Market Overview
Home Prices in Elmer, NJ
The median home value in Elmer, NJ is $361,809 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmer are priced12% below average. Elmer is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Elmer home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Elmer Home Price Trend
City Comparison
Elmer vs. National Median
At $361,809, homes in Elmer cost 12% below the national median of $410,000. This makes Elmer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elmer?
20% Down Payment
$72,362
on $361,809
Monthly P&I
$1,887/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,396/mo
incl. taxes & insurance
Income Needed
$95,840
gross annual (30% rule)
10% Down Option
$36,181
+ PMI applies
Loan Amount (20% dn)
$289,447
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 Elmer, NJ?
The median home value in Elmer is $361,809 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Elmer?
Over the past year, home values in Elmer have increased by 1.3%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Elmer?
To comfortably afford the median home price of $361,809 with a 20% down payment ($72,362) at today's rates (6.8%), you'd need a gross annual income of approximately $95,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmer compare to the national average home price?
The national median home value is approximately $410,000. At $361,809, homes in Elmer are 12% below the national average.
What metro area is Elmer part of?
Elmer 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.