Towaco, NJ—07082
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Towaco, NJ
As of Oct '25, the median home price in Towaco, NJ is $831,000, with a year-over-year change of 1.0%. This indicates that home prices in Towaco, 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 | $831,000 | 1.0% |
| Single Family | $845,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $553,000 | 2.8% |
3 Bed | $689,000 | 3.3% |
4 Bed | $915,000 | 3.7% |
| 5 Bed | $1,333,000 | 3.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Towaco, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Towaco, NJ is 26. This is a decrease of -16.0% 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 | $699,000 | -32.0% |
Listing Count | 21 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 26 | -16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Towaco, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $831,000 |
| Median Household Income | $194,000 |