West Orange, NJ—07052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Orange, NJ
As of Oct '25, the median home price in West Orange, NJ is $659,000, with a year-over-year change of 2.6%. This indicates that home prices in West Orange, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $659,000 | 2.6% |
| Single Family | $677,000 | 2.7% |
| Condos | $551,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $293,000 | 4.3% |
2 Bed | $501,000 | 1.8% |
3 Bed | $650,000 | 3.8% |
4 Bed | $790,000 | 3.8% |
| 5 Bed | $1,026,000 | 3.7% |
% of Housing Stock
Rental Trends — West Orange, NJ
As of July '25, Rentcast reports the average rent in West Orange, NJ is $2,920, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in West Orange, NJ is studios: $2,220, 1-bedrooms: $1,960, 2-bedrooms: $2,630, 3-bedrooms: $3,440, 4-bedrooms: $4,090. The most common rental property sizes in West Orange, NJ are 1-bedroom and 2-bedroom, accounting for 34.5% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,920 |
| Studio Rent | $2,220 | $2,220 |
| 1 Bed Rent | $1,980 | $1,960 |
| 2 Bed Rent | $2,380 | $2,630 |
| 3 Bed Rent | $3,200 | $3,440 |
| 4 Bed Rent | $4,300 | $4,090 |
% of Rental Stock
Property Listings — West Orange, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in West Orange, NJ is 32. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $660,000 | 4.0% |
Listing Count | 103 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 32 | 1.0% |
Demographics — West Orange, NJ
As of the latest ACS Survey released in 2023, West Orange, NJ has a population of 48,300, which has increased by 2.4% over the past 5 years. West Orange, NJ is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 53.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,300 | 2.4% |
% Under 18 | 21.4% | 3.4% |
% Seniors | 18.6% | 2.2% |
% WFH | 19.9% | 261.8% |
% w/ College Degree | 53.0% | 3.7% |
As of the latest ACS Survey released in 2023, West Orange, NJ is a predominantly white area, with 41.9% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in West Orange, NJ is black, making up 26.8% of the population. Foreign-born residents account for 27.7% of the population in West Orange, NJ, and this percentage has decreased by 8.0% 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 | 41.9% | -3.2% |
% Black | 26.8% | -3.2% |
% Hispanic | 21.8% | 11.8% |
% Asian | 5.3% | -32.1% |
% Foreign Born | 27.7% | -8.0% |
Mortgage and Risk — West Orange, NJ
According to HUD data as of 2023, there were 761 mortgage originations in West Orange, NJ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in West Orange, NJ. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 761 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — West Orange, NJ
As of 2024, the percent of homes in West Orange, NJ under the Section 8 program is 10.6%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in West Orange, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 617 |
Total Units Section 8 | 556 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 93.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,980 | $2,080 |
| 2 Bedroom | $140 | $2,380 | $2,520 |
| 3 Bedroom | -$30 | $3,200 | $3,170 |
| 4 Bedroom | -$690 | $4,300 | $3,610 |
Affordability — West Orange, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $659,000 |
| Median Household Income | $131,000 |