07042 Housing Market

$896,044

3.9% 1-yr

The average 07042 home value is $896,044, up 3.9% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

07042 Key Takeaways

Typical Home Values: $896,044

1-year Value Change: +3.9%

(Data through January 31, 2026)

07042 Housing Market Overview

1.7%1-year Market Forecast(January 31, 2026)

28For sale inventory(January 31, 2026)

11New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price(December 31, 2025)

$1,068,667Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
07028$1,080,851
07003$581,655
07044$736,054
07043$1,327,616
07052$669,079
07017$481,378
07009$730,687
07110$640,658
07109$505,719

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07042 Rental Market Trends

$2,792Average rent in 07042(January 31, 2026)

$1,895National average rent(January 31, 2026)

-1.1%Month-over-month change(January 31, 2026)

-0.8%Year-over-year change(January 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.