MoneyLion Names 5 New Jersey Suburbs Among Top 50 Wealthiest, With Homes Above $1 Million
Updated
Updated · NorthJersey.com · Aug 17
MoneyLion Names 5 New Jersey Suburbs Among Top 50 Wealthiest, With Homes Above $1 Million
3 articles · Updated · NorthJersey.com · Aug 17
Summary
Five New Jersey communities—Westfield, Summit, Tenafly, Princeton and Ridgewood—made MoneyLion’s list of the 50 wealthiest U.S. suburbs, with four posting average home values above $1 million in April.
Summit had the priciest market of the group at about $1.46 million, followed by Tenafly at $1.33 million, Westfield at $1.32 million and Ridgewood at $1.24 million; Princeton stood at roughly $1.06 million.
Westfield ranked highest among New Jersey entries at No. 30, ahead of Summit at No. 32, Tenafly at No. 33, Princeton at No. 47 and Ridgewood at No. 48.
Recent market data showed prices still climbing in several towns, with Westfield up 8.5% year over year to $1.33 million by late June and Ridgewood homes going pending in about 12 days.
The rankings, based on Zillow Home Value Index data, underscore how buying into some of New Jersey’s wealthiest suburbs now often requires a seven-figure budget.