Median home value in zip code 07023 (Fanwood, NJ) is $773,040, up 6.3% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$773,040

YoY Change

+6.3%

Prices rising — worse for buyers.

Affordability

Enter your income for 07023 (Fanwood).

Income (annual)

Down Payment

$154,608 on $773,040

Example: $75,000 household income. Change it above to see your own.

Out of reach73.5% of income

Need $196,800/yr to afford.

PITI$4,592

P/I73.5%

Afford$295K

Gap-$478K

P&I $3,909Tax $567Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

07023 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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