Irvington, NJ—07111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irvington, NJ
As of Oct '25, the median home price in Irvington, NJ is $407,000, with a year-over-year change of -0.7%. This indicates that home prices in Irvington, NJ are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | -0.7% |
| Single Family | $414,000 | -0.7% |
| Condos | $251,000 | 13.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $351,000 | -2.0% |
3 Bed | $423,000 | 2.4% |
4 Bed | $461,000 | 2.0% |
| 5 Bed | $526,000 | 2.1% |
% of Housing Stock
Rental Trends — Irvington, NJ
As of July '25, Rentcast reports the average rent in Irvington, NJ is $1,990, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Irvington, NJ is studios: $1,330, 1-bedrooms: $1,550, 2-bedrooms: $1,960, 3-bedrooms: $2,310, 4-bedrooms: $2,600. The most common rental property sizes in Irvington, NJ are 1-bedroom and 2-bedroom, accounting for 36.2% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,990 |
| Studio Rent | $1,200 | $1,330 |
| 1 Bed Rent | $1,520 | $1,550 |
| 2 Bed Rent | $1,900 | $1,960 |
| 3 Bed Rent | $2,300 | $2,310 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Irvington, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Irvington, NJ is 33. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 14.0% |
Listing Count | 64 | -1.0% |
| Listings as % of Homes | 0.3% | -1.0% |
Days on Market | 33 | -1.0% |
Demographics — Irvington, NJ
As of the latest ACS Survey released in 2023, Irvington, NJ has a population of 60,300, which has increased by 11.7% over the past 5 years. Irvington, NJ is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,300 | 11.7% |
% Under 18 | 23.1% | -4.5% |
% Seniors | 12.4% | 5.1% |
% WFH | 6.7% | 139.3% |
% w/ College Degree | 22.3% | 28.2% |
As of the latest ACS Survey released in 2023, Irvington, NJ is a predominantly black area, with 78.7% of the population identifying as black. The black population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Irvington, NJ is hispanic, making up 13.3% of the population. Foreign-born residents account for 36.5% of the population in Irvington, NJ, and this percentage has increased by 8.0% 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 | 2.3% | 0.0% |
% Black | 78.7% | -9.3% |
% Hispanic | 13.3% | 43.0% |
% Asian | 0.7% | -58.8% |
% Foreign Born | 36.5% | 8.0% |
Mortgage and Risk — Irvington, NJ
According to HUD data as of 2023, there were 387 mortgage originations in Irvington, NJ, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Irvington, NJ. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 387 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Irvington, NJ
As of 2024, the percent of homes in Irvington, NJ under the Section 8 program is 8.7%. 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. In Irvington, 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 | 1,828 |
Total Units Section 8 | 1,387 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,520 | $1,490 |
| 2 Bedroom | -$100 | $1,900 | $1,800 |
| 3 Bedroom | -$30 | $2,300 | $2,270 |
| 4 Bedroom | -$20 | $2,600 | $2,580 |
Affordability — Irvington, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $407,000 |
| Median Household Income | $59,200 |