Market Overview
Home Prices in Gloucester City, NJ
The median home value in Gloucester City, NJ is $243,103 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.1% 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 Gloucester City are priced41% below average. Gloucester City is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Gloucester City home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Gloucester City Home Price Trend
City Comparison
Gloucester City vs. National Median
At $243,103, homes in Gloucester City cost 41% below the national median of $410,000. This makes Gloucester City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gloucester City?
20% Down Payment
$48,621
on $243,103
Monthly P&I
$1,268/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,610/mo
incl. taxes & insurance
Income Needed
$64,400
gross annual (30% rule)
10% Down Option
$24,310
+ PMI applies
Loan Amount (20% dn)
$194,482
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 Gloucester City, NJ?
The median home value in Gloucester City is $243,103 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.1% year-over-year.
How much have home prices changed in Gloucester City?
Over the past year, home values in Gloucester City have decreased by 5.1%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Gloucester City?
To comfortably afford the median home price of $243,103 with a 20% down payment ($48,621) at today's rates (6.8%), you'd need a gross annual income of approximately $64,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Gloucester City compare to the national average home price?
The national median home value is approximately $410,000. At $243,103, homes in Gloucester City are 41% below the national average.
What metro area is Gloucester City part of?
Gloucester City is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.