Wanaque, NJ—07420
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wanaque, NJ
Home Price Trends — Wanaque, NJ
As of Oct '25, the median home price in Wanaque, NJ is $484,000, with a year-over-year change of 2.4%. This indicates that home prices in Wanaque, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | 2.4% |
| Single Family | $487,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $458,000 | 3.4% |
3 Bed | $491,000 | 2.7% |
4 Bed | $519,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wanaque, NJ
As of July '25, Rentcast reports the average rent in Wanaque, NJ is $2,800, with a year-over-year rent change of 23.9%. Per bedroom, the median rent as of July '25 in Wanaque, NJ is 2-bedrooms: $2,490, 3-bedrooms: $3,020. The most common rental property sizes in Wanaque, NJ are 1-bedroom and 2-bedroom, accounting for 39.4% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,880 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,490 |
| 3 Bed Rent | $3,000 | $3,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wanaque, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Wanaque, NJ is 39. This is a increase of 64.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | -5.0% |
Listing Count | 11 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 39 | 64.0% |
Demographics — Wanaque, NJ
As of the latest ACS Survey released in 2023, Wanaque, NJ has a population of 5,240, which has increased by 2.6% over the past 5 years. Wanaque, NJ is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,240 | 2.6% |
% Under 18 | 16.5% | -21.1% |
% Seniors | 18.5% | -2.1% |
% WFH | 6.3% | 215.0% |
% w/ College Degree | 33.4% | 26.0% |
As of the latest ACS Survey released in 2023, Wanaque, NJ is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Wanaque, NJ is hispanic, making up 21.0% of the population. Foreign-born residents account for 17.1% of the population in Wanaque, NJ, and this percentage has decreased by 26.9% 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 | 60.5% | -12.6% |
% Black | 4.7% | -11.3% |
% Hispanic | 21.0% | 41.9% |
% Asian | 5.8% | -18.3% |
% Foreign Born | 17.1% | -26.9% |
Mortgage and Risk — Wanaque, NJ
According to HUD data as of 2023, there were 66 mortgage originations in Wanaque, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Wanaque, NJ. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Wanaque, NJ
Wanaque, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,870 |
| 2 Bedroom | $50 | $2,100 | $2,150 |
| 3 Bedroom | -$350 | $3,000 | $2,650 |
| 4 Bedroom | N/A | N/A | $3,350 |
Affordability — Wanaque, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $484,000 |
| Median Household Income | $107,000 |