Million-Dollar Neighborhoods: 36 NJ Towns Have Average Home Values Over $1M

NEW JERSEY — Three dozen ZIP codes in New Jersey have typical home values of over $1 million, according to the latest real estate data from Zillow.

The typical home value varies from state to state and ZIP code to ZIP code, with monthly Zillow data showing which five-digit neighborhoods have the largest price tags.

Using this data, Patch found that 36 ZIP codes in the Garden State have typical price tags of more than $1 million — and the Jersey Shore borough of Deal has typical home values of more than $3.5 million.

These numbers, which are calculated with the "Zillow Home Value Index," reflect a weighted average of all homes in the middle third of the market for a particular area.

The average home value in New Jersey is $484,467, up 4.2 percent from this time last year, according to Zillow. Single-family homes in the Garden State have an average value of $500,717.

The most recent data available is through the month of June. Zillow typically publishes its ZHIV estimates for the previous month by the 15th of a new month.

Here are the 36 ZIP codes in New Jersey with home values over $1 million, per Zillow.

• Deal, Monmouth County (07723): $3,252,968
• Alpine, Bergen County (07620): $2,732,815
• Avalon, Cape May County (08202): $2,407,447
• Stone Harbor, Cape May County (08247): $2,264,361
• Mantoloking, Ocean County (08738): $1,958,519
• Short Hills, Essex County (07078): $1,903,920
• Allenhurst, Monmouth County (07711): $1,872,062
• Sea Girt, Monmouth County (08750): $1,843,401
• New Vernon, Morris County (07976): $1,775,826
• Avon by the Sea, Monmouth County (07976): $1,601,976
• Long Beach Township, Ocean County (08008): $1,504,459
• Rumson, Monmouth County (07760): $1,466,375
• Mantoloking, Ocean County (08739): $1,459,345
• Englewood Cliffs, Bergen County (07632): $1,444,542
• Strathmere, Cape May County (08428): $1,383,721
• Frankin Lakes, Bergen County (07417): $1,381,137
• Upper Saddle River, Bergen County (07458): $1,360,479
• Cape May Point, Cape May County (08212): $1,323,560
• Far Hills, Somerset County (07931): $1,311,262
• Sea Isle City, Cape May County (08243): $1,307,859
• Barnegat Light, Ocean County (08006): $1,285,075
• Fair Haven, Monmouth County (07704): $1,221,604
• Longport, Atlantic County (08403): $1,185,381
• Essex Fells, Essex County (07021): $1,182,817
• Montclair, Essex County (07043): $1,140,323
• Demarest, Bergen County (07627): $1,115,097
• Summit, Union County (07901): $1,094,595
• Chatham, Morris County (07928): $1,081,967
• Spring Lake, Monmouth County (07762): $1,080,437
• Colts Neck Twp., Monmouth County (07722): $1,075,179
• Ho-Ho-Kus, Bergen County (07423): $1,064,670
• Millburn, Essex County (07041): $1,060,964
• Tenafly, Bergen County (07670): $1,050,374
• Westfield, Union County (07090): $1,033,056
• Woodcliff Lake, Bergen County (07677): $1,015,051
• Mountain Lakes, Morris County (07046): $1,009,276

Take a look at the chart below to explore the 100 most expensive ZIP codes in the Garden State, based on their Zillow typical home value.

Click here if you cannot see the embed.

All housing data comes from Zillow.com.