Market Overview
Home Prices in Boonton Township, NJ
The median home value in Boonton Township, NJ is $850,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boonton Township are priced107% above average. Boonton Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Boonton Township home values have risen by approximately27.0%, reflecting strong long-term appreciation in this market.
Price History
Boonton Township Home Price Trend
City Comparison
Boonton Township vs. National Median
At $850,573, homes in Boonton Township cost 107% above the national median of $410,000. Buyers in Boonton Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Boonton Township?
20% Down Payment
$170,115
on $850,573
Monthly P&I
$4,436/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,634/mo
incl. taxes & insurance
Income Needed
$225,360
gross annual (30% rule)
10% Down Option
$85,057
+ PMI applies
Loan Amount (20% dn)
$680,458
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 Boonton Township, NJ?
The median home value in Boonton Township is $850,573 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Boonton Township?
Over the past year, home values in Boonton Township have increased by 2.9%. Over five years, prices have risen approximately 27.0%.
How much do I need to earn to buy a home in Boonton Township?
To comfortably afford the median home price of $850,573 with a 20% down payment ($170,115) at today's rates (6.8%), you'd need a gross annual income of approximately $225,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Boonton Township compare to the national average home price?
The national median home value is approximately $410,000. At $850,573, homes in Boonton Township are 107% above the national average.
What metro area is Boonton Township part of?
Boonton Township 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.