Market Overview
Home Prices in Teaneck, NJ
The median home value in Teaneck, NJ is $702,474 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Teaneck are priced71% above average. Teaneck is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Teaneck home values have risen by approximately30.5%, reflecting strong long-term appreciation in this market.
Price History
Teaneck Home Price Trend
City Comparison
Teaneck vs. National Median
At $702,474, homes in Teaneck cost 71% above the national median of $410,000. Buyers in Teaneck should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Teaneck?
20% Down Payment
$140,495
on $702,474
Monthly P&I
$3,664/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,653/mo
incl. taxes & insurance
Income Needed
$186,120
gross annual (30% rule)
10% Down Option
$70,247
+ PMI applies
Loan Amount (20% dn)
$561,979
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 Teaneck, NJ?
The median home value in Teaneck is $702,474 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Teaneck?
Over the past year, home values in Teaneck have increased by 0.5%. Over five years, prices have risen approximately 30.5%.
How much do I need to earn to buy a home in Teaneck?
To comfortably afford the median home price of $702,474 with a 20% down payment ($140,495) at today's rates (6.8%), you'd need a gross annual income of approximately $186,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Teaneck compare to the national average home price?
The national median home value is approximately $410,000. At $702,474, homes in Teaneck are 71% above the national average.
What metro area is Teaneck part of?
Teaneck 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.