Market Overview
Home Prices in River Edge, NJ
The median home value in River Edge, NJ is $878,175 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in River Edge are priced114% above average. River Edge is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, River Edge home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
River Edge Home Price Trend
City Comparison
River Edge vs. National Median
At $878,175, homes in River Edge cost 114% above the national median of $410,000. Buyers in River Edge should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in River Edge?
20% Down Payment
$175,635
on $878,175
Monthly P&I
$4,580/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,817/mo
incl. taxes & insurance
Income Needed
$232,680
gross annual (30% rule)
10% Down Option
$87,818
+ PMI applies
Loan Amount (20% dn)
$702,540
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 River Edge, NJ?
The median home value in River Edge is $878,175 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in River Edge?
Over the past year, home values in River Edge have increased by 10.9%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in River Edge?
To comfortably afford the median home price of $878,175 with a 20% down payment ($175,635) at today's rates (6.8%), you'd need a gross annual income of approximately $232,680. This assumes keeping total housing costs at or below 30% of gross income.
How does River Edge compare to the national average home price?
The national median home value is approximately $410,000. At $878,175, homes in River Edge are 114% above the national average.
What metro area is River Edge part of?
River Edge 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.