Market Overview
Home Prices in Highland Lake, NJ
The median home value in Highland Lake, NJ is $408,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Highland Lake are priced0% below average. Highland Lake is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Highland Lake home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Highland Lake Home Price Trend
City Comparison
Highland Lake vs. National Median
At $408,624, homes in Highland Lake cost 0% below the national median of $410,000. This makes Highland Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Highland Lake?
20% Down Payment
$81,725
on $408,624
Monthly P&I
$2,131/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,706/mo
incl. taxes & insurance
Income Needed
$108,240
gross annual (30% rule)
10% Down Option
$40,862
+ PMI applies
Loan Amount (20% dn)
$326,899
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 Highland Lake, NJ?
The median home value in Highland Lake is $408,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Highland Lake?
Over the past year, home values in Highland Lake have increased by 2.5%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Highland Lake?
To comfortably afford the median home price of $408,624 with a 20% down payment ($81,725) at today's rates (6.8%), you'd need a gross annual income of approximately $108,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Highland Lake compare to the national average home price?
The national median home value is approximately $410,000. At $408,624, homes in Highland Lake are 0% below the national average.
What metro area is Highland Lake part of?
Highland Lake 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.