A typical Basking Ridge home is worth about $951,000
Up 5.5% in a year, 64% above the New Jersey typical home. Homes typically sell in 18 days, a little above asking.
What kind of housing town is Basking Ridge?
Read from the numbers below. The page puts what stands out first.
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
A typical home costs 5.1 years of income
Less than across New Jersey (5.6 years). Try your own numbers below.
That’s $246K short of a typical Basking Ridge home.
A two-bedroom rents for about $3,240 a month here, $2,680 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Basking Ridge’s typical property tax (1.17% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home values since 2023
Typical home value by month.
Show as a table
| January | Basking Ridge | New Jersey |
|---|---|---|
| 2024 | $814,000 | $511,000 |
| 2025 | $895,000 | $551,000 |
| 2026 | $924,000 | $568,000 |
| August 2026 | $951,000 | $580,000 |
A typical Basking Ridge home worth $809K in October 2023 is worth about $951K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $3,240
Renters already here pay a median of $546, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
84% of Basking Ridge households own their home
Half of Basking Ridge’s homes were built before 1972.
New Jersey: 64% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Basking Ridge vs. its neighbors
Basking Ridge is the 2nd least expensive of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Basking Ridge | $951K | +5.5% | $3,240 | — | $188,295 |
| Bernards | $815K* | +4.1%† | $3,200 | 1 | $194,107 |
| Harding | $1.15M* | +7.7%† | $3,130 | 3 | $222,429 |
| Bernardsville | $1.05M | +6.1% | $2,790 | 23 | $236,115 |
| Lyons | $1.04M* | +4.1%† | $3,250 | — | $250,001 |
| Liberty Corner | $1.19M* | +4.1%† | $3,220 | — | $241,480 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Basking Ridge buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.