Market Overview
Home Prices in Cedar Grove, NJ
The median home value in Cedar Grove, NJ is $781,380 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cedar Grove are priced91% above average. Cedar Grove is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Cedar Grove home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Cedar Grove Home Price Trend
City Comparison
Cedar Grove vs. National Median
At $781,380, homes in Cedar Grove cost 91% above the national median of $410,000. Buyers in Cedar Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cedar Grove?
20% Down Payment
$156,276
on $781,380
Monthly P&I
$4,075/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,175/mo
incl. taxes & insurance
Income Needed
$207,000
gross annual (30% rule)
10% Down Option
$78,138
+ PMI applies
Loan Amount (20% dn)
$625,104
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 Cedar Grove, NJ?
The median home value in Cedar Grove is $781,380 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Cedar Grove?
Over the past year, home values in Cedar Grove have increased by 4.2%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Cedar Grove?
To comfortably afford the median home price of $781,380 with a 20% down payment ($156,276) at today's rates (6.8%), you'd need a gross annual income of approximately $207,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Cedar Grove compare to the national average home price?
The national median home value is approximately $410,000. At $781,380, homes in Cedar Grove are 91% above the national average.
What metro area is Cedar Grove part of?
Cedar Grove 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.