Market Overview
Home Prices in Fort Lee, NJ
The median home value in Fort Lee, NJ is $599,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fort Lee are priced46% above average. Fort Lee is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Fort Lee home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Fort Lee Home Price Trend
City Comparison
Fort Lee vs. National Median
At $599,918, homes in Fort Lee cost 46% above the national median of $410,000. Buyers in Fort Lee should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fort Lee?
20% Down Payment
$119,984
on $599,918
Monthly P&I
$3,129/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,974/mo
incl. taxes & insurance
Income Needed
$158,960
gross annual (30% rule)
10% Down Option
$59,992
+ PMI applies
Loan Amount (20% dn)
$479,934
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 Fort Lee, NJ?
The median home value in Fort Lee is $599,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Fort Lee?
Over the past year, home values in Fort Lee have increased by 6.5%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Fort Lee?
To comfortably afford the median home price of $599,918 with a 20% down payment ($119,984) at today's rates (6.8%), you'd need a gross annual income of approximately $158,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Fort Lee compare to the national average home price?
The national median home value is approximately $410,000. At $599,918, homes in Fort Lee are 46% above the national average.
What metro area is Fort Lee part of?
Fort Lee 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.