Market Overview
Home Prices in Paramus, NJ
The median home value in Paramus, NJ is $1,083,829 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% 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 Paramus are priced164% above average. Paramus is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Paramus home values have risen by approximately35.4%, reflecting strong long-term appreciation in this market.
Price History
Paramus Home Price Trend
City Comparison
Paramus vs. National Median
At $1,083,829, homes in Paramus cost 164% above the national median of $410,000. Buyers in Paramus should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Paramus?
20% Down Payment
$216,766
on $1,083,829
Monthly P&I
$5,653/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,179/mo
incl. taxes & insurance
Income Needed
$287,160
gross annual (30% rule)
10% Down Option
$108,383
+ PMI applies
Loan Amount (20% dn)
$867,063
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 Paramus, NJ?
The median home value in Paramus is $1,083,829 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Paramus?
Over the past year, home values in Paramus have increased by 7.9%. Over five years, prices have risen approximately 35.4%.
How much do I need to earn to buy a home in Paramus?
To comfortably afford the median home price of $1,083,829 with a 20% down payment ($216,766) at today's rates (6.8%), you'd need a gross annual income of approximately $287,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Paramus compare to the national average home price?
The national median home value is approximately $410,000. At $1,083,829, homes in Paramus are 164% above the national average.
What metro area is Paramus part of?
Paramus 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.