Market Overview
Home Prices in Essex Fells, NJ
The median home value in Essex Fells, NJ is $1,493,814 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% 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 Essex Fells are priced264% above average. Essex Fells is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Essex Fells home values have risen by approximately44.4%, reflecting strong long-term appreciation in this market.
Price History
Essex Fells Home Price Trend
City Comparison
Essex Fells vs. National Median
At $1,493,814, homes in Essex Fells cost 264% above the national median of $410,000. Buyers in Essex Fells should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Essex Fells?
20% Down Payment
$298,763
on $1,493,814
Monthly P&I
$7,791/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,895/mo
incl. taxes & insurance
Income Needed
$395,800
gross annual (30% rule)
10% Down Option
$149,381
+ PMI applies
Loan Amount (20% dn)
$1,195,051
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 Essex Fells, NJ?
The median home value in Essex Fells is $1,493,814 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Essex Fells?
Over the past year, home values in Essex Fells have increased by 7.2%. Over five years, prices have risen approximately 44.4%.
How much do I need to earn to buy a home in Essex Fells?
To comfortably afford the median home price of $1,493,814 with a 20% down payment ($298,763) at today's rates (6.8%), you'd need a gross annual income of approximately $395,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Essex Fells compare to the national average home price?
The national median home value is approximately $410,000. At $1,493,814, homes in Essex Fells are 264% above the national average.
What metro area is Essex Fells part of?
Essex Fells 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.