Clifton, NJ—07012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clifton, NJ
As of Oct '25, the median home price in Clifton, NJ is $629,000, with a year-over-year change of 5.2%. This indicates that home prices in Clifton, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $629,000 | 5.2% |
| Single Family | $634,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $632,000 | 4.3% |
4 Bed | $679,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clifton, NJ
As of July '25, Rentcast reports the average rent in Clifton, NJ is $2,900, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Clifton, NJ is studios: $1,700, 1-bedrooms: $2,160, 2-bedrooms: $2,800, 3-bedrooms: $3,310, 4-bedrooms: $4,500. The most common rental property sizes in Clifton, NJ are 2-bedroom and 1-bedroom, accounting for 41.3% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,900 |
| Studio Rent | $1,640 | $1,700 |
| 1 Bed Rent | $1,300 | $2,160 |
| 2 Bed Rent | $2,200 | $2,800 |
| 3 Bed Rent | $3,200 | $3,310 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Clifton, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Clifton, NJ is 74. This is a increase of 57.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $612,000 | -4.0% |
Listing Count | 23 | 42.0% |
| Listings as % of Homes | 0.1% | 42.0% |
Days on Market | 74 | 57.0% |
Demographics — Clifton, NJ
As of the latest ACS Survey released in 2023, Clifton, NJ has a population of 15,200, which has increased by 24.4% over the past 5 years. Clifton, NJ is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 24.4% |
% Under 18 | 27.0% | 31.7% |
% Seniors | 14.8% | -20.0% |
% WFH | 16.0% | 233.3% |
% w/ College Degree | 43.8% | -7.0% |
As of the latest ACS Survey released in 2023, Clifton, NJ is a predominantly white area, with 55.5% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Clifton, NJ is hispanic, making up 26.1% of the population. Foreign-born residents account for 21.4% of the population in Clifton, NJ, and this percentage has decreased by 23.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.5% | -11.1% |
% Black | 6.4% | 236.8% |
% Hispanic | 26.1% | 63.1% |
% Asian | 10.7% | -36.3% |
% Foreign Born | 21.4% | -23.6% |
Mortgage and Risk — Clifton, NJ
According to HUD data as of 2023, there were 37 mortgage originations in Clifton, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Clifton, NJ. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Clifton, NJ
As of 2024, the percent of homes in Clifton, NJ under the Section 8 program is 4.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Clifton, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 108 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,300 | $1,770 |
| 2 Bedroom | -$170 | $2,200 | $2,030 |
| 3 Bedroom | -$700 | $3,200 | $2,500 |
| 4 Bedroom | -$1,340 | $4,500 | $3,160 |
Affordability — Clifton, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $629,000 |
| Median Household Income | $100,000 |