Towaco, NJ 07082 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Towaco, NJ—07082

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$825,000

1.3% YoY Growth

Household Income

$194,000

66.5% YoY Growth

Days on Market

5.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$3,500

12.4% YoY Growth

1-Bed Rent

$2,050

3.3% YoY Growth

2-Bed Rent

$3,500

16.7% YoY Growth

3-Bed Rent

$4,000

4.8% YoY Growth

Home Price Trends — Towaco, NJ

As of Dec '25, the median home price in Towaco, NJ is $825,000, with a year-over-year change of 1.3%. This indicates that home prices in Towaco, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$825,000	1.3%
Single Family	$840,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Towaco, NJ

As of July '25, Rentcast reports the average rent in Towaco, NJ is $3,260, with a year-over-year rent change of 12.4%. Per bedroom, the median rent as of July '25 in Towaco, NJ is 1-bedrooms: $2,220, 2-bedrooms: $3,500, 3-bedrooms: $4,000, 4-bedrooms: $4,100. The most common rental property sizes in Towaco, NJ are 3-bedroom and 2-bedroom, accounting for 43.7% and 35.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,500	$3,260
Studio Rent	N/A	N/A
1 Bed Rent	$2,050	$2,220
2 Bed Rent	$3,500	$3,500
3 Bed Rent	$4,000	$4,000
4 Bed Rent	$4,100	$4,100

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% of Rental Stock

1 Bedroom

10.7%

2 Bedrooms

35.9%

3 Bedrooms

43.7%

5+ Bedrooms

9.7%

Property Listings — Towaco, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Towaco, NJ is 44. This is a decrease of -32.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$749,000	-35.0%
Listing Count	19	51.0%
Listings as % of Homes	0.6%	51.0%
Days on Market	63	-5.0%

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Demographics — Towaco, NJ

As of the latest ACS Survey released in 2023, Towaco, NJ has a population of 5,690, which has increased by 9.6% over the past 5 years. Towaco, NJ is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 72.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,690	9.6%
% Under 18	21.8%	-11.7%
% Seniors	21.9%	54.2%
% WFH	22.0%	609.7%
% w/ College Degree	72.9%	22.9%

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As of the latest ACS Survey released in 2023, Towaco, NJ is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Towaco, NJ is asian, making up 14.6% of the population. Foreign-born residents account for 20.6% of the population in Towaco, NJ, and this percentage has increased by 40.1% 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	76.4%	-2.6%
% Black	2.4%	2,300.0%
% Hispanic	6.7%	-17.3%
% Asian	14.6%	21.7%
% Foreign Born	20.6%	40.1%

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Mortgage and Risk — Towaco, NJ

According to HUD data as of 2023, there were 83 mortgage originations in Towaco, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Towaco, NJ. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	83
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Towaco, NJ

As of 2024, the percent of homes in Towaco, 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Towaco, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$320	$2,050	$2,370
2 Bedroom	-$630	$3,500	$2,870
3 Bedroom	-$390	$4,000	$3,610
4 Bedroom	$10	$4,100	$4,110

Towaco, NJ—07082

Key Metrics at a Glance

Home Price Trends — Towaco, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Towaco, NJ

% of Rental Stock

Property Listings — Towaco, NJ

Demographics — Towaco, NJ

Race and Ethnicity

Mortgage and Risk — Towaco, NJ

Mortgages

Rentals and Section 8 — Towaco, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Towaco, NJ

Home Price to Income Ratio

Towaco, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Montville, NJ

Lincoln Park, NJ

Pequannock, NJ

Pompton Plains, NJ

Lake Hiawatha, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$825,000
Median Household Income	$194,000

Towaco, NJ—07082

Key Metrics at a Glance

Home Price Trends — Towaco, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Towaco, NJ

% of Rental Stock

Property Listings — Towaco, NJ

Demographics — Towaco, NJ

Race and Ethnicity

Mortgage and Risk — Towaco, NJ

Mortgages

Rentals and Section 8 — Towaco, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Towaco, NJ

Home Price to Income Ratio

Towaco, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Montville, NJ

Lincoln Park, NJ

Pequannock, NJ

Pompton Plains, NJ

Lake Hiawatha, NJ

Frequently Asked Questions

What is the average home price in Towaco, NJ 07082?

How have home prices in Towaco, NJ 07082 changed over the past year?

What is the home price projection for Towaco, NJ 07082?

What are the demographics of Towaco, NJ 07082?

How long does it take homes to sell in Towaco, NJ 07082?

What is the average rent price in Towaco, NJ 07082?