East Orange, NJ—07017
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in East Orange, NJ
Home Price Trends — East Orange, NJ
As of Oct '25, the median home price in East Orange, NJ is $481,000, with a year-over-year change of 4.2%. This indicates that home prices in East Orange, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $481,000 | 4.3% |
| Single Family | $493,000 | 2.7% |
| Condos | $232,000 | 8.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | 5.0% |
3 Bed | $467,000 | 3.5% |
4 Bed | $527,000 | 3.5% |
| 5 Bed | $564,000 | 1.6% |
% of Housing Stock
Rental Trends — East Orange, NJ
As of July '25, Rentcast reports the average rent in East Orange, NJ is $2,000, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in East Orange, NJ is studios: $1,400, 1-bedrooms: $1,630, 2-bedrooms: $2,110, 3-bedrooms: $2,460, 4-bedrooms: $2,680. The most common rental property sizes in East Orange, NJ are 1-bedroom and 2-bedroom, accounting for 38.6% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,000 |
| Studio Rent | $1,380 | $1,400 |
| 1 Bed Rent | $1,580 | $1,630 |
| 2 Bed Rent | $2,000 | $2,110 |
| 3 Bed Rent | $2,400 | $2,460 |
| 4 Bed Rent | $2,850 | $2,680 |
% of Rental Stock
Property Listings — East Orange, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in East Orange, NJ is 38. This is a increase of 4.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | 14.0% |
Listing Count | 40 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 38 | 4.0% |
Demographics — East Orange, NJ
As of the latest ACS Survey released in 2023, East Orange, NJ has a population of 40,800, which has increased by 14.2% over the past 5 years. East Orange, NJ is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,800 | 14.2% |
% Under 18 | 22.7% | -4.6% |
% Seniors | 15.1% | 10.2% |
% WFH | 8.4% | 300.0% |
% w/ College Degree | 21.8% | 19.8% |
As of the latest ACS Survey released in 2023, East Orange, NJ is a predominantly black area, with 77.5% of the population identifying as black. The black population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in East Orange, NJ is hispanic, making up 12.1% of the population. Foreign-born residents account for 26.5% of the population in East Orange, NJ, and this percentage has increased by 0.8% 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 | 2.2% | 22.2% |
% Black | 77.5% | -8.3% |
% Hispanic | 12.1% | -12.9% |
% Asian | 2.3% | 91.7% |
% Foreign Born | 26.5% | 0.8% |
Mortgage and Risk — East Orange, NJ
According to HUD data as of 2023, there were 315 mortgage originations in East Orange, NJ, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in East Orange, NJ. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 315 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — East Orange, NJ
As of 2024, the percent of homes in East Orange, NJ under the Section 8 program is 21.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in East Orange, NJ, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,425 |
Total Units Section 8 | 2,359 |
% Rentals under Section 8 | 21.7% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,580 | $1,590 |
| 2 Bedroom | -$80 | $2,000 | $1,920 |
| 3 Bedroom | $20 | $2,400 | $2,420 |
| 4 Bedroom | -$100 | $2,850 | $2,750 |
Affordability — East Orange, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $481,000 |
| Median Household Income | $61,600 |