Mahwah Township, NJ—07430
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mahwah Township, NJ
As of Oct '25, the median home price in Mahwah Township, NJ is $692,000, with a year-over-year change of 3.5%. This indicates that home prices in Mahwah Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $692,000 | 3.6% |
| Single Family | $916,000 | 3.5% |
| Condos | $483,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $371,000 | 2.5% |
2 Bed | $498,000 | 2.5% |
3 Bed | $739,000 | 4.7% |
4 Bed | $1,079,000 | 5.0% |
| 5 Bed | $1,492,000 | 5.9% |
% of Housing Stock
Rental Trends — Mahwah Township, NJ
As of July '25, Rentcast reports the average rent in Mahwah Township, NJ is $3,370, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Mahwah Township, NJ is 1-bedrooms: $2,130, 2-bedrooms: $3,100, 3-bedrooms: $3,930, 4-bedrooms: $5,680. The most common rental property sizes in Mahwah Township, NJ are 2-bedroom and 1-bedroom, accounting for 46.0% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,130 |
| 2 Bed Rent | $3,000 | $3,100 |
| 3 Bed Rent | $4,000 | $3,930 |
| 4 Bed Rent | $5,900 | $5,680 |
% of Rental Stock
Property Listings — Mahwah Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mahwah Township, NJ is 28. This is a decrease of -9.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | -28.0% |
Listing Count | 55 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 28 | -9.0% |
Demographics — Mahwah Township, NJ
As of the latest ACS Survey released in 2023, Mahwah Township, NJ has a population of 25,400, which has decreased by -3.6% over the past 5 years. Mahwah Township, NJ is a moderately popular place for families, as children make up 16.6% of the population. The area has a highly educated workforce, with 59.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | -3.6% |
% Under 18 | 16.6% | -13.5% |
% Seniors | 22.1% | 29.2% |
% WFH | 22.3% | 248.4% |
% w/ College Degree | 59.7% | 5.5% |
As of the latest ACS Survey released in 2023, Mahwah Township, NJ is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Mahwah Township, NJ is asian, making up 11.4% of the population. Foreign-born residents account for 16.0% of the population in Mahwah Township, NJ, and this percentage has decreased by 19.6% 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 | 72.0% | -1.4% |
% Black | 2.1% | -27.6% |
% Hispanic | 10.5% | 1.9% |
% Asian | 11.4% | -13.6% |
% Foreign Born | 16.0% | -19.6% |
Mortgage and Risk — Mahwah Township, NJ
According to HUD data as of 2023, there were 329 mortgage originations in Mahwah Township, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Mahwah Township, NJ. Investor activity is low, as 1.0% 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 | 329 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mahwah Township, NJ
As of 2024, the percent of homes in Mahwah Township, NJ under the Section 8 program is 6.3%. 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 Mahwah Township, 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 | 103 |
Total Units Section 8 | 102 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $2,100 | $2,440 |
| 2 Bedroom | -$200 | $3,000 | $2,800 |
| 3 Bedroom | -$550 | $4,000 | $3,450 |
| 4 Bedroom | -$1,540 | $5,900 | $4,360 |
Affordability — Mahwah Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $692,000 |
| Median Household Income | $128,000 |