Nutley, NJ—07110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nutley, NJ
As of Oct '25, the median home price in Nutley, NJ is $643,000, with a year-over-year change of 4.4%. This indicates that home prices in Nutley, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $643,000 | 4.4% |
| Single Family | $654,000 | 3.6% |
| Condos | $386,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 5.0% |
2 Bed | $595,000 | 6.1% |
3 Bed | $654,000 | 4.0% |
4 Bed | $769,000 | 4.5% |
| 5 Bed | $949,000 | 4.6% |
% of Housing Stock
Rental Trends — Nutley, NJ
As of July '25, Rentcast reports the average rent in Nutley, NJ is $2,720, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Nutley, NJ is studios: $1,480, 1-bedrooms: $1,860, 2-bedrooms: $2,850, 3-bedrooms: $3,650, 4-bedrooms: $3,980. The most common rental property sizes in Nutley, NJ are 1-bedroom and 2-bedroom, accounting for 41.9% and 41.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,720 |
| Studio Rent | $1,400 | $1,480 |
| 1 Bed Rent | $1,900 | $1,860 |
| 2 Bed Rent | $2,500 | $2,850 |
| 3 Bed Rent | $3,500 | $3,650 |
| 4 Bed Rent | $3,800 | $3,980 |
% of Rental Stock
Property Listings — Nutley, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Nutley, NJ is 32. This is a increase of 14.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $663,000 | 4.0% |
Listing Count | 56 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 32 | 14.0% |
Demographics — Nutley, NJ
As of the latest ACS Survey released in 2023, Nutley, NJ has a population of 29,700, which has increased by 4.6% over the past 5 years. Nutley, NJ is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | 4.6% |
% Under 18 | 20.9% | 1.5% |
% Seniors | 16.6% | -1.8% |
% WFH | 20.4% | 397.6% |
% w/ College Degree | 50.2% | 6.6% |
As of the latest ACS Survey released in 2023, Nutley, NJ is a predominantly white area, with 58.2% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Nutley, NJ is hispanic, making up 24.7% of the population. Foreign-born residents account for 22.1% of the population in Nutley, NJ, and this percentage has increased by 13.9% 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 | 58.2% | -14.4% |
% Black | 2.8% | 0.0% |
% Hispanic | 24.7% | 51.5% |
% Asian | 11.1% | 1.8% |
% Foreign Born | 22.1% | 13.9% |
Mortgage and Risk — Nutley, NJ
According to HUD data as of 2023, there were 461 mortgage originations in Nutley, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Nutley, NJ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 461 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Nutley, NJ
As of 2024, the percent of homes in Nutley, NJ under the Section 8 program is 4.2%. 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 Nutley, 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 | 227 |
Total Units Section 8 | 152 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 98.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,900 | $1,830 |
| 2 Bedroom | -$280 | $2,500 | $2,220 |
| 3 Bedroom | -$700 | $3,500 | $2,800 |
| 4 Bedroom | -$620 | $3,800 | $3,180 |
Affordability — Nutley, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $643,000 |
| Median Household Income | $115,000 |