Market Overview
Home Prices in Ridgewood, NJ
The median home value in Ridgewood, NJ is $1,264,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.6% compared to a year ago and up 7.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ridgewood are priced209% above average. Ridgewood is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Ridgewood home values have risen by approximately46.2%, reflecting strong long-term appreciation in this market.
Price History
Ridgewood Home Price Trend
City Comparison
Ridgewood vs. National Median
At $1,264,894, homes in Ridgewood cost 209% above the national median of $410,000. Buyers in Ridgewood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ridgewood?
20% Down Payment
$252,979
on $1,264,894
Monthly P&I
$6,597/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,378/mo
incl. taxes & insurance
Income Needed
$335,120
gross annual (30% rule)
10% Down Option
$126,489
+ PMI applies
Loan Amount (20% dn)
$1,011,915
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 Ridgewood, NJ?
The median home value in Ridgewood is $1,264,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.6% year-over-year.
How much have home prices changed in Ridgewood?
Over the past year, home values in Ridgewood have increased by 8.6%. Over five years, prices have risen approximately 46.2%.
How much do I need to earn to buy a home in Ridgewood?
To comfortably afford the median home price of $1,264,894 with a 20% down payment ($252,979) at today's rates (6.8%), you'd need a gross annual income of approximately $335,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Ridgewood compare to the national average home price?
The national median home value is approximately $410,000. At $1,264,894, homes in Ridgewood are 209% above the national average.
What metro area is Ridgewood part of?
Ridgewood 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.