Market Overview
Home Prices in Skillman, NJ
The median home value in Skillman, NJ is $1,061,216 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Skillman are priced159% above average. Skillman is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Skillman home values have risen by approximately41.9%, reflecting strong long-term appreciation in this market.
Price History
Skillman Home Price Trend
City Comparison
Skillman vs. National Median
At $1,061,216, homes in Skillman cost 159% above the national median of $410,000. Buyers in Skillman should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Skillman?
20% Down Payment
$212,243
on $1,061,216
Monthly P&I
$5,535/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,029/mo
incl. taxes & insurance
Income Needed
$281,160
gross annual (30% rule)
10% Down Option
$106,122
+ PMI applies
Loan Amount (20% dn)
$848,973
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 Skillman, NJ?
The median home value in Skillman is $1,061,216 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Skillman?
Over the past year, home values in Skillman have increased by 3.4%. Over five years, prices have risen approximately 41.9%.
How much do I need to earn to buy a home in Skillman?
To comfortably afford the median home price of $1,061,216 with a 20% down payment ($212,243) at today's rates (6.8%), you'd need a gross annual income of approximately $281,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Skillman compare to the national average home price?
The national median home value is approximately $410,000. At $1,061,216, homes in Skillman are 159% above the national average.
What metro area is Skillman part of?
Skillman 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.