Kinnelon, NJ—07405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kinnelon, NJ
As of Oct '25, the median home price in Kinnelon, NJ is $661,000, with a year-over-year change of 2.9%. This indicates that home prices in Kinnelon, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $661,000 | 3.0% |
| Single Family | $677,000 | 2.9% |
| Condos | $410,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $442,000 | 3.8% |
3 Bed | $612,000 | 4.1% |
4 Bed | $814,000 | 3.8% |
| 5 Bed | $1,160,000 | 5.0% |
% of Housing Stock
Rental Trends — Kinnelon, NJ
As of July '25, Rentcast reports the average rent in Kinnelon, NJ is $3,090, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Kinnelon, NJ is studios: $1,700, 1-bedrooms: $1,690, 2-bedrooms: $2,850, 3-bedrooms: $3,580. The most common rental property sizes in Kinnelon, NJ are 2-bedroom and 1-bedroom, accounting for 45.5% and 38.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,090 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $1,520 | $1,690 |
| 2 Bed Rent | $2,500 | $2,850 |
| 3 Bed Rent | $3,400 | $3,580 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kinnelon, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Kinnelon, NJ is 38. This is a decrease of -11.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $757,000 | -3.0% |
Listing Count | 52 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 38 | -11.0% |
Demographics — Kinnelon, NJ
As of the latest ACS Survey released in 2023, Kinnelon, NJ has a population of 17,900, which has increased by 1.4% over the past 5 years. Kinnelon, NJ is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 1.4% |
% Under 18 | 19.5% | -11.0% |
% Seniors | 15.6% | -7.1% |
% WFH | 18.1% | 277.1% |
% w/ College Degree | 56.9% | 11.6% |
As of the latest ACS Survey released in 2023, Kinnelon, NJ is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Kinnelon, NJ is hispanic, making up 14.3% of the population. Foreign-born residents account for 14.3% of the population in Kinnelon, NJ, and this percentage has decreased by 2.7% 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 | 77.2% | -0.1% |
% Black | 1.0% | 66.7% |
% Hispanic | 14.3% | -5.9% |
% Asian | 5.7% | 7.5% |
% Foreign Born | 14.3% | -2.7% |
Mortgage and Risk — Kinnelon, NJ
According to HUD data as of 2023, there were 286 mortgage originations in Kinnelon, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Kinnelon, NJ. Investor activity is low, as 0.0% 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 | 286 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Kinnelon, NJ
Kinnelon, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 118 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 97.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,520 | $1,800 |
| 2 Bedroom | -$320 | $2,500 | $2,180 |
| 3 Bedroom | -$650 | $3,400 | $2,750 |
| 4 Bedroom | N/A | N/A | $3,120 |
Affordability — Kinnelon, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $661,000 |
| Median Household Income | $128,000 |