Market Overview
Home Prices in Blackwood, NJ
The median home value in Blackwood, NJ is $380,881 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 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 Blackwood are priced7% below average. Blackwood is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Blackwood home values have risen by approximately46.6%, reflecting strong long-term appreciation in this market.
Price History
Blackwood Home Price Trend
City Comparison
Blackwood vs. National Median
At $380,881, homes in Blackwood cost 7% below the national median of $410,000. This makes Blackwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blackwood?
20% Down Payment
$76,176
on $380,881
Monthly P&I
$1,986/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,522/mo
incl. taxes & insurance
Income Needed
$100,880
gross annual (30% rule)
10% Down Option
$38,088
+ PMI applies
Loan Amount (20% dn)
$304,705
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 Blackwood, NJ?
The median home value in Blackwood is $380,881 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Blackwood?
Over the past year, home values in Blackwood have increased by 5%. Over five years, prices have risen approximately 46.6%.
How much do I need to earn to buy a home in Blackwood?
To comfortably afford the median home price of $380,881 with a 20% down payment ($76,176) at today's rates (6.8%), you'd need a gross annual income of approximately $100,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Blackwood compare to the national average home price?
The national median home value is approximately $410,000. At $380,881, homes in Blackwood are 7% below the national average.
What metro area is Blackwood part of?
Blackwood is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.