North Bergen Township, NJ—07047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Bergen Township, NJ
As of Oct '25, the median home price in North Bergen Township, NJ is $615,000, with a year-over-year change of 5.7%. This indicates that home prices in North Bergen Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $615,000 | 5.7% |
| Single Family | $660,000 | 4.1% |
| Condos | $388,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | 4.7% |
2 Bed | $516,000 | 3.6% |
3 Bed | $641,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Bergen Township, NJ
As of July '25, Rentcast reports the average rent in North Bergen Township, NJ is $3,140, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in North Bergen Township, NJ is studios: $2,690, 1-bedrooms: $2,480, 2-bedrooms: $3,370, 3-bedrooms: $3,760, 4-bedrooms: $4,230. The most common rental property sizes in North Bergen Township, NJ are 2-bedroom and 1-bedroom, accounting for 36.8% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,140 |
| Studio Rent | $2,300 | $2,690 |
| 1 Bed Rent | $2,400 | $2,480 |
| 2 Bed Rent | $3,280 | $3,370 |
| 3 Bed Rent | $3,200 | $3,760 |
| 4 Bed Rent | $3,600 | $4,230 |
% of Rental Stock
Property Listings — North Bergen Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in North Bergen Township, NJ is 46. This is a decrease of -4.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $541,000 | 1.0% |
Listing Count | 127 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 46 | -4.0% |
Demographics — North Bergen Township, NJ
As of the latest ACS Survey released in 2023, North Bergen Township, NJ has a population of 61,200, which has decreased by -1.2% over the past 5 years. North Bergen Township, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,200 | -1.2% |
% Under 18 | 21.7% | 2.8% |
% Seniors | 17.3% | 21.0% |
% WFH | 9.2% | 318.2% |
% w/ College Degree | 32.0% | 15.1% |
As of the latest ACS Survey released in 2023, North Bergen Township, NJ is a predominantly hispanic area, with 68.6% of the population identifying as hispanic. The hispanic population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in North Bergen Township, NJ is white, making up 19.9% of the population. Foreign-born residents account for 50.3% of the population in North Bergen Township, 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 | 19.9% | 10.6% |
% Black | 4.2% | 13.5% |
% Hispanic | 68.6% | -3.2% |
% Asian | 6.7% | -4.3% |
% Foreign Born | 50.3% | 0.8% |
Mortgage and Risk — North Bergen Township, NJ
According to HUD data as of 2023, there were 397 mortgage originations in North Bergen Township, NJ, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in North Bergen Township, NJ. Investor activity is low, as 7.0% 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 | 397 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Bergen Township, NJ
As of 2024, the percent of homes in North Bergen Township, NJ under the Section 8 program is 10.2%. 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. In North Bergen Township, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 2,401 |
Total Units Section 8 | 1,415 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 89.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $2,400 | $2,120 |
| 2 Bedroom | -$880 | $3,280 | $2,400 |
| 3 Bedroom | -$250 | $3,200 | $2,950 |
| 4 Bedroom | -$240 | $3,600 | $3,360 |
Affordability — North Bergen Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $615,000 |
| Median Household Income | $75,500 |