West Caldwell, NJ—07006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Caldwell, NJ
As of Oct '25, the median home price in West Caldwell, NJ is $805,000, with a year-over-year change of 2.1%. This indicates that home prices in West Caldwell, NJ are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $805,000 | 2.1% |
| Single Family | $824,000 | 1.7% |
| Condos | $493,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $554,000 | 2.2% |
3 Bed | $744,000 | 2.1% |
4 Bed | $928,000 | 2.9% |
| 5 Bed | $1,240,000 | 2.6% |
% of Housing Stock
Rental Trends — West Caldwell, NJ
As of July '25, Rentcast reports the average rent in West Caldwell, NJ is $2,870, with a year-over-year rent change of -10.0%. Per bedroom, the median rent as of July '25 in West Caldwell, NJ is studios: $1,900, 1-bedrooms: $2,180, 2-bedrooms: $2,790, 3-bedrooms: $3,620, 4-bedrooms: $5,100. The most common rental property sizes in West Caldwell, NJ are 1-bedroom and 2-bedroom, accounting for 42.0% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,870 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $2,100 | $2,180 |
| 2 Bed Rent | $2,500 | $2,790 |
| 3 Bed Rent | $3,600 | $3,620 |
| 4 Bed Rent | $4,200 | $5,100 |
% of Rental Stock
Property Listings — West Caldwell, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in West Caldwell, NJ is 24. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $882,000 | 8.0% |
Listing Count | 63 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 24 | -6.0% |
Demographics — West Caldwell, NJ
As of the latest ACS Survey released in 2023, West Caldwell, NJ has a population of 26,400, which has increased by 3.5% over the past 5 years. West Caldwell, NJ is a moderately popular place for families, as children make up 22.4% of the population. The area has a highly educated workforce, with 64.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | 3.5% |
% Under 18 | 22.4% | 8.2% |
% Seniors | 19.2% | -1.0% |
% WFH | 19.2% | 269.2% |
% w/ College Degree | 64.9% | 10.6% |
As of the latest ACS Survey released in 2023, West Caldwell, NJ is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in West Caldwell, NJ is hispanic, making up 10.7% of the population. Foreign-born residents account for 15.0% of the population in West Caldwell, NJ, and this percentage has increased by 18.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.6% | -12.7% |
% Black | 3.0% | 114.3% |
% Hispanic | 10.7% | 52.9% |
% Asian | 8.3% | 59.6% |
% Foreign Born | 15.0% | 18.1% |
Mortgage and Risk — West Caldwell, NJ
According to HUD data as of 2023, there were 389 mortgage originations in West Caldwell, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in West Caldwell, NJ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 389 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — West Caldwell, NJ
As of 2024, the percent of homes in West Caldwell, NJ under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in West Caldwell, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 177 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $2,100 | $2,170 |
| 2 Bedroom | $130 | $2,500 | $2,630 |
| 3 Bedroom | -$290 | $3,600 | $3,310 |
| 4 Bedroom | -$430 | $4,200 | $3,770 |
Affordability — West Caldwell, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $805,000 |
| Median Household Income | $149,000 |