Woodland Park, NJ—07424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodland Park, NJ
As of Oct '25, the median home price in Woodland Park, NJ is $615,000, with a year-over-year change of 2.1%. This indicates that home prices in Woodland Park, 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 | $615,000 | 2.1% |
| Single Family | $628,000 | 2.1% |
| Condos | $570,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $335,000 | 0.9% |
2 Bed | $550,000 | 1.5% |
3 Bed | $628,000 | 3.1% |
4 Bed | $703,000 | 3.5% |
| 5 Bed | $811,000 | 3.8% |
% of Housing Stock
Rental Trends — Woodland Park, NJ
As of July '25, Rentcast reports the average rent in Woodland Park, NJ is $2,900, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Woodland Park, NJ is studios: $2,130, 1-bedrooms: $1,960, 2-bedrooms: $2,680, 3-bedrooms: $3,660, 4-bedrooms: $4,400. The most common rental property sizes in Woodland Park, NJ are 1-bedroom and 2-bedroom, accounting for 43.8% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,900 |
| Studio Rent | $1,900 | $2,130 |
| 1 Bed Rent | $1,950 | $1,960 |
| 2 Bed Rent | $2,500 | $2,680 |
| 3 Bed Rent | $3,400 | $3,660 |
| 4 Bed Rent | $4,600 | $4,400 |
% of Rental Stock
Property Listings — Woodland Park, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Woodland Park, NJ is 24. This is a increase of 11.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | 3.0% |
Listing Count | 44 | -3.0% |
| Listings as % of Homes | 0.3% | -3.0% |
Days on Market | 24 | 11.0% |
Demographics — Woodland Park, NJ
As of the latest ACS Survey released in 2023, Woodland Park, NJ has a population of 27,500, which has increased by 2.0% over the past 5 years. Woodland Park, 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 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 2.0% |
% Under 18 | 16.5% | -14.1% |
% Seniors | 17.6% | -5.4% |
% WFH | 15.1% | 268.3% |
% w/ College Degree | 42.4% | 1.2% |
As of the latest ACS Survey released in 2023, Woodland Park, NJ is a predominantly white area, with 63.2% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Woodland Park, NJ is hispanic, making up 23.8% of the population. Foreign-born residents account for 23.7% of the population in Woodland Park, NJ, and this percentage has increased by 19.7% 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 | 63.2% | -7.2% |
% Black | 4.2% | -23.6% |
% Hispanic | 23.8% | 30.8% |
% Asian | 6.8% | 25.9% |
% Foreign Born | 23.7% | 19.7% |
Mortgage and Risk — Woodland Park, NJ
According to HUD data as of 2023, there were 347 mortgage originations in Woodland Park, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Woodland Park, 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 | 347 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Woodland Park, NJ
As of 2024, the percent of homes in Woodland Park, NJ under the Section 8 program is 3.2%. 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. In Woodland Park, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,950 | $1,780 |
| 2 Bedroom | -$460 | $2,500 | $2,040 |
| 3 Bedroom | -$890 | $3,400 | $2,510 |
| 4 Bedroom | -$1,430 | $4,600 | $3,170 |
Affordability — Woodland Park, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $615,000 |
| Median Household Income | $104,000 |