Market Overview
Home Prices in Spring Lake, NJ
The median home value in Spring Lake, NJ is $1,516,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.8% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spring Lake are priced270% above average. Spring Lake is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Spring Lake home values have risen by approximately56.4%, reflecting strong long-term appreciation in this market.
Price History
Spring Lake Home Price Trend
City Comparison
Spring Lake vs. National Median
At $1,516,856, homes in Spring Lake cost 270% above the national median of $410,000. Buyers in Spring Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Spring Lake?
20% Down Payment
$303,371
on $1,516,856
Monthly P&I
$7,911/mo
30-yr @ 6.8%
Total Monthly Est.
~$10,047/mo
incl. taxes & insurance
Income Needed
$401,880
gross annual (30% rule)
10% Down Option
$151,686
+ PMI applies
Loan Amount (20% dn)
$1,213,485
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 Spring Lake, NJ?
The median home value in Spring Lake is $1,516,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.8% year-over-year.
How much have home prices changed in Spring Lake?
Over the past year, home values in Spring Lake have increased by 13.8%. Over five years, prices have risen approximately 56.4%.
How much do I need to earn to buy a home in Spring Lake?
To comfortably afford the median home price of $1,516,856 with a 20% down payment ($303,371) at today's rates (6.8%), you'd need a gross annual income of approximately $401,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Spring Lake compare to the national average home price?
The national median home value is approximately $410,000. At $1,516,856, homes in Spring Lake are 270% above the national average.
What metro area is Spring Lake part of?
Spring Lake 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.