Oak Ridge, NJ 07438 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oak Ridge, NJ—07438

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$516,000

3.2% YoY Growth

Household Income

$120,000

9.2% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,450

19.6% YoY Growth

1-Bed Rent

$1,300

13.6% YoY Growth

2-Bed Rent

$2,450

18.0% YoY Growth

3-Bed Rent

$3,000

11.8% YoY Growth

Home Price Trends — Oak Ridge, NJ

As of Dec '25, the median home price in Oak Ridge, NJ is $516,000, with a year-over-year change of 3.2%. This indicates that home prices in Oak Ridge, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$516,000	3.2%
Single Family	$519,000	3.2%
Condos	$375,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oak Ridge, NJ

As of July '25, Rentcast reports the average rent in Oak Ridge, NJ is $2,440, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Oak Ridge, NJ is 1-bedrooms: $1,400, 2-bedrooms: $2,620, 3-bedrooms: $3,000, 4-bedrooms: $3,400. The most common rental property sizes in Oak Ridge, NJ are 1-bedroom and 2-bedroom, accounting for 57.1% and 19.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,450	$2,440
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,400
2 Bed Rent	$2,450	$2,620
3 Bed Rent	$3,000	$3,000
4 Bed Rent	$3,400	$3,400

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% of Rental Stock

1 Bedroom

57.1%

2 Bedrooms

19.2%

3 Bedrooms

16.3%

5+ Bedrooms

7.3%

Property Listings — Oak Ridge, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Oak Ridge, NJ is 38. This is a decrease of -10.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$546,000	10.0%
Listing Count	24	-1.0%
Listings as % of Homes	0.4%	-1.0%
Days on Market	77	32.0%

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Demographics — Oak Ridge, NJ

As of the latest ACS Survey released in 2023, Oak Ridge, NJ has a population of 11,000, which has decreased by -4.2% over the past 5 years. Oak Ridge, NJ is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,000	-4.2%
% Under 18	20.3%	-8.1%
% Seniors	16.7%	2.5%
% WFH	9.6%	45.5%
% w/ College Degree	43.4%	1.6%

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As of the latest ACS Survey released in 2023, Oak Ridge, NJ is a predominantly white area, with 80.9% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Oak Ridge, NJ is hispanic, making up 10.5% of the population. Foreign-born residents account for 8.3% of the population in Oak Ridge, NJ, and this percentage has increased by 33.9% 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	80.9%	-8.2%
% Black	2.6%	160.0%
% Hispanic	10.5%	43.8%
% Asian	1.6%	33.3%
% Foreign Born	8.3%	33.9%

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Mortgage and Risk — Oak Ridge, NJ

According to HUD data as of 2023, there were 178 mortgage originations in Oak Ridge, NJ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Oak Ridge, NJ. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	178
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Oak Ridge, NJ

As of 2024, the percent of homes in Oak Ridge, NJ under the Section 8 program is 2.3%. 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 Oak Ridge, 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	61
Total Units Section 8	12
% Rentals under Section 8	2.3%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$660	$1,300	$1,960
2 Bedroom	-$100	$2,450	$2,350
3 Bedroom	-$40	$3,000	$2,960
4 Bedroom	$0	$3,400	$3,400

Oak Ridge, NJ—07438

Key Metrics at a Glance

Home Price Trends — Oak Ridge, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Ridge, NJ

% of Rental Stock

Property Listings — Oak Ridge, NJ

Demographics — Oak Ridge, NJ

Race and Ethnicity

Mortgage and Risk — Oak Ridge, NJ

Mortgages

Rentals and Section 8 — Oak Ridge, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Ridge, NJ

Home Price to Income Ratio

Oak Ridge, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Newfoundland, NJ

Rockaway, NJ

Stockholm, NJ

Ogdensburg, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$516,000
Median Household Income	$120,000

Oak Ridge, NJ—07438

Key Metrics at a Glance

Home Price Trends — Oak Ridge, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Ridge, NJ

% of Rental Stock

Property Listings — Oak Ridge, NJ

Demographics — Oak Ridge, NJ

Race and Ethnicity

Mortgage and Risk — Oak Ridge, NJ

Mortgages

Rentals and Section 8 — Oak Ridge, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Ridge, NJ

Home Price to Income Ratio

Oak Ridge, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Newfoundland, NJ

Rockaway, NJ

Stockholm, NJ

Ogdensburg, NJ

Frequently Asked Questions

What is the average home price in Oak Ridge, NJ 07438?

How have home prices in Oak Ridge, NJ 07438 changed over the past year?

What is the home price projection for Oak Ridge, NJ 07438?

What are the demographics of Oak Ridge, NJ 07438?

How long does it take homes to sell in Oak Ridge, NJ 07438?

What is the average rent price in Oak Ridge, NJ 07438?