Market Overview
Home Prices in Wanaque, NJ
The median home value in Wanaque, NJ is $517,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wanaque are priced26% above average. Wanaque is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Wanaque home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Wanaque Home Price Trend
City Comparison
Wanaque vs. National Median
At $517,244, homes in Wanaque cost 26% above the national median of $410,000. Buyers in Wanaque should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wanaque?
20% Down Payment
$103,449
on $517,244
Monthly P&I
$2,698/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,426/mo
incl. taxes & insurance
Income Needed
$137,040
gross annual (30% rule)
10% Down Option
$51,724
+ PMI applies
Loan Amount (20% dn)
$413,795
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 Wanaque, NJ?
The median home value in Wanaque is $517,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Wanaque?
Over the past year, home values in Wanaque have increased by 2%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Wanaque?
To comfortably afford the median home price of $517,244 with a 20% down payment ($103,449) at today's rates (6.8%), you'd need a gross annual income of approximately $137,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Wanaque compare to the national average home price?
The national median home value is approximately $410,000. At $517,244, homes in Wanaque are 26% above the national average.
What metro area is Wanaque part of?
Wanaque 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.