Market Overview
Home Prices in Boonton, NJ
The median home value in Boonton, NJ is $689,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boonton are priced68% above average. Boonton is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Boonton home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Boonton Home Price Trend
City Comparison
Boonton vs. National Median
At $689,276, homes in Boonton cost 68% above the national median of $410,000. Buyers in Boonton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Boonton?
20% Down Payment
$137,855
on $689,276
Monthly P&I
$3,595/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,566/mo
incl. taxes & insurance
Income Needed
$182,640
gross annual (30% rule)
10% Down Option
$68,928
+ PMI applies
Loan Amount (20% dn)
$551,421
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, NJ?
The median home value in Boonton is $689,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Boonton?
Over the past year, home values in Boonton have increased by 3.2%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Boonton?
To comfortably afford the median home price of $689,276 with a 20% down payment ($137,855) at today's rates (6.8%), you'd need a gross annual income of approximately $182,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Boonton compare to the national average home price?
The national median home value is approximately $410,000. At $689,276, homes in Boonton are 68% above the national average.
What metro area is Boonton part of?
Boonton 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.