Market Overview
Home Prices in Fair Lawn, NJ
The median home value in Fair Lawn, NJ is $733,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fair Lawn are priced79% above average. Fair Lawn is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Fair Lawn home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Fair Lawn Home Price Trend
City Comparison
Fair Lawn vs. National Median
At $733,537, homes in Fair Lawn cost 79% above the national median of $410,000. Buyers in Fair Lawn should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fair Lawn?
20% Down Payment
$146,707
on $733,537
Monthly P&I
$3,826/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,859/mo
incl. taxes & insurance
Income Needed
$194,360
gross annual (30% rule)
10% Down Option
$73,354
+ PMI applies
Loan Amount (20% dn)
$586,830
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 Fair Lawn, NJ?
The median home value in Fair Lawn is $733,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Fair Lawn?
Over the past year, home values in Fair Lawn have increased by 6.4%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Fair Lawn?
To comfortably afford the median home price of $733,537 with a 20% down payment ($146,707) at today's rates (6.8%), you'd need a gross annual income of approximately $194,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Fair Lawn compare to the national average home price?
The national median home value is approximately $410,000. At $733,537, homes in Fair Lawn are 79% above the national average.
What metro area is Fair Lawn part of?
Fair Lawn 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.