Market Overview
Home Prices in Monroe Township, NJ
The median home value in Monroe Township, NJ is $635,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monroe Township are priced55% above average. Monroe Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Monroe Township home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
Monroe Township Home Price Trend
City Comparison
Monroe Township vs. National Median
At $635,775, homes in Monroe Township cost 55% above the national median of $410,000. Buyers in Monroe Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monroe Township?
20% Down Payment
$127,155
on $635,775
Monthly P&I
$3,316/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,211/mo
incl. taxes & insurance
Income Needed
$168,440
gross annual (30% rule)
10% Down Option
$63,578
+ PMI applies
Loan Amount (20% dn)
$508,620
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 Monroe Township, NJ?
The median home value in Monroe Township is $635,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Monroe Township?
Over the past year, home values in Monroe Township have increased by 1.5%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in Monroe Township?
To comfortably afford the median home price of $635,775 with a 20% down payment ($127,155) at today's rates (6.8%), you'd need a gross annual income of approximately $168,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Monroe Township compare to the national average home price?
The national median home value is approximately $410,000. At $635,775, homes in Monroe Township are 55% above the national average.
What metro area is Monroe Township part of?
Monroe 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.