Market Overview
Home Prices in Nutley, NJ
The median home value in Nutley, NJ is $670,887 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nutley are priced64% above average. Nutley is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Nutley home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Nutley Home Price Trend
City Comparison
Nutley vs. National Median
At $670,887, homes in Nutley cost 64% above the national median of $410,000. Buyers in Nutley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Nutley?
20% Down Payment
$134,177
on $670,887
Monthly P&I
$3,499/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,444/mo
incl. taxes & insurance
Income Needed
$177,760
gross annual (30% rule)
10% Down Option
$67,089
+ PMI applies
Loan Amount (20% dn)
$536,710
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 Nutley, NJ?
The median home value in Nutley is $670,887 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Nutley?
Over the past year, home values in Nutley have increased by 3.3%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Nutley?
To comfortably afford the median home price of $670,887 with a 20% down payment ($134,177) at today's rates (6.8%), you'd need a gross annual income of approximately $177,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Nutley compare to the national average home price?
The national median home value is approximately $410,000. At $670,887, homes in Nutley are 64% above the national average.
What metro area is Nutley part of?
Nutley 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.