Market Overview
Home Prices in Basking Ridge, NJ
The median home value in Basking Ridge, NJ is $961,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Basking Ridge are priced135% above average. Basking Ridge is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Price History
Basking Ridge Home Price Trend
2024
$873,150
$873K
—
2025
$923,845
$924K
+5.8%
2026
$961,665
$962K
+4.1%
City Comparison
Basking Ridge vs. National Median
🏠 Basking Ridge
$961,665
National Median
$410,000
At $961,665, homes in Basking Ridge cost 135% above the national median of $410,000. Buyers in Basking Ridge should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Basking Ridge?
20% Down Payment
$192,333
on $961,665
Monthly P&I
$5,015/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,369/mo
incl. taxes & insurance
Income Needed
$254,760
gross annual (30% rule)
10% Down Option
$96,167
+ PMI applies
Loan Amount (20% dn)
$769,332
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 Basking Ridge, NJ?
The median home value in Basking Ridge is $961,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Basking Ridge?
Over the past year, home values in Basking Ridge have increased by 4.1%.
How much do I need to earn to buy a home in Basking Ridge?
To comfortably afford the median home price of $961,665 with a 20% down payment ($192,333) at today's rates (6.8%), you'd need a gross annual income of approximately $254,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Basking Ridge compare to the national average home price?
The national median home value is approximately $410,000. At $961,665, homes in Basking Ridge are 135% above the national average.
What metro area is Basking Ridge part of?
Basking Ridge 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.