Pequannock, NJ—07440
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pequannock, NJ
As of Oct '25, the median home price in Pequannock, NJ is $672,000, with a year-over-year change of 4.7%. This indicates that home prices in Pequannock, 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 | $672,000 | 4.7% |
| Single Family | $682,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $644,000 | 4.2% |
4 Bed | $746,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pequannock, NJ
As of July '25, Rentcast reports the average rent in Pequannock, NJ is $2,900, with a year-over-year rent change of 16.9%. Per bedroom, the median rent as of July '25 in Pequannock, NJ is 1-bedrooms: $800, 3-bedrooms: $3,500, 4-bedrooms: $3,650. The most common rental property sizes in Pequannock, NJ are 1-bedroom and 3-bedroom, accounting for 68.3% and 16.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | $3,500 | $3,650 |
% of Rental Stock
Property Listings — Pequannock, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Pequannock, NJ is 13. This is a decrease of -67.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $660,000 | 6.0% |
Listing Count | 10 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 13 | -67.0% |
Demographics — Pequannock, NJ
As of the latest ACS Survey released in 2023, Pequannock, NJ has a population of 4,810, which has increased by 15.4% over the past 5 years. Pequannock, NJ is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,810 | 15.4% |
% Under 18 | 21.9% | -1.4% |
% Seniors | 17.2% | -3.4% |
% WFH | 13.1% | 98.5% |
% w/ College Degree | 47.9% | 5.5% |
As of the latest ACS Survey released in 2023, Pequannock, NJ is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Pequannock, NJ is hispanic, making up 15.0% of the population. Foreign-born residents account for 8.6% of the population in Pequannock, NJ, and this percentage has increased by 17.8% 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 | 79.8% | -6.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 15.0% | 63.0% |
% Asian | 1.6% | -5.9% |
% Foreign Born | 8.6% | 17.8% |
Mortgage and Risk — Pequannock, NJ
According to HUD data as of 2023, there were 77 mortgage originations in Pequannock, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Pequannock, NJ. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 77 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pequannock, NJ
Pequannock, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 52.9% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,180 | $800 | $1,980 |
| 2 Bedroom | N/A | N/A | $2,400 |
| 3 Bedroom | -$480 | $3,500 | $3,020 |
| 4 Bedroom | -$60 | $3,500 | $3,440 |
Affordability — Pequannock, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $672,000 |
| Median Household Income | $148,000 |