Market Overview
Home Prices in Manalapan Township, NJ
The median home value in Manalapan Township, NJ is $809,661 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manalapan Township are priced97% above average. Manalapan Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Manalapan Township home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Manalapan Township Home Price Trend
City Comparison
Manalapan Township vs. National Median
At $809,661, homes in Manalapan Township cost 97% above the national median of $410,000. Buyers in Manalapan Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Manalapan Township?
20% Down Payment
$161,932
on $809,661
Monthly P&I
$4,223/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,363/mo
incl. taxes & insurance
Income Needed
$214,520
gross annual (30% rule)
10% Down Option
$80,966
+ PMI applies
Loan Amount (20% dn)
$647,729
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 Manalapan Township, NJ?
The median home value in Manalapan Township is $809,661 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 Manalapan Township?
Over the past year, home values in Manalapan Township have increased by 2.5%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Manalapan Township?
To comfortably afford the median home price of $809,661 with a 20% down payment ($161,932) at today's rates (6.8%), you'd need a gross annual income of approximately $214,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Manalapan Township compare to the national average home price?
The national median home value is approximately $410,000. At $809,661, homes in Manalapan Township are 97% above the national average.
What metro area is Manalapan Township part of?
Manalapan Township 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.