Market Overview
Home Prices in Monmouth Junction, NJ
The median home value in Monmouth Junction, NJ is $702,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 7.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monmouth Junction are priced71% above average. Monmouth Junction is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Monmouth Junction home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Monmouth Junction Home Price Trend
City Comparison
Monmouth Junction vs. National Median
At $702,798, homes in Monmouth Junction cost 71% above the national median of $410,000. Buyers in Monmouth Junction should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monmouth Junction?
20% Down Payment
$140,560
on $702,798
Monthly P&I
$3,665/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,655/mo
incl. taxes & insurance
Income Needed
$186,200
gross annual (30% rule)
10% Down Option
$70,280
+ PMI applies
Loan Amount (20% dn)
$562,238
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 Monmouth Junction, NJ?
The median home value in Monmouth Junction is $702,798 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Monmouth Junction?
Over the past year, home values in Monmouth Junction have increased by 0.8%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Monmouth Junction?
To comfortably afford the median home price of $702,798 with a 20% down payment ($140,560) at today's rates (6.8%), you'd need a gross annual income of approximately $186,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Monmouth Junction compare to the national average home price?
The national median home value is approximately $410,000. At $702,798, homes in Monmouth Junction are 71% above the national average.
What metro area is Monmouth Junction part of?
Monmouth Junction 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.