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Home ยป 10 Most Expensive Cities in New Jersey to Buy a House
Real Estate

10 Most Expensive Cities in New Jersey to Buy a House

February 3, 2025No Comments5 Mins Read
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When it comes to luxurious living in New Jersey, the most expensive cities offer a blend of elegance, charm, and convenience. Whether you’re exploring homes for sale in Spring Lake or Avalon, these upscale areas are known for their scenic beauty and proximity to top attractions. While the price tags in these cities may be on the higher end, nearby towns also provide budget-friendly options for those looking to settle in the Garden State.

Quick facts about New Jersey

Median sale price

$533,600

Median household income

$99,781

Average rent

$2,310

10. Beach Haven, NJ

Median Sale Price: $1,712,500
Homes for sale in Beach Haven

Beach Haven, situated on Long Beach Island, is a summer paradise with its beautiful beaches and Victorian architecture. The town’s historic district, vibrant boutiques, and attractions like the Fantasy Island Amusement Park and Surflight Theatre make it a popular destination. Water sports enthusiasts can enjoy boating, fishing, and kayaking in the tranquil waters surrounding the island. Beach Haven offers a resort-like atmosphere perfect for those who appreciate coastal living.

9. Franklin Lakes, NJ

Median Sale Price: $1,815,000
Homes for sale in Franklin Lakes

Located in Bergen County, Franklin Lakes boasts large estates, picturesque streets, and nature reserves. The Franklin Lakes Nature Preserve is a haven for outdoor enthusiasts with its hiking trails and fishing spots. The town’s proximity to New York City makes it a convenient yet peaceful suburban retreat. Franklin Lakes appeals to those seeking a serene environment with ample amenities.

8. Glen Ridge, NJ

Median Sale Price: $1,825,000
Homes for sale in Glen Ridge

Glen Ridge is renowned for its historic homes, gas-lit streetlights, and classic yet modern living environment. The town’s mix of Colonial and Victorian architecture, along with parks like Hurrell Field and Carteret Park, offer plenty of outdoor activities. The Montclair Art Museum adds cultural value to the area, showcasing regional and national artists. Glen Ridge is a charming town that appeals to those who appreciate history, small-town vibes, and convenience.

7. Norwood, NJ

Median Sale Price: $1,879,000
Homes for sale in Norwood

Norwood, located in northern Bergen County, offers upscale homes, lush parks, and recreational facilities. The Norwood Public Park, with its playgrounds and sports fields, is a favorite among residents. The town’s proximity to major highways and cozy cafes create a refined yet welcoming atmosphere. Norwood is a sought-after location for those seeking luxury living and convenience.

6. Cresskill, NJ

Median Sale Price: $1,930,250
Homes for sale in Cresskill

Cresskill’s tranquil setting, tree-lined streets, and luxury estates offer a sophisticated lifestyle. The town’s parks, including Merritt Field, provide green spaces and sports facilities for residents. Nearby golf courses and country clubs enhance the area’s leisurely atmosphere. Cresskill’s balance of accessibility to major cities and serene charm make it an attractive choice for homebuyers.

5. North Beach Haven, NJ

Median Sale Price: $2,175,000
Homes for sale in North Beach Haven

North Beach Haven, located on Long Beach Island, offers luxury beachfront properties and a relaxed coastal vibe. The area’s charming cottages, seafood restaurants, and surf spots cater to visitors and residents alike. Boating and fishing are popular activities with easy access to the ocean and bay.

4. Stone Harbor, NJ

Median Sale Price: $2,450,000
Homes for sale in Stone Harbor

Stone Harbor is renowned for its upscale beachfront homes, boutique shopping, and gourmet dining along 96th Street. The town’s white sandy beaches attract those seeking relaxation and water sports. The Wetlands Institute offers educational experiences on local wildlife and conservation efforts. Stone Harbor’s serene environment and exclusive amenities make it a prime choice for luxurious coastal living.

3. Short Hills, NJ

Median Sale Price: $2,500,000
Homes for sale in Short Hills

Short Hills is synonymous with luxury homes, upscale shopping, and easy access to New York City. The Mall at Short Hills is a premier shopping destination, while the Cora Hartshorn Arboretum offers nature programs and walking trails. Short Hills’ sophisticated lifestyle and residential neighborhoods make it a desirable location for those looking for a touch of luxury.

2. Spring Lake, NJ

Median Sale Price: $4,425,000
Homes for sale in Spring Lake

Spring Lake, known as the “Jewel of the Jersey Shore,” features Victorian homes and a picturesque two-mile-long boardwalk. The town’s pristine beach, Spring Lake Theater, and scenic lake offer year-round activities. Upscale boutiques and fine dining along Third Avenue add to the town’s historic charm. Spring Lake’s elegant atmosphere and seaside beauty make it a sought-after destination for luxury homebuyers.

1. Avalon, NJ

Median Sale Price: $4,495,000
Homes for sale in Avalon

Avalon tops the list as the most expensive city in New Jersey, offering stunning beachfront properties and a luxurious coastal ambiance. The town’s pristine beaches, marina access, and high-end boutiques in the Dune Drive shopping district attract affluent homebuyers. Avalon’s refined yet relaxed coastal charm continues to draw those seeking premium real estate and scenic views. It’s no surprise that Avalon is a premier destination for luxury living.

What are the richest cities in New Jersey?

Based on median household income, the richest cities in New Jersey include Short Hills, Cream Ridge, Blawenburg, Essex Fells, and Upper Montclair.

Where are the cheapest places to live in New Jersey?

For those looking for affordable living options, cities like Cedar Glen West, Camden, Woodbine, Crestwood Village, and Carneys Point offer budget-friendly median home sale prices.

Methodology: Rankings based on median home sale price data sourced from Redfin.com during January 2025. Median household income sourced from U.S. Census Data.

See also  How to Save Money for a House While Renting?
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