A typical Towaco home is worth roughly $781,000
Homes typically sell in 62 days, close to asking.
What kind of housing town is Towaco?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.8 years of income
Less than across New Jersey (4.4 years). Try your own numbers below.
That’s $34K short of a typical Towaco home.
A two-bedroom rents for about $2,650 a month here, $2,380 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Towaco’s typical property tax (1.43% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 39% in 5 years
The federal house price index for the ZIP code around Towaco rose 39% over the past 5 years, slower than across New Jersey (63%). Last year prices rose 6.1%. Carrying the Census median home value forward with that index puts the typical Towaco home at roughly $781,000 today.
Carrying the Census median forward with the index puts a typical home at about $781K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Towaco, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
93% of Towaco households own their home
Half of Towaco’s homes were built before 1972.
New Jersey: 64% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A balanced market
About 4.8 months of supply: neither buyers nor sellers have a clear edge.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
A two-bedroom rents for about $2,650
Renters already here pay a median of $1,950, 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 (Newark, 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.
Towaco vs. its neighbors
Towaco is the 3rd least expensive of 5 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 |
|---|---|---|---|---|---|
| Towaco | $781K* | +6.1%† | $2,650 | — | $205,636 |
| Montville | $700K* | +4.3%† | $2,780 | 41 | $169,083 |
| Fairfield | $832K | +6% | $3,310 | 0 | $115,980 |
| Lincoln Park | $546K | +1.7% | $2,410 | 2 | $123,397 |
| Kinnelon | $864K | +6.7% | $2,200 | 0 | $187,438 |
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.
On the market in Towaco
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Towaco buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. 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.