Glen Ridge, NJ—07028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glen Ridge, NJ
As of Oct '25, the median home price in Glen Ridge, NJ is $1,073,000, with a year-over-year change of 2.0%. This indicates that home prices in Glen Ridge, NJ are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,073,000 | 2.0% |
| Single Family | $1,104,000 | 2.0% |
| Condos | $418,000 | 3.2% |
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 | $881,000 | 1.1% |
4 Bed | $1,118,000 | 1.7% |
| 5 Bed | $1,626,000 | 1.9% |
% of Housing Stock
Rental Trends — Glen Ridge, NJ
As of July '25, Rentcast reports the average rent in Glen Ridge, NJ is $4,270, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Glen Ridge, NJ is studios: $1,770, 1-bedrooms: $2,360, 3-bedrooms: $5,160, 4-bedrooms: $5,700. The most common rental property sizes in Glen Ridge, NJ are 1-bedroom and 2-bedroom, accounting for 42.5% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,900 | $4,270 |
| Studio Rent | $1,770 | $1,770 |
| 1 Bed Rent | $2,000 | $2,360 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $5,200 | $5,160 |
| 4 Bed Rent | $4,900 | $5,700 |
% of Rental Stock
Property Listings — Glen Ridge, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Glen Ridge, NJ is 20. This is a increase of 37.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $754,000 | 28.0% |
Listing Count | 16 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 20 | 37.0% |
Demographics — Glen Ridge, NJ
As of the latest ACS Survey released in 2023, Glen Ridge, NJ has a population of 8,000, which has increased by 4.1% over the past 5 years. Glen Ridge, NJ is a popular place for families, as children make up 29.0% of the population. The area has a highly educated workforce, with 82.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,000 | 4.1% |
% Under 18 | 29.0% | -10.8% |
% Seniors | 13.7% | 37.0% |
% WFH | 28.9% | 236.0% |
% w/ College Degree | 82.7% | 14.1% |
As of the latest ACS Survey released in 2023, Glen Ridge, NJ is a predominantly white area, with 72.1% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Glen Ridge, NJ is hispanic, making up 13.1% of the population. Foreign-born residents account for 9.8% of the population in Glen Ridge, NJ, and this percentage has decreased by 27.4% 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 | 72.1% | -1.4% |
% Black | 4.1% | -33.9% |
% Hispanic | 13.1% | 45.6% |
% Asian | 5.8% | 3.6% |
% Foreign Born | 9.8% | -27.4% |
Mortgage and Risk — Glen Ridge, NJ
According to HUD data as of 2023, there were 149 mortgage originations in Glen Ridge, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Glen Ridge, NJ. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Glen Ridge, NJ
Glen Ridge, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $2,000 | $2,240 |
| 2 Bedroom | N/A | N/A | $2,710 |
| 3 Bedroom | -$1,790 | $5,200 | $3,410 |
| 4 Bedroom | -$1,020 | $4,900 | $3,880 |
Affordability — Glen Ridge, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $1,073,000 |
| Median Household Income | $246,000 |