Median Housing Value Comparison
Housing

New Jersey vs New York: Median Housing Value

New York has lower median home values than New Jersey by $33,700.

New Jersey flag
New Jersey
NJ • Northeast
$400,900
Median residential home value in U.S. dollars.
New York flag
New York
NY • Northeast
Winner
$367,200
Median residential home value in U.S. dollars.

Visual Comparison

New Jersey $400,900
New York $367,200

Difference: $33,700 — New York leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for median housing value.

New Jersey #43 · $400,900
New York #36 · $367,200
Best Worst

10 Best States — Median Housing Value

Lower is better
#1 West Virginia flag West Virginia
$124,800
#2 Mississippi flag Mississippi
$140,800
#3 Arkansas flag Arkansas
$154,200
#4 Oklahoma flag Oklahoma
$171,200
#5 Kentucky flag Kentucky
$172,800
#6 Iowa flag Iowa
$173,300
#7 Louisiana flag Louisiana
$173,400
#8 Alabama flag Alabama
$174,600
#9 Kansas flag Kansas
$185,900
#10 Ohio flag Ohio
$196,200
Selected states
#43 New Jersey flag New Jersey
$400,900
#36 New York flag New York
$367,200

New Jersey ranks 43rd and New York ranks 36th nationally for median housing value.

Related Context

Housing in Context

A home price only makes sense relative to income, taxes, and ongoing ownership costs.

What This Means

New Jersey vs New York: Median Housing Value in context

New York has a median housing value of $367,200, compared with $400,900 in New Jersey. Median residential home value in U.S. dollars.

New Jersey
$400,900
New York
$367,200
Difference
$33,700

People Also Ask

New Jersey vs New York Median Housing Value — Common Questions

Q What is New Jersey's median housing value?

New Jersey's median housing value is $400,900.

Q What is New York's median housing value?

New York's median housing value is $367,200.

Q Which state has a lower median housing value — New Jersey or New York?

New York has lower median home values than New Jersey by $33,700.

Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.