Land and home values in New Providence, NJ
New Providence is a borough in Union County, New Jersey, home to about 13,727 people. Residential land runs about $48.60 per sq ft, the typical home is worth about $923,000, and a 2-bedroom rents for about $2,680 a month, as of October 12, 2026.
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| Land: residential | $48.60 | per sq ft |
| Land: residential | $2.12M | per acre |
| Land: quarter-acre lot | $529,254 | 10,890 sq ft |
| Home: typical (median) | $923,000 | value |
| Home: entry-level | $722,000 | lower quartile |
| Home: upper-end | $1.15M | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $2,200 | per month |
| Rent: 2-bedroom | $2,680 | per month |
| Rent: 3-bedroom | $3,340 | per month |
| Rent: 4-bedroom | $3,800 | per month |
| Gross yield, 2-bed | 3.5% | a year |
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Questions people ask
How much is land worth in New Providence, NJ?
Residential land in New Providence, NJ is about $48.60 per square foot, or $2.12M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $529,254. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in New Providence, NJ?
The typical (median) home in New Providence, NJ is worth about $923,000, with entry-level homes around $722,000 and upper-end homes around $1.15M, as of October 2026.
How much is rent in New Providence, NJ?
A 2-bedroom rents for about $2,680 a month in New Providence, NJ, a 1-bedroom about $2,200 and a 3-bedroom about $3,340 (gross rent including utilities, HUD Fair Market Rent basis).
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.