What is the median home value in Victory Gardens Borough, NJ?

The median value of owner-occupied homes in Victory Gardens Borough, NJ is $250,600 (±$33,514), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Victory Gardens Borough, the median home value went from $171,100 in 2015–2019 to $250,600 in 2020–2024 (+46.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median home value
$250,600 (±$33,514)
Owner-occupied homes
223 (±70)
Most common range
$200,000 to $299,999

Home values in Victory Gardens Borough

Owner-occupied homes by value, 2020–2024
ValueVictory Gardens BoroughMorris CountyNew JerseyUnited States
Less than $50,0004.9% (±6.0 points)1.2%2.5%5.3%
$50,000 to $99,9991.8% (±3.0 points)1.0%1.8%6.1%
$100,000 to $149,9990.0% (±18.2 points)0.6%2.2%6.8%
$150,000 to $199,9994.0% (±3.8 points)0.8%4.3%9.0%
$200,000 to $299,99959.2% (±16.9 points)5.1%12.9%17.8%
$300,000 to $499,99922.0% (±13.2 points)30.3%34.2%26.9%
$500,000 to $999,9998.1% (±12.7 points)50.2%34.5%20.9%
$1,000,000 or more0.0% (±18.2 points)10.8%7.6%7.1%

The most common range is $200,000 to $299,999, 59.2% 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.

Victory Gardens Borough against Morris County, its state and the nation

Estimate (90% margin of error)
Victory Gardens BoroughMorris CountyNew JerseyUnited States
Median home value$250,600 (±$33,514)$582,500 (±$5,640)$454,400 (±$1,150)$332,700
Owner-occupied homes223 (±70)143,562 (±1,613)2,239,128 (±10,678)84,210,142

In Victory Gardens Borough, the median home value is lower than in Morris County ($582,500).

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

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

In Morris County, Victory Gardens Borough ranks 39 of 39 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 504 of 561.

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

How home values in Victory Gardens Borough have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$171,100 (±$4,782)$250,600 (±$33,514)+46.5%Up after inflation
Median owner cost with a mortgage$1,495 (±$222)$1,690 (±$158)+13.0%No measurable change after inflation
Median real estate taxes$4,422 (±$260)$4,820 (±$312)+9.0%Down 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 Victory Gardens Borough

Nearest places with a published estimate, compared with Victory Gardens Borough
PlaceDistanceMedian home valueCompared with this place
Victory Gardens Borough—$250,600 (±$33,514)—
Dover Town1.0 mi$366,700 (±$16,201)Higher
Rockaway Borough1.9 mi$448,100 (±$27,438)Higher
Wharton Borough2.2 mi$380,700 (±$31,603)Higher
Mount Hope3.0 mi$398,000 (±$32,918)Higher
Randolph Township3.0 mi$670,700 (±$21,045)Higher
Denville Township3.0 mi$564,600 (±$32,188)Higher
Mine Hill Township3.0 mi$434,100 (±$29,855)Higher
Mount Tabor3.6 mi$454,800 (±$36,738)Higher

Nearby places with a measurably higher figure: Dover Town, NJ ($366,700), Rockaway Borough, NJ ($448,100), Wharton Borough, NJ ($380,700).

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

Median home value across Morris County, place by place

RankPlaceMedian home value
33Jefferson Township$428,200 (±$17,615)
34Mount Arlington Borough$422,900 (±$24,156)
35Riverdale Borough$395,900 (±$24,392)
36Wharton Borough$380,700 (±$31,603)
37Dover Town$366,700 (±$16,201)
38Netcong Borough$346,100 (±$12,890)
39Victory Gardens Borough$250,600 (±$33,514)

Showing 7 of 39 places in Morris County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Victory Gardens Borough

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Victory Gardens Borough beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Victory Gardens Borough, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Victory Gardens Borough, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Victory Gardens Borough

What is the average home value in Victory Gardens Borough, NJ?

The Census Bureau publishes the median: $250,600 (±$33,514) for owner-occupied homes in Victory Gardens Borough (2020–2024 American Community Survey).

Have home values in Victory Gardens Borough gone up?

In Victory Gardens Borough, the median home value went from $171,100 in 2015–2019 to $250,600 in 2020–2024 (+46.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Victory Gardens Borough 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 Victory Gardens borough, Morris County, New Jersey (county subdivision:75890, in state:34 county:027).

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.

Figures last updated on .

Related