Market Overview
Home Prices in Allendale, NJ
The median home value in Allendale, NJ is $1,125,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allendale are priced175% above average. Allendale is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Allendale home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Allendale Home Price Trend
City Comparison
Allendale vs. National Median
At $1,125,742, homes in Allendale cost 175% above the national median of $410,000. Buyers in Allendale should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Allendale?
20% Down Payment
$225,148
on $1,125,742
Monthly P&I
$5,871/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,456/mo
incl. taxes & insurance
Income Needed
$298,240
gross annual (30% rule)
10% Down Option
$112,574
+ PMI applies
Loan Amount (20% dn)
$900,594
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Allendale, NJ?
The median home value in Allendale is $1,125,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Allendale?
Over the past year, home values in Allendale have increased by 6.7%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Allendale?
To comfortably afford the median home price of $1,125,742 with a 20% down payment ($225,148) at today's rates (6.8%), you'd need a gross annual income of approximately $298,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Allendale compare to the national average home price?
The national median home value is approximately $410,000. At $1,125,742, homes in Allendale are 175% above the national average.
What metro area is Allendale part of?
Allendale is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.