Housing market · ZIP 07940

Madison, NJ Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$1,057,444

3-month+2.3%

6-month+4.8%

12-month+6.9%

Touse 12-month forecast

+3.4%

Projected median near $1,093,320 over the next 12 months

As of April 2026, the median home value in Madison, NJ (ZIP 07940) is $1,057,444. Prices are rising, up 6.9% over the past year. Touse's model projects a +3.4% change over the next 12 months, putting the median near $1,093,320.

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Nearby areas in Morris

Boonton 07005 Lake Hiawatha 07034 Lincoln Park 07035 Montville 07045 Mountain Lakes 07046 Parsippany 07054 Pine Brook 07058 Towaco 07082

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.