Watchung, NJ—07069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watchung, NJ
As of Oct '25, the median home price in Watchung, NJ is $1,045,000, with a year-over-year change of 3.0%. This indicates that home prices in Watchung, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,045,000 | 3.0% |
| Single Family | $1,058,000 | 2.8% |
| 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 | $856,000 | 3.8% |
4 Bed | $1,077,000 | 4.4% |
| 5 Bed | $1,510,000 | 5.4% |
% of Housing Stock
Rental Trends — Watchung, NJ
As of July '25, Rentcast reports the average rent in Watchung, NJ is $4,600, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Watchung, NJ is 3-bedrooms: $3,860, 4-bedrooms: $5,500. The most common rental property sizes in Watchung, NJ are 2-bedroom and studio, accounting for 71.0% and 15.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $4,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,980 | $3,860 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — Watchung, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Watchung, NJ is 40. This is a decrease of -7.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $972,000 | 3.0% |
Listing Count | 23 | -23.0% |
| Listings as % of Homes | 0.6% | -23.0% |
Days on Market | 40 | -7.0% |
Demographics — Watchung, NJ
As of the latest ACS Survey released in 2023, Watchung, NJ has a population of 6,540, which has increased by 9.4% over the past 5 years. Watchung, NJ is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,540 | 9.4% |
% Under 18 | 20.8% | -5.9% |
% Seniors | 28.6% | 23.3% |
% WFH | 27.4% | 682.9% |
% w/ College Degree | 62.5% | 16.2% |
As of the latest ACS Survey released in 2023, Watchung, NJ is a predominantly white area, with 73.3% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Watchung, NJ is asian, making up 11.7% of the population. Foreign-born residents account for 24.0% of the population in Watchung, NJ, and this percentage has increased by 53.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.3% | 0.0% |
% Black | 1.3% | 30.0% |
% Hispanic | 8.7% | -17.1% |
% Asian | 11.7% | -21.5% |
% Foreign Born | 24.0% | 53.8% |
Mortgage and Risk — Watchung, NJ
According to HUD data as of 2023, there were 95 mortgage originations in Watchung, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Watchung, NJ. Investor activity is low, as 2.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — Watchung, NJ
Watchung, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,390 |
| 2 Bedroom | N/A | N/A | $3,000 |
| 3 Bedroom | -$360 | $3,980 | $3,620 |
| 4 Bedroom | -$1,520 | $5,500 | $3,980 |
Affordability — Watchung, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $1,045,000 |
| Median Household Income | $167,000 |