What are the most expensive homes in New Jersey? The highest-ranked property is $17,000,000, bought by the developer of a chain of fitness centers. The second-most expensive home went for $10,000,000 and was built on a hill. Check out this list to see where the other unique properties rank.
The Highest valued the homes in New Jersey
According to data from Buyingproperty215, the highest valued homes in New Jersey are in the Bergen-Lafayette section of Jersey City. The median home value in this area is $1,162,600. It is followed by the Hoboken waterfront, where the median home value is $1,078,700.
Homes in these areas are among the most expensive in the state. The lowest valued homes in New Jersey are Camden. The median home value is $68,400. This is followed by sections of Newark where homes have a median value of $84,200. Again, these areas have some of the lowest valued homes in the state.
How New Jersey's Public Schools Rank
New Jersey has great public schools that serve students from pre-K through high school graduation. As a result, the state is considered to be on the higher end when it comes to overall education quality and student academic performance.
In order to determine which public schools are among the best in New Jersey, Niche calculated its 2018 rankings for all K-8 schools and high schools in New Jersey.
The Highest valued the homes in Bergen County
It is no surprise that the highest valued homes in Bergen County are located in some of the most affluent and sought-after towns. From Alpine to Tenafly, these towns are home to some of the wealthiest residents in the state. And, as you might expect, these homes come with a hefty price tag.
In Alpine, the median home value is over $4 million. This small borough is located just outside of New York City and is known for its wealthy residents. Many of the homes in Alpine are large estates, that sit on acres of land.
Tenafly is another affluent town in Bergen County with a median home value of just over $2 million. This town is also located near New York City and is a popular place to live for those who work in the city. Homes in Tenafly range from large single-family homes to luxury apartments.
If you're looking for a high-priced home in Bergen County, these are two of the best places to start your search.
The Highest valued the homes in Monmouth County
Monmouth County is home to some of the most expensive real estate in New Jersey. The average home price in the county is over $1 million, and the median home price is over $700,000. There are many factors that contribute to the high cost of housing in Monmouth County, including the desirability of the location, the quality of the homes, and the amenities that are available.
One of the most desirable aspects of living in Monmouth County is its proximity to New York City. Many residents can commute to the city for work or leisure activities. The homes in Monmouth County are also generally of a high quality, with many features that appeal to buyers. In addition, Monmouth County offers a wide range of amenities, including excellent schools, recreation facilities, and cultural attractions.
The Highest valued the homes in Passaic County
Passaic County takes the cake when it comes to the highest valued homes in New Jersey. In 2019, the average home in Passaic County was valued at $548,000, which is a significant increase from the $386,000 average in 2018. And, it's not just the average home that has seen a boost in value – the median home value in Passaic County has also risen to $478,000.
So, what's driving this increase in home values?
There are a number of factors at play. First, the overall economy in the United States is doing well, translating into higher home values across the country. Additionally, New Jersey has been one of the states that have benefitted from the recent tax reform legislation, as many residents can now deduct their state and local taxes on their federal income tax return.
This is making New Jersey a more attractive place to live for many people, and that is driving up demand (and prices) for homes in the state.
Finally, Passaic County itself is becoming increasingly desirable as a place to live. The county has seen significant investment in recent years, including a new performing arts center and several new parks.
