Highland Lake, NJ—07422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Lake, NJ
As of Oct '25, the median home price in Highland Lake, NJ is $393,000, with a year-over-year change of 2.5%. This indicates that home prices in Highland Lake, 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 | $393,000 | 2.6% |
| Single Family | $393,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $333,000 | 3.1% |
3 Bed | $414,000 | 4.0% |
4 Bed | $458,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Highland Lake, NJ
As of July '25, Rentcast reports the average rent in Highland Lake, NJ is $2,920, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Highland Lake, NJ is 2-bedrooms: $2,400, 3-bedrooms: $3,180. The most common rental property sizes in Highland Lake, NJ are 2-bedroom and 3-bedroom, accounting for 76.1% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,400 |
| 3 Bed Rent | $2,700 | $3,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Highland Lake, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Lake, NJ is 37. This is a decrease of -2.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 0.0% |
Listing Count | 47 | 48.0% |
| Listings as % of Homes | 1.2% | 48.0% |
Days on Market | 37 | -2.0% |
Demographics — Highland Lake, NJ
As of the latest ACS Survey released in 2023, Highland Lake, NJ has a population of 5,220, which has decreased by -18.2% over the past 5 years. Highland Lake, NJ is a moderately popular place for families, as children make up 16.6% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,220 | -18.2% |
% Under 18 | 16.6% | -8.3% |
% Seniors | 19.3% | 54.4% |
% WFH | 17.7% | 254.0% |
% w/ College Degree | 42.9% | 30.0% |
As of the latest ACS Survey released in 2023, Highland Lake, NJ is a predominantly white area, with 88.5% of the population identifying as white. The white population has grown by 5.4% in the last 5 years. The second most common race or ethnicity in Highland Lake, NJ is hispanic, making up 6.6% of the population. Foreign-born residents account for 12.9% of the population in Highland Lake, NJ, and this percentage has increased by 230.8% 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 | 88.5% | 5.4% |
% Black | 0.1% | -95.0% |
% Hispanic | 6.6% | -42.1% |
% Asian | 1.2% | 300.0% |
% Foreign Born | 12.9% | 230.8% |
Mortgage and Risk — Highland Lake, NJ
According to HUD data as of 2023, there were 209 mortgage originations in Highland Lake, NJ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Highland Lake, NJ. Investor activity is low, as 2.0% 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 | 209 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Highland Lake, NJ
Highland Lake, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,940 |
| 2 Bedroom | $50 | $2,300 | $2,350 |
| 3 Bedroom | $260 | $2,700 | $2,960 |
| 4 Bedroom | N/A | N/A | $3,370 |
Affordability — Highland Lake, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $393,000 |
| Median Household Income | $111,000 |