Market Overview
Home Prices in New Providence, NJ
The median home value in New Providence, NJ is $1,030,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Providence are priced151% above average. New Providence is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, New Providence home values have risen by approximately40.6%, reflecting strong long-term appreciation in this market.
Price History
New Providence Home Price Trend
City Comparison
New Providence vs. National Median
At $1,030,725, homes in New Providence cost 151% above the national median of $410,000. Buyers in New Providence should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Providence?
20% Down Payment
$206,145
on $1,030,725
Monthly P&I
$5,376/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,828/mo
incl. taxes & insurance
Income Needed
$273,120
gross annual (30% rule)
10% Down Option
$103,073
+ PMI applies
Loan Amount (20% dn)
$824,580
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 New Providence, NJ?
The median home value in New Providence is $1,030,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in New Providence?
Over the past year, home values in New Providence have increased by 6.5%. Over five years, prices have risen approximately 40.6%.
How much do I need to earn to buy a home in New Providence?
To comfortably afford the median home price of $1,030,725 with a 20% down payment ($206,145) at today's rates (6.8%), you'd need a gross annual income of approximately $273,120. This assumes keeping total housing costs at or below 30% of gross income.
How does New Providence compare to the national average home price?
The national median home value is approximately $410,000. At $1,030,725, homes in New Providence are 151% above the national average.
What metro area is New Providence part of?
New Providence 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.