Market Overview
Home Prices in Malaga, NJ
The median home value in Malaga, NJ is $324,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Malaga are priced21% below average. Malaga is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Price History
Malaga Home Price Trend
2024
$309,415
$309K
—
2025
$314,732
$315K
+1.7%
2026
$324,057
$324K
+3.0%
City Comparison
Malaga vs. National Median
🏠 Malaga
$324,057
National Median
$410,000
At $324,057, homes in Malaga cost 21% below the national median of $410,000. This makes Malaga a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Malaga?
20% Down Payment
$64,811
on $324,057
Monthly P&I
$1,690/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,146/mo
incl. taxes & insurance
Income Needed
$85,840
gross annual (30% rule)
10% Down Option
$32,406
+ PMI applies
Loan Amount (20% dn)
$259,246
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 Malaga, NJ?
The median home value in Malaga is $324,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Malaga?
Over the past year, home values in Malaga have increased by 3%.
How much do I need to earn to buy a home in Malaga?
To comfortably afford the median home price of $324,057 with a 20% down payment ($64,811) at today's rates (6.8%), you'd need a gross annual income of approximately $85,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Malaga compare to the national average home price?
The national median home value is approximately $410,000. At $324,057, homes in Malaga are 21% below the national average.
What metro area is Malaga part of?
Malaga 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.