Market Overview
Home Prices in Merchantville, NJ
The median home value in Merchantville, NJ is $365,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Merchantville are priced11% below average. Merchantville is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Merchantville home values have risen by approximately51.2%, reflecting strong long-term appreciation in this market.
Price History
Merchantville Home Price Trend
City Comparison
Merchantville vs. National Median
At $365,183, homes in Merchantville cost 11% below the national median of $410,000. This makes Merchantville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Merchantville?
20% Down Payment
$73,037
on $365,183
Monthly P&I
$1,905/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,419/mo
incl. taxes & insurance
Income Needed
$96,760
gross annual (30% rule)
10% Down Option
$36,518
+ PMI applies
Loan Amount (20% dn)
$292,146
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 Merchantville, NJ?
The median home value in Merchantville is $365,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Merchantville?
Over the past year, home values in Merchantville have increased by 7.7%. Over five years, prices have risen approximately 51.2%.
How much do I need to earn to buy a home in Merchantville?
To comfortably afford the median home price of $365,183 with a 20% down payment ($73,037) at today's rates (6.8%), you'd need a gross annual income of approximately $96,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Merchantville compare to the national average home price?
The national median home value is approximately $410,000. At $365,183, homes in Merchantville are 11% below the national average.
What metro area is Merchantville part of?
Merchantville 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.