What income do you need to buy a house in Garwood, NJ?

It takes about $220,000/yr to afford the typical Garwood, NJ home ($708K, +1.8% past year) at today's rates. Starter homes run around $622K. See if you can afford a house in Garwood (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $220,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, NJ property tax and insurance)
• Typical home value: $708K (Zillow ZHVI, 2026-07)
• 1-year change: +1.8%
• Bottom 35% of homes: $622K
• Top 35% of homes start around: $831K
• Median household income: $111K
• Price-to-income ratio: 6.4
• Estimated payment on the typical home: $3,680/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Westfield, NJ — typical home $1.33M
• Kenilworth, NJ — typical home $639K
• Mountainside, NJ — typical home $1.07M
• Roselle Park, NJ — typical home $554K
• Roselle, NJ — typical home $520K
• Fanwood, NJ — typical home $819K

The most affordable cities to buy a house in New Jersey

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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