Land and home values in New Jersey
Across New Jersey's 21 counties, residential land is about $24.20 per sq ft at the state median ($1.05M an acre). The typical home is worth about $539,000 and a 2-bedroom rents for about $2,340 a month. Largest city: Newark; capital: Trenton. Values as of October 12, 2026.
Open on the satellite mapState values
| Land: residential | $24.20 | per sq ft |
| Land: residential | $1.05M | per acre |
| Land: quarter-acre lot | $263,538 | 10,890 sq ft |
| Land: farmland | $17,000 | per acre |
| Home: typical (median) | $539,000 | value |
| Home: entry-level | $414,000 | lower quartile |
| Home: upper-end | $722,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $1,940 | per month |
| Rent: 2-bedroom | $2,340 | per month |
| Rent: 3-bedroom | $2,900 | per month |
| Rent: 4-bedroom | $3,340 | per month |
| Gross yield, 2-bed | 5.2% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 65 | $91.00 | $1.37M | $2,380 |
| Upper | 327 | $43.00 | $940,000 | $2,590 |
| Mid | 710 | $29.30 | $654,000 | $2,420 |
| Entry | 1,054 | $20.10 | $471,000 | $2,240 |
| Rural | 25 | $9.87 | $406,000 | $2,430 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Every county
| County | Setting | Land $/sq ft | Per acre | Typical home | Rent 2-bed |
|---|---|---|---|---|---|
| Cape May County | Metro core | $53.20 | $2.32M | $586,000 | $1,980 |
| Hudson County | Metro core | $50.20 | $2.19M | $637,000 | $2,600 |
| Bergen County | Metro core | $41.00 | $1.79M | $701,000 | $2,620 |
| Monmouth County | Metro core | $30.10 | $1.31M | $743,000 | $2,520 |
| Morris County | Metro core | $26.30 | $1.15M | $687,000 | $2,680 |
| Somerset County | Metro core | $25.70 | $1.12M | $651,000 | $2,680 |
| Middlesex County | Metro core | $25.50 | $1.11M | $539,000 | $2,460 |
| Union County | Metro core | $25.00 | $1.09M | $550,000 | $2,320 |
| Essex County | Metro core | $24.80 | $1.08M | $519,000 | $2,230 |
| Passaic County | Metro core | $23.80 | $1.04M | $526,000 | $2,220 |
| Ocean County | Metro core | $20.20 | $879,912 | $514,000 | $2,290 |
| Hunterdon County | Suburban | $18.10 | $788,436 | $602,000 | $2,360 |
| Mercer County | Metro core | $18.10 | $788,436 | $432,000 | $2,050 |
| Burlington County | Metro core | $12.80 | $557,568 | $426,000 | $2,240 |
| Sussex County | Suburban | $10.80 | $470,448 | $441,000 | $2,240 |
| Warren County | Metro core | $10.70 | $466,092 | $437,000 | $2,020 |
| Atlantic County | Metro core | $9.99 | $435,339 | $356,000 | $1,990 |
| Gloucester County | Metro core | $9.48 | $412,992 | $363,000 | $1,980 |
| Camden County | Metro core | $9.29 | $404,629 | $321,000 | $1,860 |
| Salem County | Metro core | $5.85 | $254,913 | $258,000 | $1,660 |
| Cumberland County | Metro core | $5.43 | $236,618 | $268,000 | $1,660 |
Questions people ask
How much is land worth in New Jersey?
Residential land in New Jersey is about $24.20 per square foot, or $1.05M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $263,538. Smaller lots sell for more per square foot and large tracts for less.
Where is land most expensive in New Jersey?
The highest county medians for residential land are Cape May County ($53.20 per sq ft), Hudson County ($50.20 per sq ft), Bergen County ($41.00 per sq ft), Monmouth County ($30.10 per sq ft).
Where is land cheapest in New Jersey?
The lowest county medians are Cumberland County ($5.43 per sq ft), Salem County ($5.85 per sq ft), Camden County ($9.29 per sq ft), Gloucester County ($9.48 per sq ft); farmland and remote acreage are cheaper still.
What is the typical home value in New Jersey?
The typical (median) home in New Jersey is worth about $539,000, with entry-level homes around $414,000 and upper-end homes around $722,000, as of October 2026.
How much is rent in New Jersey?
A 2-bedroom rents for about $2,340 a month in New Jersey, a 1-bedroom about $1,940 and a 3-bedroom about $2,900 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in New Jersey?
Farmland averages about $17,000 an acre in New Jersey (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.