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Essex County Housing Market

New Jersey · 21 counties · Ranked #3028 in home value

Above National Avg

Housing at a Glance

Median Home Value

$494,400

vs national+$494,400 vs $281,900 national

Median Gross Rent

$1,459/mo

vs national+$1,459 vs $1,163 national

Effective Tax Rate

2.02%

vs national+2.02% vs 1.02% national

Median Household Income

$76,712

vs national+$76,712 vs $74,755 national

Affordability Ratio

6.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$10,001

Tax as % of Home Value

2.02%

Monthly Owner Cost

$2,710

Renter Income

$48,766

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Home Search

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Essex County?

The median home value in Essex County is $494,400. This is above the national median of $281,900.

How much is rent in Essex County?

The median gross rent in Essex County is $1,459 per month.

What is the property tax rate in Essex County?

The effective property tax rate in Essex County is 2.02%. The median annual property tax bill is $10,001.

Is Essex County affordable?

With a home-value-to-income ratio of 6.4x, Essex County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.