West New York, NJ—07093
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West New York, NJ
As of Oct '25, the median home price in West New York, NJ is $416,000, with a year-over-year change of 0.9%. This indicates that home prices in West New York, NJ are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | 0.9% |
| Single Family | $575,000 | -1.2% |
| Condos | $344,000 | -3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $296,000 | -1.7% |
2 Bed | $442,000 | 0.0% |
3 Bed | $620,000 | -1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West New York, NJ
As of July '25, Rentcast reports the average rent in West New York, NJ is $3,130, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in West New York, NJ is studios: $2,240, 1-bedrooms: $2,330, 2-bedrooms: $3,360, 3-bedrooms: $4,440, 4-bedrooms: $4,300. The most common rental property sizes in West New York, NJ are 1-bedroom and 2-bedroom, accounting for 36.5% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $3,130 |
| Studio Rent | $2,000 | $2,240 |
| 1 Bed Rent | $2,300 | $2,330 |
| 2 Bed Rent | $3,000 | $3,360 |
| 3 Bed Rent | $3,950 | $4,440 |
| 4 Bed Rent | $4,500 | $4,300 |
% of Rental Stock
Property Listings — West New York, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in West New York, NJ is 65. This is a decrease of -3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 8.0% |
Listing Count | 181 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 65 | -3.0% |
Demographics — West New York, NJ
As of the latest ACS Survey released in 2023, West New York, NJ has a population of 63,300, which has remained stable by -0.9% over the past 5 years. West New York, NJ is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,300 | -0.9% |
% Under 18 | 19.8% | -2.0% |
% Seniors | 13.2% | 4.8% |
% WFH | 13.4% | 570.0% |
% w/ College Degree | 35.3% | 18.5% |
As of the latest ACS Survey released in 2023, West New York, NJ is a predominantly hispanic area, with 75.0% of the population identifying as hispanic. The hispanic population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in West New York, NJ is white, making up 14.6% of the population. Foreign-born residents account for 57.7% of the population in West New York, NJ, and this percentage has decreased by 2.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 14.6% | -8.8% |
% Black | 3.3% | -2.9% |
% Hispanic | 75.0% | 1.4% |
% Asian | 7.6% | 15.2% |
% Foreign Born | 57.7% | -2.9% |
Mortgage and Risk — West New York, NJ
According to HUD data as of 2023, there were 297 mortgage originations in West New York, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in West New York, NJ. Investor activity is low, as 11.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 297 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — West New York, NJ
As of 2024, the percent of homes in West New York, NJ under the Section 8 program is 11.0%. 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 West New York, 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 | 2,374 |
Total Units Section 8 | 2,125 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 97.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$470 | $2,300 | $1,830 |
| 2 Bedroom | -$930 | $3,000 | $2,070 |
| 3 Bedroom | -$1,380 | $3,950 | $2,570 |
| 4 Bedroom | -$1,630 | $4,500 | $2,870 |
Affordability — West New York, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $416,000 |
| Median Household Income | $70,400 |