Market Overview
Home Prices in Township of Washington, NJ
The median home value in Township of Washington, NJ is $837,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Township of Washington are priced104% above average. Township of Washington is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Township of Washington home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
Township of Washington Home Price Trend
City Comparison
Township of Washington vs. National Median
At $837,506, homes in Township of Washington cost 104% above the national median of $410,000. Buyers in Township of Washington should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Township of Washington?
20% Down Payment
$167,501
on $837,506
Monthly P&I
$4,368/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,547/mo
incl. taxes & insurance
Income Needed
$221,880
gross annual (30% rule)
10% Down Option
$83,751
+ PMI applies
Loan Amount (20% dn)
$670,005
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 Township of Washington, NJ?
The median home value in Township of Washington is $837,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Township of Washington?
Over the past year, home values in Township of Washington have increased by 5.6%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in Township of Washington?
To comfortably afford the median home price of $837,506 with a 20% down payment ($167,501) at today's rates (6.8%), you'd need a gross annual income of approximately $221,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Township of Washington compare to the national average home price?
The national median home value is approximately $410,000. At $837,506, homes in Township of Washington are 104% above the national average.
What metro area is Township of Washington part of?
Township of Washington 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.