Warren Township, NJ—07059
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Warren Township, NJ
As of Oct '25, the median home price in Warren Township, NJ is $1,100,000, with a year-over-year change of 4.0%. This indicates that home prices in Warren Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,100,000 | 4.0% |
| Single Family | $1,108,000 | 3.6% |
| 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 | $851,000 | 3.4% |
4 Bed | $1,114,000 | 5.4% |
| 5 Bed | $1,588,000 | 5.4% |
% of Housing Stock
Rental Trends — Warren Township, NJ
As of July '25, Rentcast reports the average rent in Warren Township, NJ is $4,270, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Warren Township, NJ is 1-bedrooms: $2,790, 2-bedrooms: $3,950, 3-bedrooms: $4,640, 4-bedrooms: $5,850. The most common rental property sizes in Warren Township, NJ are 3-bedroom and 2-bedroom, accounting for 42.0% and 38.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,800 | $2,790 |
| 2 Bed Rent | $4,000 | $3,950 |
| 3 Bed Rent | $4,500 | $4,640 |
| 4 Bed Rent | $5,900 | $5,850 |
% of Rental Stock
Property Listings — Warren Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Warren Township, NJ is 41. This is a increase of 11.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,370,000 | 11.0% |
Listing Count | 62 | 11.0% |
| Listings as % of Homes | 0.9% | 11.0% |
Days on Market | 41 | 11.0% |
Demographics — Warren Township, NJ
As of the latest ACS Survey released in 2023, Warren Township, NJ has a population of 16,400, which has increased by 4.1% over the past 5 years. Warren Township, NJ is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 68.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 4.1% |
% Under 18 | 23.5% | 2.6% |
% Seniors | 17.6% | -1.7% |
% WFH | 31.2% | 254.5% |
% w/ College Degree | 68.1% | 4.4% |
As of the latest ACS Survey released in 2023, Warren Township, NJ is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Warren Township, NJ is asian, making up 18.4% of the population. Foreign-born residents account for 21.9% of the population in Warren Township, NJ, and this percentage has decreased by 6.4% 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 | 66.7% | -8.9% |
% Black | 3.2% | 255.6% |
% Hispanic | 6.8% | 23.6% |
% Asian | 18.4% | 0.5% |
% Foreign Born | 21.9% | -6.4% |
Mortgage and Risk — Warren Township, NJ
According to HUD data as of 2023, there were 317 mortgage originations in Warren Township, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Warren Township, NJ. Investor activity is low, as 1.0% 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 | 317 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Warren Township, NJ
As of 2024, the percent of homes in Warren Township, NJ under the Section 8 program is 4.1%. 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 Warren 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 | 35 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$720 | $2,800 | $2,080 |
| 2 Bedroom | -$1,380 | $4,000 | $2,620 |
| 3 Bedroom | -$1,340 | $4,500 | $3,160 |
| 4 Bedroom | -$2,430 | $5,900 | $3,470 |
Affordability — Warren Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $1,100,000 |
| Median Household Income | $202,000 |