Market Overview
Home Prices in Florham Park, NJ
The median home value in Florham Park, NJ is $1,076,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Florham Park are priced163% above average. Florham Park is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Florham Park home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Florham Park Home Price Trend
City Comparison
Florham Park vs. National Median
At $1,076,421, homes in Florham Park cost 163% above the national median of $410,000. Buyers in Florham Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Florham Park?
20% Down Payment
$215,284
on $1,076,421
Monthly P&I
$5,614/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,130/mo
incl. taxes & insurance
Income Needed
$285,200
gross annual (30% rule)
10% Down Option
$107,642
+ PMI applies
Loan Amount (20% dn)
$861,137
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 Florham Park, NJ?
The median home value in Florham Park is $1,076,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Florham Park?
Over the past year, home values in Florham Park have increased by 9.4%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Florham Park?
To comfortably afford the median home price of $1,076,421 with a 20% down payment ($215,284) at today's rates (6.8%), you'd need a gross annual income of approximately $285,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Florham Park compare to the national average home price?
The national median home value is approximately $410,000. At $1,076,421, homes in Florham Park are 163% above the national average.
What metro area is Florham Park part of?
Florham Park 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.