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Fair Lawn, NJ—07410

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$730,000
5.9% YoY Growth
Household Income
$148,000
28.1% YoY Growth
Days on Market
16
32.0% Longer YoY
Home Price Forecast
1.4%
Median Rent
$3,000
0.6% YoY Growth
1-Bed Rent
$2,050
10.7% YoY Growth
2-Bed Rent
$2,800
16.4% YoY Growth
3-Bed Rent
$4,200
12.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fair Lawn, NJ

As of May '26, the median home price in Fair Lawn, NJ is $730,000, with a year-over-year change of 5.9%. This indicates that home prices in Fair Lawn, 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 TypeMedian Home ValueYoY % Change
All Homes
$730,0005.9%
Single Family $737,0006.0%
Condos $414,0007.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$540,0005.1%
    3 Bed
    		$710,0006.1%
    4 Bed
    		$801,0006.5%
    5 Bed $1,012,0216.8%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    8.1%
    2 Bedrooms
    17.0%
    3 Bedrooms
    41.2%
    4 Bedrooms
    25.9%
    5+ Bedrooms
    7.3%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    0.6%
    1 Bedroom
    31.1%
    2 Bedrooms
    45.4%
    3 Bedrooms
    11.1%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    5.0%

    Property Listings — Fair Lawn, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Fair Lawn, NJ is 16. This is a increase of 32.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$780,00011.0%
    Listing Count
    		5660.0%
    Listings as % of Homes0.2%60.0%
    Days on Market
    		1632.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		35,2006.3%
    % Under 18
    		26.3%18.5%
    % Seniors
    		17.9%9.1%
    % WFH
    		18.9%285.7%
    % w/ College Degree
    		64.2%18.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$730,000
    Median Household Income$148,000

    Fair Lawn, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Glen Rock, NJ

    07452

    Paterson, NJ

    07514

    Elmwood Park, NJ

    07407

    Paterson, NJ

    07504

    Paterson, NJ

    07524

    Frequently Asked Questions