Market Overview
Home Prices in Medford Lakes, NJ
The median home value in Medford Lakes, NJ is $555,855 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medford Lakes are priced36% above average. Medford Lakes is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Medford Lakes home values have risen by approximately44.4%, reflecting strong long-term appreciation in this market.
Price History
Medford Lakes Home Price Trend
City Comparison
Medford Lakes vs. National Median
At $555,855, homes in Medford Lakes cost 36% above the national median of $410,000. Buyers in Medford Lakes should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Medford Lakes?
20% Down Payment
$111,171
on $555,855
Monthly P&I
$2,899/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,682/mo
incl. taxes & insurance
Income Needed
$147,280
gross annual (30% rule)
10% Down Option
$55,586
+ PMI applies
Loan Amount (20% dn)
$444,684
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 Medford Lakes, NJ?
The median home value in Medford Lakes is $555,855 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 Medford Lakes?
Over the past year, home values in Medford Lakes have increased by 3.2%. Over five years, prices have risen approximately 44.4%.
How much do I need to earn to buy a home in Medford Lakes?
To comfortably afford the median home price of $555,855 with a 20% down payment ($111,171) at today's rates (6.8%), you'd need a gross annual income of approximately $147,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Medford Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $555,855, homes in Medford Lakes are 36% above the national average.
What metro area is Medford Lakes part of?
Medford Lakes 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.