Clark, NJ—07066
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clark, NJ
As of Oct '25, the median home price in Clark, NJ is $707,000, with a year-over-year change of 2.8%. This indicates that home prices in Clark, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $707,000 | 2.8% |
| Single Family | $717,000 | 1.7% |
| Condos | $423,000 | -0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $513,000 | 2.6% |
3 Bed | $686,000 | 2.1% |
4 Bed | $821,000 | 1.9% |
| 5 Bed | $1,051,000 | 1.1% |
% of Housing Stock
Rental Trends — Clark, NJ
As of July '25, Rentcast reports the average rent in Clark, NJ is $3,240, with a year-over-year rent change of 12.5%. Per bedroom, the median rent as of July '25 in Clark, NJ is 1-bedrooms: $2,160, 2-bedrooms: $3,250, 3-bedrooms: $3,850, 4-bedrooms: $5,000. The most common rental property sizes in Clark, NJ are 1-bedroom and 2-bedroom, accounting for 46.0% and 38.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,050 | $3,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,880 | $2,160 |
| 2 Bed Rent | $2,930 | $3,250 |
| 3 Bed Rent | $3,800 | $3,850 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Clark, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Clark, NJ is 30. This is a increase of 23.0% 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 | $744,000 | 12.0% |
Listing Count | 36 | 24.0% |
| Listings as % of Homes | 0.4% | 24.0% |
Days on Market | 30 | 23.0% |
Demographics — Clark, NJ
As of the latest ACS Survey released in 2023, Clark, NJ has a population of 15,400, which has decreased by -1.2% over the past 5 years. Clark, NJ is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -1.2% |
% Under 18 | 21.6% | 17.4% |
% Seniors | 22.6% | 9.2% |
% WFH | 15.6% | 940.0% |
% w/ College Degree | 46.4% | 12.6% |
As of the latest ACS Survey released in 2023, Clark, NJ is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Clark, NJ is hispanic, making up 9.4% of the population. Foreign-born residents account for 13.6% of the population in Clark, NJ, and this percentage has decreased by 18.1% 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 | 82.6% | 3.9% |
% Black | 2.2% | 57.1% |
% Hispanic | 9.4% | -33.3% |
% Asian | 3.9% | -11.4% |
% Foreign Born | 13.6% | -18.1% |
Mortgage and Risk — Clark, NJ
According to HUD data as of 2023, there were 237 mortgage originations in Clark, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Clark, NJ. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 237 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Clark, NJ
As of 2024, the percent of homes in Clark, NJ under the Section 8 program is 1.0%. 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 Clark, 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 | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,880 | $1,870 |
| 2 Bedroom | -$670 | $2,930 | $2,260 |
| 3 Bedroom | -$950 | $3,800 | $2,850 |
| 4 Bedroom | -$1,760 | $5,000 | $3,240 |
Affordability — Clark, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $707,000 |
| Median Household Income | $123,000 |