Market Overview
Home Prices in Cranbury Township, NJ
The median home value in Cranbury Township, NJ is $992,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% 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 Cranbury Township are priced142% above average. Cranbury Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Cranbury Township home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
Cranbury Township Home Price Trend
City Comparison
Cranbury Township vs. National Median
At $992,897, homes in Cranbury Township cost 142% above the national median of $410,000. Buyers in Cranbury Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cranbury Township?
20% Down Payment
$198,579
on $992,897
Monthly P&I
$5,178/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,576/mo
incl. taxes & insurance
Income Needed
$263,040
gross annual (30% rule)
10% Down Option
$99,290
+ PMI applies
Loan Amount (20% dn)
$794,318
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 Cranbury Township, NJ?
The median home value in Cranbury Township is $992,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Cranbury Township?
Over the past year, home values in Cranbury Township have increased by 3.3%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in Cranbury Township?
To comfortably afford the median home price of $992,897 with a 20% down payment ($198,579) at today's rates (6.8%), you'd need a gross annual income of approximately $263,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Cranbury Township compare to the national average home price?
The national median home value is approximately $410,000. At $992,897, homes in Cranbury Township are 142% above the national average.
What metro area is Cranbury Township part of?
Cranbury 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.