Median home value in zip code 07940 (Madison, NJ) is $1,004,058, up 6.8% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$1,004,058

YoY Change

+6.8%

Prices rising — worse for buyers.

Affordability

Enter your income for 07940 (Madison).

Income (annual)

Down Payment

$200,812 on $1,004,058

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

Out of reach94.9% of income

Need $254,143/yr to afford.

PITI$5,930

P/I94.9%

Afford$296K

Gap-$708K

P&I $5,077Tax $736Ins $117

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

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

Metro Analysis

07940 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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