Even More New Jersey Towns Join List Of Most Expensive In America

New Jersey is a state with a variety of different areas to live for a small state. With New York City set to the northeast and Philadelphia located in the west, The Garden State has everything from rural to urban to suburban living areas throughout the state.

In 2023, New Jersey had a significant median price increase in property values while the United States saw record highs in median housing sales. Last year, five New Jersey towns were on the list of the most expensive zip codes in the United States.

The latest data from Zillow has revealed that there are now eight New Jersey towns that rank among the most expensive home values in America.  Here are the towns that are now on the list:

*Deal, NJ 07723 (Monmouth County)
With a $3,443,833 typical home value, Deal is now the 27th most expensive in America. Originally settled by Europeans in the 17th Century, one of New Jersey's Oldest Communities was ranked 70th Most Expensive Zip Code in America in 2023.

*Alpine, NJ 07620 (Bergen County)
Ranked 51th most expensive home values in America, Alpine homes are currently evaluated at $2,821,657 in 2024. This Bergen County town runs along the Hudson River and is located near the New York State border, the town saw an increase of 35 percent in property prices from 2022 to 2023.

*Avalon, NJ 08202 (Cape May County)
This is the third straight year that Avalon is ranked in the top 100 most expensive properties in America. In 2024, the Cape May County Shore Town is ranked 70th most expensive home values in the United States, currently set at $2,470,147.

*Stone Harbor, NJ 08247 (Cape May County)
While Avalon is the town on the north end of the Seven Mile Island, the southern half is the Shore Town of Stone Harbor. Currently ranked 82nd most expensive home values in America, was ranked outside the top 100 list in 2023 and their homes median value is $2,288,920 in 2024.

*Short Hills, NJ 07078 (Essex County)
With their typical home values at $1,990,666, Short Hills is ranked 121st most expensive home values in America. Located west of Newark off Interstate 76, Short Hills was ranked inside the top 100 most expensive median house values in 2023 but still ahead of San Jose, Berkeley, and San Francisco, California on the list.

*Allenhurst, NJ 07711 (Monmouth County)
Located between Deal and Asbury Park, Alenhurst is 122nd ranked most expensive home value in America. With the typical home value at $1,989,727 in 2024, Allenhurst is one of the younger towns on the list after being established in 1897.

*Sea Girt, NJ 08750 (Monmouth County)
Ranked as the 124th most expensive home value in the United States, Sea Girt is located just north of Manasquan. With a median home value of $1,976,771, Sea Girt is also famous for being the getaway Jersey Shore town for Pro Football Hall of Fame Coach Bill Parcells when he was the Head Coach of the New York Giants.

*Mantoloking, NJ 08738 (Ocean County)
With median home prices at $1,956,140 in 2024, Mantoloking is ranked 131st most expensive home values in America. One of the smallest populations in New Jersey, the Shore Town of Mantoloking has an estimated 331 year-round residents according to the 2020 United States Census.

A twist of irony is that four of the fastest shrinking towns in New Jersey are also on the list of most expensive home values in the United States.  Check out the full list below, you may be surprised by some of the New Jersey towns with shrinking populations: