Top 10 New Jersey Locations Recommended by Real Estate Professionals

New Jersey is one of the happiest U.S. states — and it’s easy to see why.

Recreational and economic opportunities play a significant role in choosing where to settle down. As one of the most business-friendly states in the nation, New Jersey’s economy is booming. Residents enjoy direct and quick access to New York City and Philadelphia alongside a spectacular variety of natural sights—over 900 lakes and rivers, 127 miles of picturesque Atlantic coastline dotted with quaint resort towns, and numerous state parks. Remarkably, New Jersey’s exceptional public school system often ranks in the top three in the country for education. These factors contribute to New Jersey’s high ranking as one of the happiest states, as revealed by WalletHub’s survey that considered emotional well-being, community, and work environment.

01. Jersey City

New Jersey’s second-largest city sits along the Hudson River, offering residents postcard-perfect views of the Manhattan skyline. Over the past 15 years, the city has seen remarkable growth, with sleek high-rises along the waterfront and trendy bars and restaurants lining its historic, tree-lined streets.

“The public arts in Jersey City are a vibrant force, showcasing local, national, and international emerging artists through street murals,” said Julia Kovacs, real estate agent at Weichert Realtors. New developments are continually emerging in the city.

“Good properties—those that tick all the boxes for location, amenities, and ease of transportation—go quickly but still offer a relative value compared to New York City alternatives.” The median home price in Jersey City is $589,891, as reported by Zillow.

For stunning views of the Big Apple and convenient public transportation options, consider settling in Newport, while Paulus Hook offers classic brownstone buildings and top-notch dining.

02. Hoboken

This former industrial port town across from midtown Manhattan has transformed into a trendy destination with sidewalk coffee shops, bars, and diverse architecture, from 1800s brownstones to sleek waterfront high-rises.

“Hoboken covers only about one square mile,” explained Peter Cossio, sales agent at Brown Harris Stevens, highlighting that its nickname is Mile Square City. “New sustainable parks and services are available on nearly every corner, including the Monroe Center, a converted factory that hosts fitness studios, kids’ programs, retail spaces, and dining spots.”

As of now, the median home price in Hoboken is $782,317. However, those dreaming of waking up to breathtaking New York City views may pay well over $1 million.

03. Princeton

Princeton, settled in the late 17th century, boasts incredible Gothic architecture, historical monuments, and natural beauty, according to Katherine Weidel, COO at Weidel Real Estate.

Despite its small size, Princeton is celebrated for its Ivy League university and attracts residents with a robust jobs market and proximity to Philadelphia and New York City. The town offers a mix of locally owned shops, world-class brands, and diverse dining options.

Weidel emphasized, “Whether you’re interested in a luxury condominium overlooking the university, a serene woods retreat, or a home near top-ranking schools, visiting is the best way to discover your ideal neighborhood.”

04. Montclair

Known for seamlessly blending urban and suburban conveniences, Montclair is an ideal choice for New York City commuters (only 15 miles away) looking for top-notch schools, vibrant cultural programs, fine dining, and abundant parks.

However, settling down here can be costly. The median home value in August 2023 was $974,979, but buyers can occasionally find two-bedroom condos for as low as $365,000, notes Allison Maguire, sales associate at Brown Harris Stevens.

According to Maguire, “One reason buyers love Montclair is the variety of home styles available. Each street offers a mix of colonials, Tudor, ranch, mid-century modern, contemporary, and Victorian homes, with some split-level and bi-level options.”

05. Ridgewood/Ho-Ho-Kus

Ridgewood and neighboring Ho-Ho-Kus are often cited as two of the best places to live in the country, thanks to their top-tier public schools, family-friendly amenities, and safety. Recently, Realtor.com named Ridgewood the third most popular zip code in the U.S. for its idyllic setting, proximity to Manhattan, and numerous parks. Both towns, located in Bergen County about 18 miles from New York City, are among the wealthiest communities in the Garden State.

“The historic Ho-Ho-Kus Inn & Tavern is at the heart of a quaint downtown area featuring shops, cafes, and dining options,” stated Sarah Drennan, executive VP and broker at Terrie O’Connor Realtors. “Ho-Ho-Kus is renowned for its Cheelcroft section, which showcases distinct Tudor-style homes.”

However, note that the median home value in both towns hovers around $1 million, and multiple offers on homes are common, according to Drennan.

06. Millburn-Short Hills

“Millburn is often sought after due to its reputation for outstanding public schools,” says Sue Lemkau from Harrison-Lemkau Real Estate Partners. In addition to education, Millburn offers recreational activities, lovely outdoor spaces, and the locally renowned Paper Mill Playhouse, complemented by two train stations providing direct service to New York City.

Lemkau explained that buyers can expect a consistent supply of newly built homes in various styles, from traditional to contemporary.

07. Wayne

This town in Passaic County features a highly ranked school system, which draws families seeking excellent education and suburban amenities near Manhattan. Wayne is also home to three lake communities—Lionshead, Packanack, and Pines Lake—offering beaches, playgrounds, and picnic areas, as shared by realtor Joseph Simone at Howard Hanna Rand Realty.

The median home value in Wayne is $637,000, with 86 percent of properties selling for above the asking price.

Simone noted, “It can be a competitive market with multiple offers, so it’s important to stay patient and have your realtor in contact with listing agents in case situations change.”

08. Avalon/Stone Harbor

The coastal towns of Avalon and Stone Harbor at the southern end of New Jersey’s Seven Mile Island offer residents beautiful white sandy beaches, dunes, and a maritime forest, along with hiking and biking trails, water sports, fishing, and boating.

“Avalon and Stone Harbor provide the perfect blend of a vibrant, luxurious summer resort atmosphere and the calm of peaceful beach living during the off-season,” noted Jennifer Gensemer, a sales agent at Long & Foster.

Avalon, often dubbed Cooler by a Mile, features beautiful oceanfront properties nestled among the dunes. Gensemer highlighted that the limited distance between the beach and bay provides residents with nearly empty beaches to enjoy.

09. Middletown

Situated along Sandy Hook Bay, Middletown spans more than 40 square miles and features a diverse range of homes and lifestyles.

“Middletown’s history dates back to pre-Revolutionary War times, leading to a unique sense of character in many neighborhoods. The variety of housing styles includes French chateau, Tuscan designs, grand colonial homes, and modern architecture,” shared Thomas McCormack, senior partner and broker at Resources Real Estate. Regular train and ferry services ensure a swift and convenient commute to New York City.

Due to the town’s vastness, McCormack recommends prospective buyers familiarize themselves with different school districts, neighborhoods, and property values before making their decision.

10. Fair Haven

Located along the Navesink River, between Rumson and Red Bank, Fair Haven attracts new residents with its scenic waterfront views, charming historic district, excellent schools, and abundant parks.

“Fair Haven has been a popular choice in Monmouth County for years. The town boasts a wonderful small-town feel blended with sophistication, featuring restaurants, a library, and retail options, such as River Road Books,” said Katherine Raftery, a sales agent at Resources Real Estate. The town is increasingly appealing to families relocating from Hoboken and Jersey City, characterized by a diverse range of homes from Victorian to modern styles.

Neighborhoods such as River Oaks, The Gentry, and downtown are currently in high demand, according to Raftery.