Wallington, NJ 07057 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wallington, NJ—07057

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$643,000

4.5% YoY Growth

Household Income

$82,400

26.4% YoY Growth

Days on Market

45.0% Shorter YoY

Home Price Forecast

3.3%

Median Rent

$2,500

0.0% YoY Growth

1-Bed Rent

$1,850

9.8% YoY Growth

2-Bed Rent

$2,400

0.8% YoY Growth

3-Bed Rent

$2,700

5.0% YoY Growth

Home Price Trends — Wallington, NJ

As of Dec '25, the median home price in Wallington, NJ is $643,000, with a year-over-year change of 4.5%. This indicates that home prices in Wallington, NJ are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$643,000	4.5%
Single Family	$645,000	5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.3%

1 Bedroom

48.5%

2 Bedrooms

39.6%

3 Bedrooms

6.1%

5+ Bedrooms

0.5%

Property Listings — Wallington, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Wallington, NJ is 19. This is a decrease of -5.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$565,000	-11.0%
Listing Count	14	131.0%
Listings as % of Homes	0.0%	131.0%
Days on Market	49	-45.0%

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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%

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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%

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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%

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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

Wallington, NJ—07057

Key Metrics at a Glance

Home Price Trends — Wallington, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallington, NJ

% of Rental Stock

Property Listings — Wallington, NJ

Demographics — Wallington, NJ

Race and Ethnicity

Mortgage and Risk — Wallington, NJ

Mortgages

Rentals and Section 8 — Wallington, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallington, NJ

Home Price to Income Ratio

Wallington, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Wood Ridge, NJ

Passaic, NJ

Garfield, NJ

Rutherford, NJ

Hasbrouck Heights, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.6
Median Home Price	$643,000
Median Household Income	$82,400

Wallington, NJ—07057

Key Metrics at a Glance

Home Price Trends — Wallington, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallington, NJ

% of Rental Stock

Property Listings — Wallington, NJ

Demographics — Wallington, NJ

Race and Ethnicity

Mortgage and Risk — Wallington, NJ

Mortgages

Rentals and Section 8 — Wallington, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallington, NJ

Home Price to Income Ratio

Wallington, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Wood Ridge, NJ

Passaic, NJ

Garfield, NJ

Rutherford, NJ

Hasbrouck Heights, NJ

Frequently Asked Questions

What is the average home price in Wallington, NJ 07057?

How have home prices in Wallington, NJ 07057 changed over the past year?

What is the home price projection for Wallington, NJ 07057?

What are the demographics of Wallington, NJ 07057?

How long does it take homes to sell in Wallington, NJ 07057?

What is the average rent price in Wallington, NJ 07057?