Market Overview
Home Prices in Totowa, NJ
The median home value in Totowa, NJ is $673,456 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Totowa are priced64% above average. Totowa is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Totowa home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Totowa Home Price Trend
City Comparison
Totowa vs. National Median
At $673,456, homes in Totowa cost 64% above the national median of $410,000. Buyers in Totowa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Totowa?
20% Down Payment
$134,691
on $673,456
Monthly P&I
$3,512/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,460/mo
incl. taxes & insurance
Income Needed
$178,400
gross annual (30% rule)
10% Down Option
$67,346
+ PMI applies
Loan Amount (20% dn)
$538,765
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 Totowa, NJ?
The median home value in Totowa is $673,456 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Totowa?
Over the past year, home values in Totowa have increased by 5.7%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Totowa?
To comfortably afford the median home price of $673,456 with a 20% down payment ($134,691) at today's rates (6.8%), you'd need a gross annual income of approximately $178,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Totowa compare to the national average home price?
The national median home value is approximately $410,000. At $673,456, homes in Totowa are 64% above the national average.
What metro area is Totowa part of?
Totowa 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.