Survey.
Data table
| Median home value | $492,000 | |
| Median monthly rent | $1,690 | 2023 |
| Homeownership rate | 64.3% | |
| Total housing units | 3.8 M | |
| Vacancy rate | 9.4% | |
| Building permits | ≈ 34,000 | 2023 |
| Effective property tax | 2.23% | 1st in the U.S. |
| Homes built before 1970 | 51% |
Compared to the United States
Coming soon
Side-by-side comparison of New Jersey vs. the U.S. average.
National ranking
Coming soon
The national ranking against every other state will appear here as more states are published.