Market Overview
Home Prices in Berkeley Heights, NJ
The median home value in Berkeley Heights, NJ is $983,263 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Berkeley Heights are priced140% above average. Berkeley Heights is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Berkeley Heights home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Berkeley Heights Home Price Trend
City Comparison
Berkeley Heights vs. National Median
At $983,263, homes in Berkeley Heights cost 140% above the national median of $410,000. Buyers in Berkeley Heights should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Berkeley Heights?
20% Down Payment
$196,653
on $983,263
Monthly P&I
$5,128/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,513/mo
incl. taxes & insurance
Income Needed
$260,520
gross annual (30% rule)
10% Down Option
$98,326
+ PMI applies
Loan Amount (20% dn)
$786,610
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 Berkeley Heights, NJ?
The median home value in Berkeley Heights is $983,263 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Berkeley Heights?
Over the past year, home values in Berkeley Heights have increased by 5.5%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Berkeley Heights?
To comfortably afford the median home price of $983,263 with a 20% down payment ($196,653) at today's rates (6.8%), you'd need a gross annual income of approximately $260,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Berkeley Heights compare to the national average home price?
The national median home value is approximately $410,000. At $983,263, homes in Berkeley Heights are 140% above the national average.
What metro area is Berkeley Heights part of?
Berkeley Heights 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.