Ramsey, NJ—07446
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ramsey, NJ
As of Oct '25, the median home price in Ramsey, NJ is $834,000, with a year-over-year change of 2.0%. This indicates that home prices in Ramsey, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $834,000 | 2.0% |
| Single Family | $908,000 | 2.6% |
| Condos | $467,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $307,000 | 1.3% |
2 Bed | $540,000 | 3.8% |
3 Bed | $801,000 | 3.4% |
4 Bed | $1,019,000 | 4.3% |
| 5 Bed | $1,277,000 | 5.0% |
% of Housing Stock
Rental Trends — Ramsey, NJ
As of July '25, Rentcast reports the average rent in Ramsey, NJ is $2,710, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Ramsey, NJ is studios: $1,890, 1-bedrooms: $1,910, 2-bedrooms: $2,770, 3-bedrooms: $3,540, 4-bedrooms: $4,250. The most common rental property sizes in Ramsey, NJ are 2-bedroom and 1-bedroom, accounting for 39.9% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,710 |
| Studio Rent | $1,890 | $1,890 |
| 1 Bed Rent | $1,880 | $1,910 |
| 2 Bed Rent | $2,600 | $2,770 |
| 3 Bed Rent | $3,350 | $3,540 |
| 4 Bed Rent | $4,250 | $4,250 |
% of Rental Stock
Property Listings — Ramsey, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Ramsey, NJ is 24. This is a increase of 2.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $870,000 | 23.0% |
Listing Count | 29 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 24 | 2.0% |
Demographics — Ramsey, NJ
As of the latest ACS Survey released in 2023, Ramsey, NJ has a population of 14,700, which has decreased by -1.3% over the past 5 years. Ramsey, NJ is a popular place for families, as children make up 26.0% of the population. The area has a highly educated workforce, with 69.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | -1.3% |
% Under 18 | 26.0% | 8.3% |
% Seniors | 14.3% | -13.3% |
% WFH | 21.9% | 247.6% |
% w/ College Degree | 69.3% | -0.4% |
As of the latest ACS Survey released in 2023, Ramsey, NJ is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Ramsey, NJ is hispanic, making up 11.2% of the population. Foreign-born residents account for 16.1% of the population in Ramsey, NJ, and this percentage has increased by 17.5% 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 | 74.1% | -13.0% |
% Black | 0.4% | -20.0% |
% Hispanic | 11.2% | 119.6% |
% Asian | 6.8% | -19.0% |
% Foreign Born | 16.1% | 17.5% |
Mortgage and Risk — Ramsey, NJ
According to HUD data as of 2023, there were 238 mortgage originations in Ramsey, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Ramsey, NJ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ramsey, NJ
As of 2024, the percent of homes in Ramsey, NJ under the Section 8 program is 13.4%. 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 Ramsey, 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 | 119 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,880 | $2,200 |
| 2 Bedroom | -$80 | $2,600 | $2,520 |
| 3 Bedroom | -$250 | $3,350 | $3,100 |
| 4 Bedroom | -$330 | $4,250 | $3,920 |
Affordability — Ramsey, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $834,000 |
| Median Household Income | $165,000 |