House Prices

Drew University Madison, NJ House Prices & Home Values 2026


Average Data

average house price$916,778
average size per house2712 ft²
average price per ft²364 $ / ft²

05/22/2026 - The value range (VR) for house prices in Drew University Madison, NJ is $345.8/ sqft to $382.2/ sqft. An average home with 2712 sqft costs approximately $1,007,208 to $1,113,230. Madison, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07940, while the highest are in ZIP 07940. The average price per sqare feet is $364. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Drew University Madison

07940353 $ / ft²




Historical development of home values in Drew University Madison

Year Estimated value (USD) Change vs. 2025
2010 $425,768 -53.6%
2011 $409,304 -55.4%
2012 $408,202 -55.5%
2013 $423,459 -53.8%
2014 $444,516 -51.5%
2015 $467,330 -49.0%
2016 $491,718 -46.4%
2017 $518,258 -43.5%
2018 $546,910 -40.3%
2019 $572,270 -37.6%
2020 $601,853 -34.4%
2021 $684,543 -25.3%
2022 $798,024 -13.0%
2023 $841,553 -8.2%
2024 $890,238 -2.9%
2025 $916,778 0.0%

Graph: estimated home values in Drew University Madison over time (USD)



Example: 100% financing house in Drew University Madison

Loan amount: $916,778

Interest rate: 6.44%

Fixed monthly payment: $5,760.94

Breakdown in the 1st month:
Interest portion: $4,923.10  –  Principal portion: $837.84

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $58,774.85 $10,356.41 $906,421.59
2 $58,087.41 $11,043.85 $895,377.74
3 $57,354.35 $11,776.91 $883,600.82
4 $56,572.62 $12,558.64 $871,042.18
5 $55,739.01 $13,392.25 $857,649.93
6 $54,850.06 $14,281.20 $843,368.73
7 $53,902.11 $15,229.15 $828,139.58
8 $52,891.23 $16,240.03 $811,899.54
9 $51,813.25 $17,318.01 $794,581.54
10 $50,663.72 $18,467.54 $776,114.00
11 $49,437.89 $19,693.37 $756,420.63
12 $48,130.69 $21,000.57 $735,420.06
13 $46,736.72 $22,394.54 $713,025.52
14 $45,250.22 $23,881.04 $689,144.48
15 $43,665.05 $25,466.21 $663,678.28
16 $41,974.66 $27,156.60 $636,521.68
17 $40,172.07 $28,959.19 $607,562.49
18 $38,249.83 $30,881.43 $576,681.06
19 $36,199.99 $32,931.27 $543,749.78
20 $34,014.08 $35,117.18 $508,632.61
21 $31,683.09 $37,448.17 $471,184.43
22 $29,197.36 $39,933.90 $431,250.54
23 $26,546.64 $42,584.62 $388,665.92
24 $23,719.97 $45,411.29 $343,254.63
25 $20,705.67 $48,425.59 $294,829.04
26 $17,491.29 $51,639.97 $243,189.07
27 $14,063.55 $55,067.71 $188,121.36
28 $10,408.28 $58,722.98 $129,398.38
29 $6,510.38 $62,620.88 $66,777.51
30 $2,353.75 $66,777.51 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Drew University Madison, NJ


1500 sqft3900 sqft
Ø selling price$709,549$1,509,404
Ø fast selling$645,045$1,358,464
Ø high price sale$774,054$1,660,345

In 2026, houses in Drew University Madison, NJ will be offered at an average price of $364 per square foot. A 1,500 sqft home priced at $709,549 is 24.70% more expensive per square foot than a 3,900 sqft home priced at $1,509,404. Home prices in Drew University Madison, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,044,972. Sellers who can wait longer may achieve a higher price of up to $1,277,188.

FAQ – Home Values in Drew University Madison

What is the median home value in Drew University Madison in 2026?

In 2026, the typical home value in Drew University Madison is about $916,778 for an average home size of 2712 square feet. This corresponds to an average price of roughly $364 per square foot.

What is the average cost per square foot in Drew University Madison?

In 2026, homes in Drew University Madison sell for an average of around $364 per square foot, with a typical range between $345.8 and $382.2 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Drew University?

The average home size in Drew University Madison is about 2712 square feet, with an estimated 2026 value around $916,778.



Neighborhoods close to Drew University Madison, NJ

Mendham Commons Mendham, NJ250 $ / ft²
Coventry Park Morris Plains, NJ287 $ / ft²
Downtown Morristown Morristown, NJ461 $ / ft²
The Green at Florham Park Florham Park, NJ330 $ / ft²
Rolling Hill Chatham, NJ407 $ / ft²
Peppertown Berkeley Heights, NJ262 $ / ft²
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