Market Overview
Home Prices in Hoboken, NJ
The median home value in Hoboken, NJ is $883,215 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hoboken are priced115% above average. Hoboken is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Hoboken home values have risen by approximately4.8%, reflecting modest growth in this market.
Price History
Hoboken Home Price Trend
City Comparison
Hoboken vs. National Median
At $883,215, homes in Hoboken cost 115% above the national median of $410,000. Buyers in Hoboken should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hoboken?
20% Down Payment
$176,643
on $883,215
Monthly P&I
$4,606/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,850/mo
incl. taxes & insurance
Income Needed
$234,000
gross annual (30% rule)
10% Down Option
$88,322
+ PMI applies
Loan Amount (20% dn)
$706,572
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 Hoboken, NJ?
The median home value in Hoboken is $883,215 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Hoboken?
Over the past year, home values in Hoboken have increased by 2%. Over five years, prices have risen approximately 4.8%.
How much do I need to earn to buy a home in Hoboken?
To comfortably afford the median home price of $883,215 with a 20% down payment ($176,643) at today's rates (6.8%), you'd need a gross annual income of approximately $234,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Hoboken compare to the national average home price?
The national median home value is approximately $410,000. At $883,215, homes in Hoboken are 115% above the national average.
What metro area is Hoboken part of?
Hoboken 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.