Short Answer
South Jersey home values are significantly lower than North Jersey. The median home price in North Jersey, particularly in Bergen, Essex, and Morris counties, is often double or more than comparable homes in South Jersey. For example, a $500,000 home in South Jersey might cost $800,000 to $1.2 million in North Jersey. The difference is driven by proximity to New York City, higher incomes, and stronger demand in the north.
The disparity between North and South Jersey home values is substantial. North Jersey's proximity to New York City drives significantly higher prices. Bergen County, just across the George Washington Bridge from Manhattan, has a median home price well above $600,000, with many towns exceeding $1 million. Essex County, including the wealthy suburbs of Montclair and Millburn, has similar pricing. Morris County, with its excellent schools and commuter rail access, has median prices in the $500,000 to $700,000 range. In contrast, South Jersey's Burlington County has a median home price around $380,000 to $420,000, and Camden County's median is even lower. The difference means that South Jersey offers exceptional value for buyers who do not need to commute to New York City. A buyer selling a home in North Jersey could often afford a significantly larger or more luxurious home in South Jersey. The tradeoff is the distance from New York City, which is about 90 minutes to 2 hours from most of South Jersey. For buyers who work in Philadelphia or remotely, South Jersey offers a much better value proposition.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
The value difference between North and South Jersey is remarkable. I have helped many buyers who sold their home in North Jersey and were able to buy a much larger home in South Jersey for the same price or less. If you are considering a move from North Jersey, let me show you what your budget can buy in South Jersey. The difference might surprise you.
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