Home Values in Woodbridge, New Jersey — 2026 Market Report
Updated March 2026 | Seller's Market | +2.5% YoY
The median home value in Woodbridge, New Jersey is $415,000 as of March 2026, which is above the national median of $400,000. Home values in Woodbridge have increased by 2.5% over the past year and 13.1% over the last five years. With a population of 103,639 and a median household income of $85,250, the price-to-income ratio stands at 4.9x, making Woodbridge affordable for the average household.
Woodbridge Housing Market Conditions
| Metric | Woodbridge | National Avg |
|---|---|---|
| Median Home Value | $415,000 | $400,000 |
| YoY Appreciation | +2.5% | +3.8% |
| 5-Year Appreciation | +13.1% | +22.4% |
| Price per Sq Ft | $250 | $222 |
| Days on Market | 41 days | 45 days |
| Months of Supply | 2.9 | 3.5 |
| List-to-Sale Ratio | 101.2% | 98.5% |
| Monthly Homes Sold | 101 | — |
| Foreclosure Rate | 0.35% | 0.3% |
Home Value Trends in Woodbridge
A homeowner who purchased at the median price of $366,932 five years ago in Woodbridge would have gained approximately $48,068 in equity, representing a 13.1% return on investment. Over the past year alone, the typical homeowner gained $10,122 in home equity.
Affordability in Woodbridge, NJ
With a median household income of $85,250 and a median home price of $415,000, the price-to-income ratio in Woodbridge is 4.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,273 compared to estimated monthly ownership costs of $2,735 gives a rent-vs-buy ratio of 1.20. In Woodbridge, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Woodbridge
The effective property tax rate in New Jersey is 2.21%. On a home valued at $415,000, the estimated annual property tax bill is $9,172, or approximately $764/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Woodbridge is 112.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Woodbridge, NJ?
The median home value in Woodbridge, New Jersey is $415,000 as of March 2026. Home values have changed +2.5% over the past year, with a 5-year appreciation of 13.1%.
Is Woodbridge a buyer's or seller's market?
Woodbridge is currently a seller's market with 2.9 months of housing supply. Homes spend an average of 41 days on market, and the list-to-sale price ratio is 101.2%. Low inventory gives sellers an advantage.
Are home values going up in Woodbridge?
Yes, home values in Woodbridge have increased by 2.5% over the past year. The 5-year appreciation rate is 13.1%, meaning a home worth $366,932 five years ago is now worth $415,000.
Is it better to rent or buy in Woodbridge?
The average monthly rent in Woodbridge is $2,273, while estimated monthly homeownership costs are approximately $2,735. The price-to-rent ratio is 15.2. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
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Disclaimer: Home value data for Woodbridge, New Jersey is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.