Market Overview
Home Prices in Wharton, NJ
The median home value in Wharton, NJ is $505,395 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wharton are priced23% above average. Wharton is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Wharton home values have risen by approximately35.4%, reflecting strong long-term appreciation in this market.
Price History
Wharton Home Price Trend
City Comparison
Wharton vs. National Median
At $505,395, homes in Wharton cost 23% above the national median of $410,000. Buyers in Wharton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wharton?
20% Down Payment
$101,079
on $505,395
Monthly P&I
$2,636/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,348/mo
incl. taxes & insurance
Income Needed
$133,920
gross annual (30% rule)
10% Down Option
$50,540
+ PMI applies
Loan Amount (20% dn)
$404,316
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 Wharton, NJ?
The median home value in Wharton is $505,395 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Wharton?
Over the past year, home values in Wharton have increased by 0.9%. Over five years, prices have risen approximately 35.4%.
How much do I need to earn to buy a home in Wharton?
To comfortably afford the median home price of $505,395 with a 20% down payment ($101,079) at today's rates (6.8%), you'd need a gross annual income of approximately $133,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Wharton compare to the national average home price?
The national median home value is approximately $410,000. At $505,395, homes in Wharton are 23% above the national average.
What metro area is Wharton part of?
Wharton 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.