Market Overview
Home Prices in Cranford, NJ
The median home value in Cranford, NJ is $798,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cranford are priced95% above average. Cranford is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Cranford home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Cranford Home Price Trend
City Comparison
Cranford vs. National Median
At $798,611, homes in Cranford cost 95% above the national median of $410,000. Buyers in Cranford should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cranford?
20% Down Payment
$159,722
on $798,611
Monthly P&I
$4,165/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,290/mo
incl. taxes & insurance
Income Needed
$211,600
gross annual (30% rule)
10% Down Option
$79,861
+ PMI applies
Loan Amount (20% dn)
$638,889
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 Cranford, NJ?
The median home value in Cranford is $798,611 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Cranford?
Over the past year, home values in Cranford have increased by 5.6%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Cranford?
To comfortably afford the median home price of $798,611 with a 20% down payment ($159,722) at today's rates (6.8%), you'd need a gross annual income of approximately $211,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Cranford compare to the national average home price?
The national median home value is approximately $410,000. At $798,611, homes in Cranford are 95% above the national average.
What metro area is Cranford part of?
Cranford 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.