Rutherford, NJ—07070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rutherford, NJ
As of Oct '25, the median home price in Rutherford, NJ is $715,000, with a year-over-year change of 5.4%. This indicates that home prices in Rutherford, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $715,000 | 5.4% |
| Single Family | $739,000 | 4.8% |
| Condos | $323,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $292,000 | 4.3% |
2 Bed | $465,000 | 4.5% |
3 Bed | $726,000 | 5.1% |
4 Bed | $836,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rutherford, NJ
As of July '25, Rentcast reports the average rent in Rutherford, NJ is $2,690, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Rutherford, NJ is studios: $1,360, 1-bedrooms: $1,970, 2-bedrooms: $2,730, 3-bedrooms: $3,220, 4-bedrooms: $3,940. The most common rental property sizes in Rutherford, NJ are 2-bedroom and 1-bedroom, accounting for 38.8% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,690 |
| Studio Rent | $1,350 | $1,360 |
| 1 Bed Rent | $1,950 | $1,970 |
| 2 Bed Rent | $2,600 | $2,730 |
| 3 Bed Rent | $3,200 | $3,220 |
| 4 Bed Rent | $3,650 | $3,940 |
% of Rental Stock
Property Listings — Rutherford, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Rutherford, NJ is 25. This is a decrease of -6.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $842,000 | 15.0% |
Listing Count | 36 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 25 | -6.0% |
Demographics — Rutherford, NJ
As of the latest ACS Survey released in 2023, Rutherford, NJ has a population of 18,700, which has increased by 1.7% over the past 5 years. Rutherford, NJ is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 58.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 1.7% |
% Under 18 | 19.0% | -10.0% |
% Seniors | 15.7% | 16.3% |
% WFH | 20.2% | 405.0% |
% w/ College Degree | 58.8% | 9.1% |
As of the latest ACS Survey released in 2023, Rutherford, NJ is a predominantly white area, with 57.5% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Rutherford, NJ is hispanic, making up 21.7% of the population. Foreign-born residents account for 25.2% of the population in Rutherford, NJ, and this percentage has increased by 1.6% 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 | 57.5% | -6.8% |
% Black | 3.3% | 57.1% |
% Hispanic | 21.7% | 24.7% |
% Asian | 14.8% | -9.2% |
% Foreign Born | 25.2% | 1.6% |
Mortgage and Risk — Rutherford, NJ
According to HUD data as of 2023, there were 201 mortgage originations in Rutherford, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Rutherford, NJ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Rutherford, NJ
As of 2024, the percent of homes in Rutherford, NJ under the Section 8 program is 3.8%. 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 Rutherford, 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 | 95 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,950 | $1,830 |
| 2 Bedroom | -$500 | $2,600 | $2,100 |
| 3 Bedroom | -$620 | $3,200 | $2,580 |
| 4 Bedroom | -$380 | $3,650 | $3,270 |
Affordability — Rutherford, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $715,000 |
| Median Household Income | $136,000 |