Market Overview
Home Prices in Far Hills, NJ
The median home value in Far Hills, NJ is $1,403,698 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Far Hills are priced242% above average. Far Hills is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Far Hills home values have risen by approximately38.2%, reflecting strong long-term appreciation in this market.
Price History
Far Hills Home Price Trend
City Comparison
Far Hills vs. National Median
At $1,403,698, homes in Far Hills cost 242% above the national median of $410,000. Buyers in Far Hills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Far Hills?
20% Down Payment
$280,740
on $1,403,698
Monthly P&I
$7,321/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,298/mo
incl. taxes & insurance
Income Needed
$371,920
gross annual (30% rule)
10% Down Option
$140,370
+ PMI applies
Loan Amount (20% dn)
$1,122,958
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 Far Hills, NJ?
The median home value in Far Hills is $1,403,698 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Far Hills?
Over the past year, home values in Far Hills have increased by 2.8%. Over five years, prices have risen approximately 38.2%.
How much do I need to earn to buy a home in Far Hills?
To comfortably afford the median home price of $1,403,698 with a 20% down payment ($280,740) at today's rates (6.8%), you'd need a gross annual income of approximately $371,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Far Hills compare to the national average home price?
The national median home value is approximately $410,000. At $1,403,698, homes in Far Hills are 242% above the national average.
What metro area is Far Hills part of?
Far Hills 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.