Market Overview
Home Prices in Morganville, NJ
The median home value in Morganville, NJ is $878,092 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morganville are priced114% above average. Morganville is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Morganville home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
Morganville Home Price Trend
City Comparison
Morganville vs. National Median
At $878,092, homes in Morganville cost 114% above the national median of $410,000. Buyers in Morganville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Morganville?
20% Down Payment
$175,618
on $878,092
Monthly P&I
$4,580/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,817/mo
incl. taxes & insurance
Income Needed
$232,680
gross annual (30% rule)
10% Down Option
$87,809
+ PMI applies
Loan Amount (20% dn)
$702,474
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 Morganville, NJ?
The median home value in Morganville is $878,092 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Morganville?
Over the past year, home values in Morganville have increased by 2.6%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in Morganville?
To comfortably afford the median home price of $878,092 with a 20% down payment ($175,618) at today's rates (6.8%), you'd need a gross annual income of approximately $232,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Morganville compare to the national average home price?
The national median home value is approximately $410,000. At $878,092, homes in Morganville are 114% above the national average.
What metro area is Morganville part of?
Morganville 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.