Fair Lawn, NJ—07410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fair Lawn, NJ
As of Oct '25, the median home price in Fair Lawn, NJ is $685,000, with a year-over-year change of 4.4%. This indicates that home prices in Fair Lawn, NJ are increasing. 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 | $685,000 | 4.4% |
| Single Family | $691,000 | 3.9% |
| Condos | $382,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $523,000 | 4.0% |
3 Bed | $673,000 | 4.5% |
4 Bed | $753,000 | 4.1% |
| 5 Bed | $947,000 | 3.7% |
% of Housing Stock
Rental Trends — Fair Lawn, NJ
As of July '25, Rentcast reports the average rent in Fair Lawn, NJ is $3,350, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Fair Lawn, NJ is studios: $1,550, 1-bedrooms: $2,170, 2-bedrooms: $2,910, 3-bedrooms: $4,140, 4-bedrooms: $4,780. The most common rental property sizes in Fair Lawn, NJ are 2-bedroom and 1-bedroom, accounting for 45.4% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,350 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $2,050 | $2,170 |
| 2 Bed Rent | $2,800 | $2,910 |
| 3 Bed Rent | $4,200 | $4,140 |
| 4 Bed Rent | $4,700 | $4,780 |
% of Rental Stock
Property Listings — Fair Lawn, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Fair Lawn, NJ is 24. This is a decrease of -8.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 10.0% |
Listing Count | 46 | -10.0% |
| Listings as % of Homes | 0.2% | -10.0% |
Days on Market | 24 | -8.0% |
Demographics — Fair Lawn, NJ
As of the latest ACS Survey released in 2023, Fair Lawn, NJ has a population of 35,200, which has increased by 6.3% over the past 5 years. Fair Lawn, NJ is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 64.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | 6.3% |
% Under 18 | 26.3% | 18.5% |
% Seniors | 17.9% | 9.1% |
% WFH | 18.9% | 285.7% |
% w/ College Degree | 64.2% | 18.5% |
As of the latest ACS Survey released in 2023, Fair Lawn, NJ is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Fair Lawn, NJ is asian, making up 13.4% of the population. Foreign-born residents account for 31.7% of the population in Fair Lawn, NJ, and this percentage has increased by 7.5% 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 | 66.3% | -7.3% |
% Black | 4.2% | 121.1% |
% Hispanic | 13.2% | -4.3% |
% Asian | 13.4% | 7.2% |
% Foreign Born | 31.7% | 7.5% |
Mortgage and Risk — Fair Lawn, NJ
According to HUD data as of 2023, there were 435 mortgage originations in Fair Lawn, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Fair Lawn, NJ. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 435 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fair Lawn, NJ
As of 2024, the percent of homes in Fair Lawn, NJ under the Section 8 program is 8.0%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Fair Lawn, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 201 |
Total Units Section 8 | 201 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $2,050 | $2,140 |
| 2 Bedroom | -$350 | $2,800 | $2,450 |
| 3 Bedroom | -$1,180 | $4,200 | $3,020 |
| 4 Bedroom | -$890 | $4,700 | $3,810 |
Affordability — Fair Lawn, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $685,000 |
| Median Household Income | $148,000 |