Kearny, NJ—07032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kearny, NJ
As of Oct '25, the median home price in Kearny, NJ is $573,000, with a year-over-year change of 5.1%. This indicates that home prices in Kearny, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $573,000 | 5.1% |
| Single Family | $582,000 | 4.5% |
| Condos | $362,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $442,000 | 1.6% |
3 Bed | $554,000 | 2.0% |
4 Bed | $645,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kearny, NJ
As of July '25, Rentcast reports the average rent in Kearny, NJ is $2,380, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Kearny, NJ is studios: $1,440, 1-bedrooms: $1,680, 2-bedrooms: $2,330, 3-bedrooms: $2,730, 4-bedrooms: $4,200. The most common rental property sizes in Kearny, NJ are 2-bedroom and 1-bedroom, accounting for 44.1% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,380 |
| Studio Rent | $1,200 | $1,440 |
| 1 Bed Rent | $1,600 | $1,680 |
| 2 Bed Rent | $2,300 | $2,330 |
| 3 Bed Rent | $2,700 | $2,730 |
| 4 Bed Rent | $4,350 | $4,200 |
% of Rental Stock
Property Listings — Kearny, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Kearny, NJ is 35. This is a decrease of -13.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $544,000 | 2.0% |
Listing Count | 38 | -6.0% |
| Listings as % of Homes | 0.1% | -6.0% |
Days on Market | 35 | -13.0% |
Demographics — Kearny, NJ
As of the latest ACS Survey released in 2023, Kearny, NJ has a population of 40,600, which has decreased by -2.3% over the past 5 years. Kearny, NJ is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,600 | -2.3% |
% Under 18 | 20.2% | -5.2% |
% Seniors | 14.0% | 8.5% |
% WFH | 5.3% | 231.2% |
% w/ College Degree | 29.4% | 12.2% |
As of the latest ACS Survey released in 2023, Kearny, NJ is a predominantly hispanic area, with 50.9% of the population identifying as hispanic. The hispanic population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Kearny, NJ is white, making up 33.5% of the population. Foreign-born residents account for 44.8% of the population in Kearny, NJ, and this percentage has increased by 3.0% 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 | 33.5% | -14.5% |
% Black | 5.8% | 26.1% |
% Hispanic | 50.9% | 1.6% |
% Asian | 3.6% | -23.4% |
% Foreign Born | 44.8% | 3.0% |
Mortgage and Risk — Kearny, NJ
According to HUD data as of 2023, there were 232 mortgage originations in Kearny, NJ, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Kearny, NJ. Investor activity is low, as 6.0% 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 | 232 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Kearny, NJ
As of 2024, the percent of homes in Kearny, NJ under the Section 8 program is 0.8%. 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 Kearny, 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 | 200 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,600 | $1,770 |
| 2 Bedroom | -$300 | $2,300 | $2,000 |
| 3 Bedroom | -$240 | $2,700 | $2,460 |
| 4 Bedroom | -$1,550 | $4,350 | $2,800 |
Affordability — Kearny, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $573,000 |
| Median Household Income | $83,200 |