Market Overview
Home Prices in Island Heights, NJ
The median home value in Island Heights, NJ is $637,614 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Island Heights are priced56% above average. Island Heights is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Island Heights home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Island Heights Home Price Trend
City Comparison
Island Heights vs. National Median
At $637,614, homes in Island Heights cost 56% above the national median of $410,000. Buyers in Island Heights should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Island Heights?
20% Down Payment
$127,523
on $637,614
Monthly P&I
$3,325/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,223/mo
incl. taxes & insurance
Income Needed
$168,920
gross annual (30% rule)
10% Down Option
$63,761
+ PMI applies
Loan Amount (20% dn)
$510,091
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 Island Heights, NJ?
The median home value in Island Heights is $637,614 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Island Heights?
Over the past year, home values in Island Heights have increased by 4.2%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Island Heights?
To comfortably afford the median home price of $637,614 with a 20% down payment ($127,523) at today's rates (6.8%), you'd need a gross annual income of approximately $168,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Island Heights compare to the national average home price?
The national median home value is approximately $410,000. At $637,614, homes in Island Heights are 56% above the national average.
What metro area is Island Heights part of?
Island Heights 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.