Market Overview
Home Prices in Pitman, NJ
The median home value in Pitman, NJ is $373,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pitman are priced9% below average. Pitman is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Pitman home values have risen by approximately44.7%, reflecting strong long-term appreciation in this market.
Price History
Pitman Home Price Trend
City Comparison
Pitman vs. National Median
At $373,402, homes in Pitman cost 9% below the national median of $410,000. This makes Pitman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pitman?
20% Down Payment
$74,680
on $373,402
Monthly P&I
$1,947/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,473/mo
incl. taxes & insurance
Income Needed
$98,920
gross annual (30% rule)
10% Down Option
$37,340
+ PMI applies
Loan Amount (20% dn)
$298,722
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 Pitman, NJ?
The median home value in Pitman is $373,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Pitman?
Over the past year, home values in Pitman have increased by 3.5%. Over five years, prices have risen approximately 44.7%.
How much do I need to earn to buy a home in Pitman?
To comfortably afford the median home price of $373,402 with a 20% down payment ($74,680) at today's rates (6.8%), you'd need a gross annual income of approximately $98,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Pitman compare to the national average home price?
The national median home value is approximately $410,000. At $373,402, homes in Pitman are 9% below the national average.
What metro area is Pitman part of?
Pitman is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.