What is the median home value in Bedminster Township, NJ?
The median value of owner-occupied homes in Bedminster Township, NJ is $448,500 (±$41,246), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Bedminster Township, the median home value went from $383,700 in 2015–2019 to $448,500 in 2020–2024 (+16.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $448,500 (±$41,246)
- Owner-occupied homes
- 3,280 (±261)
- Most common range
- $300,000 to $499,999
Home values in Bedminster Township
| Value | Bedminster Township | Somerset County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.4% (±2.5 points) | 1.2% | 2.5% | 5.3% |
| $50,000 to $99,999 | 1.6% (±1.3 points) | 0.6% | 1.8% | 6.1% |
| $100,000 to $149,999 | 6.9% (±3.4 points) | 1.4% | 2.2% | 6.8% |
| $150,000 to $199,999 | 3.1% (±2.2 points) | 1.1% | 4.3% | 9.0% |
| $200,000 to $299,999 | 5.6% (±2.4 points) | 6.9% | 12.9% | 17.8% |
| $300,000 to $499,999 | 37.5% (±6.8 points) | 32.9% | 34.2% | 26.9% |
| $500,000 to $999,999 | 32.4% (±7.2 points) | 44.0% | 34.5% | 20.9% |
| $1,000,000 or more | 9.6% (±2.3 points) | 11.8% | 7.6% | 7.1% |
The most common range is $300,000 to $499,999, 37.5% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Bedminster Township against Somerset County, its state and the nation
| Bedminster Township | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $448,500 (±$41,246) | $552,100 (±$7,374) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 3,280 (±261) | 97,187 (±1,176) | 2,239,128 (±10,678) | 84,210,142 |
In Bedminster Township, the median home value is lower than in Somerset County ($552,100).
It is not measurably different from New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Somerset County, Bedminster Township ranks 16 of 21 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 280 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Bedminster Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $383,700 (±$16,589) | $448,500 (±$41,246) | +16.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,289 (±$67) | $2,513 (±$252) | +9.8% | Down after inflation |
| Median real estate taxes | $5,078 (±$393) | $5,911 (±$664) | +16.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Bedminster Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Bedminster Township | — | $448,500 (±$41,246) | — |
| Peapack and Gladstone Borough | 3.4 mi | $868,800 (±$51,688) | Higher |
| Far Hills Borough | 3.6 mi | $792,100 (±$91,658) | Higher |
| Tewksbury Township | 4.8 mi | $795,400 (±$82,088) | Higher |
| Bridgewater Center | 5.3 mi | $703,700 (±$31,769) | Higher |
| Liberty Corner | 5.4 mi | $1,187,500 (±$244,623) | Higher |
| White House Station | 5.8 mi | $454,400 (±$44,564) | Not measurably different |
| Green Knoll | 6.0 mi | $597,100 (±$30,926) | Higher |
| Bernards Township | 6.2 mi | $814,800 (±$33,665) | Higher |
Nearby places with a measurably higher figure: Peapack and Gladstone Borough, NJ ($868,800), Far Hills Borough, NJ ($792,100), Tewksbury Township, NJ ($795,400).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Somerset County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 10 | Rocky Hill Borough | $597,200 (±$31,475) |
| 11 | Hillsborough Township | $547,600 (±$18,030) |
| 12 | Green Brook Township | $538,500 (±$81,881) |
| 13 | Millstone Borough | $494,500 (±$63,552) |
| 14 | Franklin Township (Somerset County) | $457,900 (±$9,937) |
| 15 | Raritan Borough | $456,900 (±$14,910) |
| 16 | Bedminster Township | $448,500 (±$41,246) |
| 17 | Somerville Borough | $435,700 (±$20,614) |
| 18 | Bound Brook Borough | $397,100 (±$20,438) |
| 19 | North Plainfield Borough | $374,700 (±$11,810) |
| 20 | South Bound Brook Borough | $359,000 (±$13,434) |
| 21 | Manville Borough | $354,300 (±$17,385) |
Showing 12 of 21 places in Somerset County, ranked from highest to lowest.
The figures for Bedminster Township include the places inside it that have pages of their own: Bedminster, The Hills.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Bedminster Township
What is the average home value in Bedminster Township, NJ?
The Census Bureau publishes the median: $448,500 (±$41,246) for owner-occupied homes in Bedminster Township (2020–2024 American Community Survey).
Have home values in Bedminster Township gone up?
In Bedminster Township, the median home value went from $383,700 in 2015–2019 to $448,500 in 2020–2024 (+16.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Bedminster Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bedminster township, Somerset County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bedminster township, Somerset County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Bedminster township, Somerset County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Bedminster township, Somerset County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Bedminster township, Somerset County, New Jersey (county subdivision:04450, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- New Jersey landlord and tenant rules
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- Housing data for every place in New Jersey