Market Overview
Home Prices in Fanwood, NJ
The median home value in Fanwood, NJ is $812,396 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fanwood are priced98% above average. Fanwood is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Fanwood home values have risen by approximately37.7%, reflecting strong long-term appreciation in this market.
Price History
Fanwood Home Price Trend
City Comparison
Fanwood vs. National Median
At $812,396, homes in Fanwood cost 98% above the national median of $410,000. Buyers in Fanwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fanwood?
20% Down Payment
$162,479
on $812,396
Monthly P&I
$4,237/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,381/mo
incl. taxes & insurance
Income Needed
$215,240
gross annual (30% rule)
10% Down Option
$81,240
+ PMI applies
Loan Amount (20% dn)
$649,917
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 Fanwood, NJ?
The median home value in Fanwood is $812,396 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Fanwood?
Over the past year, home values in Fanwood have increased by 5.1%. Over five years, prices have risen approximately 37.7%.
How much do I need to earn to buy a home in Fanwood?
To comfortably afford the median home price of $812,396 with a 20% down payment ($162,479) at today's rates (6.8%), you'd need a gross annual income of approximately $215,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Fanwood compare to the national average home price?
The national median home value is approximately $410,000. At $812,396, homes in Fanwood are 98% above the national average.
What metro area is Fanwood part of?
Fanwood 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.