Wood Ridge, NJ—07075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wood Ridge, NJ
As of Oct '25, the median home price in Wood Ridge, NJ is $671,000, with a year-over-year change of 3.4%. This indicates that home prices in Wood Ridge, 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 | $671,000 | 3.4% |
| Single Family | $676,000 | 3.0% |
| Condos | $601,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $573,000 | 4.2% |
3 Bed | $699,000 | 4.0% |
4 Bed | $820,000 | 6.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wood Ridge, NJ
As of July '25, Rentcast reports the average rent in Wood Ridge, NJ is $3,740, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Wood Ridge, NJ is studios: $2,200, 1-bedrooms: $2,130, 2-bedrooms: $3,070, 3-bedrooms: $4,530, 4-bedrooms: $4,620. The most common rental property sizes in Wood Ridge, NJ are 1-bedroom and 2-bedroom, accounting for 50.9% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $3,740 |
| Studio Rent | $2,050 | $2,200 |
| 1 Bed Rent | $2,000 | $2,130 |
| 2 Bed Rent | $3,150 | $3,070 |
| 3 Bed Rent | $4,650 | $4,530 |
| 4 Bed Rent | $4,600 | $4,620 |
% of Rental Stock
Property Listings — Wood Ridge, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Wood Ridge, NJ is 23. This is a decrease of -2.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $812,000 | 15.0% |
Listing Count | 25 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 23 | -2.0% |
Demographics — Wood Ridge, NJ
As of the latest ACS Survey released in 2023, Wood Ridge, NJ has a population of 10,100, which has increased by 18.6% over the past 5 years. Wood Ridge, NJ is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | 18.6% |
% Under 18 | 18.6% | -4.1% |
% Seniors | 15.5% | 6.9% |
% WFH | 12.9% | 290.9% |
% w/ College Degree | 53.5% | 28.6% |
As of the latest ACS Survey released in 2023, Wood Ridge, NJ is a predominantly white area, with 53.3% of the population identifying as white. The white population has shrunk by 22.3% in the last 5 years. The second most common race or ethnicity in Wood Ridge, NJ is asian, making up 21.6% of the population. Foreign-born residents account for 26.6% of the population in Wood Ridge, NJ, and this percentage has increased by 36.4% 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 | 53.3% | -22.3% |
% Black | 4.5% | 45.2% |
% Hispanic | 18.8% | 40.3% |
% Asian | 21.6% | 81.5% |
% Foreign Born | 26.6% | 36.4% |
Mortgage and Risk — Wood Ridge, NJ
According to HUD data as of 2023, there were 137 mortgage originations in Wood Ridge, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Wood Ridge, NJ. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Wood Ridge, NJ
As of 2024, the percent of homes in Wood Ridge, NJ under the Section 8 program is 5.0%. 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 Wood Ridge, 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 | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,000 | $1,960 |
| 2 Bedroom | -$900 | $3,150 | $2,250 |
| 3 Bedroom | -$1,880 | $4,650 | $2,770 |
| 4 Bedroom | -$1,100 | $4,600 | $3,500 |
Affordability — Wood Ridge, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $671,000 |
| Median Household Income | $131,000 |