What is the median home value in Preakness, NJ?

Name: Home values in Preakness, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Preakness, NJ is $617,700 (±$25,892), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

Figures last updated on November 12, 2026.

Median home value: $617,700 (±$25,892)
Owner-occupied homes: 4,662 (±399)
Most common range: $500,000 to $999,999

Home values in Preakness

Owner-occupied homes by value, 2020–2024
Value	Preakness	Passaic County	New Jersey	United States
Less than $50,000	0.8% (±0.6 points)	2.7%	2.5%	5.3%
$50,000 to $99,999	0.2% (±0.3 points)	1.0%	1.8%	6.1%
$100,000 to $149,999	0.6% (±0.7 points)	1.3%	2.2%	6.8%
$150,000 to $199,999	0.3% (±0.5 points)	2.2%	4.3%	9.0%
$200,000 to $299,999	7.2% (±2.4 points)	8.4%	12.9%	17.8%
$300,000 to $499,999	18.8% (±6.4 points)	45.3%	34.2%	26.9%
$500,000 to $999,999	69.8% (±6.8 points)	36.8%	34.5%	20.9%
$1,000,000 or more	2.4% (±1.8 points)	2.2%	7.6%	7.1%

The most common range is $500,000 to $999,999, 69.8% 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.

Preakness against Passaic County, its state and the nation

Estimate (90% margin of error)
	Preakness	Passaic County	New Jersey	United States
Median home value	$617,700 (±$25,892)	$459,500 (±$3,736)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	4,662 (±399)	94,970 (±1,482)	2,239,128 (±10,678)	84,210,142

In Preakness, the median home value is higher than in Passaic County ($459,500).

It is also higher than in New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Passaic County, Preakness ranks 2 of 9 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 45 of 248.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Median home value in places near Preakness

Nearest places with a published estimate, compared with Preakness
Place	Distance	Median home value	Compared with this place
Preakness	—	$617,700 (±$25,892)	—
Packanack Lake	1.6 mi	$601,000 (±$24,484)	Not measurably different
Haledon Borough	1.9 mi	$396,400 (±$40,868)	Lower
Totowa Borough	2.4 mi	$559,300 (±$31,677)	Lower
Prospect Park Borough	2.7 mi	$406,800 (±$76,916)	Lower
North Haledon Borough	2.7 mi	$547,600 (±$45,000)	Lower
Paterson	3.6 mi	$360,100 (±$11,010)	Lower
Hawthorne Borough	3.7 mi	$533,700 (±$23,162)	Lower
Woodland Park Borough	3.7 mi	$497,600 (±$30,791)	Lower

Nearby places with a measurably lower figure: Haledon Borough, NJ ($396,400), Totowa Borough, NJ ($559,300), Prospect Park Borough, NJ ($406,800).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Passaic County, place by place

Rank	Place	Median home value
1	Pines Lake	$626,500 (±$41,529)
2	Preakness	$617,700 (±$25,892)
3	Packanack Lake	$601,000 (±$24,484)
4	Great Notch	$580,400 (±$50,735)
5	Hewitt	$466,600 (±$73,344)
6	Newfoundland	$434,600 (±$23,444)
7	Singac	$427,400 (±$33,545)
8	Macopin	$389,800 (±$27,705)

Showing 8 of 9 places in Passaic County, ranked from highest to lowest.

Preakness is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Wayne Township, whose figures include it.

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 Preakness

What is the average home value in Preakness, NJ?

The Census Bureau publishes the median: $617,700 (±$25,892) for owner-occupied homes in Preakness (2020–2024 American Community Survey).

Is this what homes in Preakness 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

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 Preakness CDP, New Jersey (place:60810, in state:34).

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.

Request a Census API 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.