Belleville, NJ—07109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belleville, NJ
As of Oct '25, the median home price in Belleville, NJ is $503,000, with a year-over-year change of 3.6%. This indicates that home prices in Belleville, 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 | $503,000 | 3.7% |
| Single Family | $523,000 | 3.4% |
| Condos | $320,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $241,000 | 2.1% |
2 Bed | $403,000 | 3.1% |
3 Bed | $539,000 | 4.3% |
4 Bed | $580,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belleville, NJ
As of July '25, Rentcast reports the average rent in Belleville, NJ is $2,150, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Belleville, NJ is studios: $1,380, 1-bedrooms: $1,910, 2-bedrooms: $2,290, 3-bedrooms: $2,720, 4-bedrooms: $3,500. The most common rental property sizes in Belleville, NJ are 2-bedroom and 1-bedroom, accounting for 39.1% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,150 |
| Studio Rent | $1,250 | $1,380 |
| 1 Bed Rent | $1,900 | $1,910 |
| 2 Bed Rent | $2,300 | $2,290 |
| 3 Bed Rent | $2,600 | $2,720 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Belleville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Belleville, NJ is 35. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 18.0% |
Listing Count | 56 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 35 | 2.0% |
Demographics — Belleville, NJ
As of the latest ACS Survey released in 2023, Belleville, NJ has a population of 37,800, which has increased by 4.9% over the past 5 years. Belleville, NJ is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | 4.9% |
% Under 18 | 19.7% | -5.7% |
% Seniors | 14.5% | 18.9% |
% WFH | 6.2% | 313.3% |
% w/ College Degree | 31.3% | 13.0% |
As of the latest ACS Survey released in 2023, Belleville, NJ is a predominantly hispanic area, with 53.0% of the population identifying as hispanic. The hispanic population has grown by 15.7% in the last 5 years. The second most common race or ethnicity in Belleville, NJ is white, making up 29.9% of the population. Foreign-born residents account for 36.9% of the population in Belleville, NJ, and this percentage has increased by 25.5% 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 | 29.9% | -0.7% |
% Black | 6.3% | -44.2% |
% Hispanic | 53.0% | 15.7% |
% Asian | 8.8% | -19.3% |
% Foreign Born | 36.9% | 25.5% |
Mortgage and Risk — Belleville, NJ
According to HUD data as of 2023, there were 356 mortgage originations in Belleville, NJ, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Belleville, NJ. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 356 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Belleville, NJ
As of 2024, the percent of homes in Belleville, NJ under the Section 8 program is 1.7%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Belleville, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 112 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,900 | $1,810 |
| 2 Bedroom | -$110 | $2,300 | $2,190 |
| 3 Bedroom | $160 | $2,600 | $2,760 |
| 4 Bedroom | -$360 | $3,500 | $3,140 |
Affordability — Belleville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $503,000 |
| Median Household Income | $90,200 |