Wallington, NJ—07057
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wallington, NJ
As of Oct '25, the median home price in Wallington, NJ is $654,000, with a year-over-year change of 4.6%. This indicates that home prices in Wallington, NJ are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $654,000 | 4.6% |
| Single Family | $656,000 | 4.3% |
| Condos | N/A | N/A |
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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wallington, NJ
As of July '25, Rentcast reports the average rent in Wallington, NJ is $2,470, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Wallington, NJ is 1-bedrooms: $1,800, 2-bedrooms: $2,380, 3-bedrooms: $2,840, 4-bedrooms: $3,890. The most common rental property sizes in Wallington, NJ are 1-bedroom and 2-bedroom, accounting for 48.5% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,800 |
| 2 Bed Rent | $2,400 | $2,380 |
| 3 Bed Rent | $2,700 | $2,840 |
| 4 Bed Rent | $3,800 | $3,890 |
% of Rental Stock
Property Listings — Wallington, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Wallington, NJ is 27. This is a increase of 51.0% 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 | $561,000 | -13.0% |
Listing Count | 8 | -30.0% |
| Listings as % of Homes | 0.0% | -30.0% |
Days on Market | 27 | 51.0% |
Demographics — Wallington, NJ
As of the latest ACS Survey released in 2023, Wallington, NJ has a population of 11,800, which has increased by 2.1% over the past 5 years. Wallington, NJ is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 2.1% |
% Under 18 | 19.9% | 13.1% |
% Seniors | 15.5% | 3.3% |
% WFH | 4.7% | 213.3% |
% w/ College Degree | 36.9% | 21.0% |
As of the latest ACS Survey released in 2023, Wallington, NJ is a predominantly white area, with 69.6% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Wallington, NJ is hispanic, making up 19.7% of the population. Foreign-born residents account for 42.6% of the population in Wallington, NJ, and this percentage has decreased by 4.5% 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 | 69.6% | -7.7% |
% Black | 4.4% | 10.0% |
% Hispanic | 19.7% | 45.9% |
% Asian | 3.6% | -50.0% |
% Foreign Born | 42.6% | -4.5% |
Mortgage and Risk — Wallington, NJ
According to HUD data as of 2023, there were 78 mortgage originations in Wallington, NJ, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Wallington, NJ. Investor activity is low, as 8.0% 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 | 78 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Wallington, NJ
As of 2024, the percent of homes in Wallington, NJ under the Section 8 program is 1.5%. 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 Wallington, 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 | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,850 | $1,550 |
| 2 Bedroom | -$620 | $2,400 | $1,780 |
| 3 Bedroom | -$510 | $2,700 | $2,190 |
| 4 Bedroom | -$1,030 | $3,800 | $2,770 |
Affordability — Wallington, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $654,000 |
| Median Household Income | $82,400 |