Sussex County, New Jersey Housing Market
In Sussex County, New Jersey, the median home value is $369,400, with a median monthly rent of $1,585. This places Sussex County at #364 nationally out of 3134 counties by median home value, and #14 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,139
- Establishments: 3,497
- BLS QCEW, 2025
Housing Supply
- Single-family: 64
- Multi-family: 32
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 63,738 (avg $104,865)
- Outflow: 61,093 (avg $105,503)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Sussex County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07418 | 239.7 | +1.30% | 2025 |
| 2 | 07419 | 314.0 | +18.83% | 2025 |
| 3 | 07422 | 292.1 | +4.14% | 2025 |
| 4 | 07416 | 284.0 | +5.88% | 2025 |
| 5 | 07439 | 283.9 | +11.36% | 2025 |
| 6 | 07827 | 282.9 | +10.16% | 2025 |
| 7 | 07821 | 253.9 | +10.21% | 2025 |
| 8 | 07848 | 234.2 | +12.61% | 2025 |
| 9 | 07843 | 289.9 | +3.51% | 2025 |
| 10 | 07826 | 248.2 | +9.65% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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Get the complete picture for Sussex County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Sussex County Compares
| Metric | Sussex County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $369,400 | $430,014 | $227,706 |
| Median Gross Rent | $1,585 | $1,634 | $968 |
| Owner Occupancy Rate | 83.7% | 68.3% | 73.3% |
| Price/Rent Ratio | 19.4 | 21.6 | 18.7 |
Market Analysis
The median home value in Sussex County is 14.1% below the New Jersey state average and 62.2% above the U.S. national average. The median rent of $1,585/month is 3.0% below the state average.
With a price-to-rent ratio of 19.4, the buy-vs-rent decision in Sussex County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Sussex County has an owner-occupancy rate of 83.7%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Bonneville County | Idaho | $368,800 | $1,133 |
| Latah County | Idaho | $368,600 | $929 |
| Madison County | Virginia | $370,300 | $1,166 |
| Pend Oreille County | Washington | $367,900 | $855 |
| Merrimack County | New Hampshire | $367,600 | $1,360 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mercer County | $377,700 | $1,623 | 62.2% |
| Burlington County | $354,000 | $1,745 | 76.1% |
| Warren County | $346,500 | $1,409 | 75.1% |
| Ocean County | $398,400 | $1,755 | 80.7% |
| Gloucester County | $310,400 | $1,531 | 80.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).