Market Overview
Home Prices in Deepwater, NJ
The median home value in Deepwater, NJ is $203,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deepwater are priced50% below average. Deepwater is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Price History
Deepwater Home Price Trend
2024
$183,638
$184K
—
2025
$197,836
$198K
+7.7%
2026
$203,172
$203K
+2.7%
City Comparison
Deepwater vs. National Median
🏠 Deepwater
$203,172
National Median
$410,000
At $203,172, homes in Deepwater cost 50% below the national median of $410,000. This makes Deepwater a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Deepwater?
20% Down Payment
$40,634
on $203,172
Monthly P&I
$1,060/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,346/mo
incl. taxes & insurance
Income Needed
$53,840
gross annual (30% rule)
10% Down Option
$20,317
+ PMI applies
Loan Amount (20% dn)
$162,538
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 Deepwater, NJ?
The median home value in Deepwater is $203,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Deepwater?
Over the past year, home values in Deepwater have increased by 2.7%.
How much do I need to earn to buy a home in Deepwater?
To comfortably afford the median home price of $203,172 with a 20% down payment ($40,634) at today's rates (6.8%), you'd need a gross annual income of approximately $53,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Deepwater compare to the national average home price?
The national median home value is approximately $410,000. At $203,172, homes in Deepwater are 50% below the national average.
What metro area is Deepwater part of?
Deepwater is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.