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New Jersey

State FIPS 34

Juniper

New Jersey is in the 100th percentile nationally for home price growth over the past year. It also sits in the highest 6% nationally for median income. And it sits in the highest 10% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$581,006

Higher than 90% of U.S. states
Median Income

$103,556

Higher than 94% of U.S. states
Hot Days/yr (>90°F)

24.2

The basics

Total Population

9,343,809

Median Age

40.1

Population Density

1,270.41

Home values & property tax

Median Property Tax

$9,590

Property Tax Rateyearly tax as a share of home value

2.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.39×

Higher than 69% of U.S. states
Median Rent

$1,720

Higher than 88% of U.S. states

Home prices & appreciation

Home Price Growth, Past Year

6.2%

Higher than 99% of U.S. states
Pandemic Price Run-Up2019–20 low → 2022–23 peak

46%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

23%

Climate & weather

Summer Avg High (°F)

83.8

Winter Avg Low (°F)

25.8

Avg Temperature (°F)

54

Freezing Days/yr (<32°F)

101.9

Annual Precipitation (in)

48.9

Annual Snowfall (in)

25.4

Flood & disaster risk

Coastal Flood Loss per $1,000

$0.07

Go deeper

Explore every county, ZIP code, and census tract in New Jersey — demographics, housing, climate, and risk — on the interactive map.

Explore New Jersey on the map →

New Jersey: frequently asked questions

What is the typical home value in New Jersey?
The estimated median home value in New Jersey today is $581,006, higher than 90% of U.S. states.
How much is property tax in New Jersey?
The median annual property tax in New Jersey is $9,590, an effective rate of 2.1% of home value.
Is New Jersey expensive to live in?
Homes in New Jersey cost about 4.39× the median household income, higher than 69% of U.S. states.
What is the average rent in New Jersey?
The median gross rent in New Jersey is $1,720 a month, higher than 88% of U.S. states.
How much have home prices grown in New Jersey?
Home prices in New Jersey have moved 6.2% over the past year, per the FHFA House Price Index.
How many people live in New Jersey?
New Jersey has a population of 9,343,809, about 1,270.41 people per square mile, per the U.S. Census American Community Survey. The median age is 40.1.
What is the weather like in New Jersey?
New Jersey averages 54°F year-round, summer highs near 83.8°F, winter lows around 25.8°F (NOAA 1991–2020 normals). It sees about 25.4 inches of snow a year.
Is New Jersey at risk of flooding or natural disasters?
Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0.07 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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