Market Overview
Home Prices in Highland Park, NJ
The median home value in Highland Park, NJ is $601,903 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Highland Park are priced47% above average. Highland Park is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Highland Park home values have risen by approximately35.4%, reflecting strong long-term appreciation in this market.
Price History
Highland Park Home Price Trend
City Comparison
Highland Park vs. National Median
At $601,903, homes in Highland Park cost 47% above the national median of $410,000. Buyers in Highland Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Highland Park?
20% Down Payment
$120,381
on $601,903
Monthly P&I
$3,139/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,987/mo
incl. taxes & insurance
Income Needed
$159,480
gross annual (30% rule)
10% Down Option
$60,190
+ PMI applies
Loan Amount (20% dn)
$481,522
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 Park, NJ?
The median home value in Highland Park is $601,903 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Highland Park?
Over the past year, home values in Highland Park have increased by 3.2%. Over five years, prices have risen approximately 35.4%.
How much do I need to earn to buy a home in Highland Park?
To comfortably afford the median home price of $601,903 with a 20% down payment ($120,381) at today's rates (6.8%), you'd need a gross annual income of approximately $159,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Highland Park compare to the national average home price?
The national median home value is approximately $410,000. At $601,903, homes in Highland Park are 47% above the national average.
What metro area is Highland Park part of?
Highland 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.