Ridgewood, NJ 07450 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ridgewood, NJ—07450

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,132,000

6.1% YoY Growth

Household Income

$217,000

28.7% YoY Growth

Days on Market

18.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$3,600

3.9% YoY Growth

1-Bed Rent

$2,600

26.4% YoY Growth

2-Bed Rent

$3,100

5.1% YoY Growth

3-Bed Rent

$4,700

9.2% YoY Growth

Home Price Trends — Ridgewood, NJ

As of Dec '25, the median home price in Ridgewood, NJ is $1,132,000, with a year-over-year change of 6.1%. This indicates that home prices in Ridgewood, NJ are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,132,000	6.1%
Single Family	$1,145,000	6.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ridgewood, NJ

As of July '25, Rentcast reports the average rent in Ridgewood, NJ is $3,950, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Ridgewood, NJ is studios: $1,900, 1-bedrooms: $2,870, 2-bedrooms: $3,110, 3-bedrooms: $4,610, 4-bedrooms: $4,880. The most common rental property sizes in Ridgewood, NJ are 1-bedroom and 2-bedroom, accounting for 37.6% and 36.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,600	$3,950
Studio Rent	$1,900	$1,900
1 Bed Rent	$2,600	$2,870
2 Bed Rent	$3,100	$3,110
3 Bed Rent	$4,700	$4,610
4 Bed Rent	$4,500	$4,880

Loading chart...

% of Rental Stock

Studio

2.2%

1 Bedroom

37.6%

2 Bedrooms

36.2%

3 Bedrooms

18.4%

4 Bedrooms

4.2%

5+ Bedrooms

1.4%

Property Listings — Ridgewood, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Ridgewood, NJ is 22. This is a decrease of -40.0% 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	$1,040,000	-25.0%
Listing Count	20	-5.0%
Listings as % of Homes	0.2%	-5.0%
Days on Market	51	-18.0%

Loading chart...

Demographics — Ridgewood, NJ

As of the latest ACS Survey released in 2023, Ridgewood, NJ has a population of 26,100, which has increased by 3.1% over the past 5 years. Ridgewood, NJ is a popular place for families, as children make up 28.1% of the population. The area has a highly educated workforce, with 80.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,100	3.1%
% Under 18	28.1%	-7.6%
% Seniors	13.6%	-2.2%
% WFH	28.6%	167.3%
% w/ College Degree	80.6%	6.8%

Loading chart...

As of the latest ACS Survey released in 2023, Ridgewood, NJ is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Ridgewood, NJ is asian, making up 16.4% of the population. Foreign-born residents account for 21.4% of the population in Ridgewood, NJ, and this percentage has decreased by 4.0% 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	67.1%	-8.1%
% Black	2.3%	21.1%
% Hispanic	10.2%	30.8%
% Asian	16.4%	11.6%
% Foreign Born	21.4%	-4.0%

Loading chart...

Mortgage and Risk — Ridgewood, NJ

According to HUD data as of 2023, there were 384 mortgage originations in Ridgewood, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Ridgewood, NJ. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	384
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

Loading chart...

Rentals and Section 8 — Ridgewood, NJ

As of 2024, the percent of homes in Ridgewood, NJ under the Section 8 program is 13.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ridgewood, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	204
Total Units Section 8	194
% Rentals under Section 8	13.0%
% Occupied Section 8	98.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$0	$2,600	$2,600
2 Bedroom	-$120	$3,100	$2,980
3 Bedroom	-$1,030	$4,700	$3,670
4 Bedroom	$140	$4,500	$4,640

Ridgewood, NJ—07450

Key Metrics at a Glance

Home Price Trends — Ridgewood, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgewood, NJ

% of Rental Stock

Property Listings — Ridgewood, NJ

Demographics — Ridgewood, NJ

Race and Ethnicity

Mortgage and Risk — Ridgewood, NJ

Mortgages

Rentals and Section 8 — Ridgewood, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgewood, NJ

Home Price to Income Ratio

Ridgewood, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Ho Ho Kus, NJ

Glen Rock, NJ

Midland Park, NJ

Waldwick, NJ

Fair Lawn, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$1,132,000
Median Household Income	$217,000

Ridgewood, NJ—07450

Key Metrics at a Glance

Home Price Trends — Ridgewood, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ridgewood, NJ

% of Rental Stock

Property Listings — Ridgewood, NJ

Demographics — Ridgewood, NJ

Race and Ethnicity

Mortgage and Risk — Ridgewood, NJ

Mortgages

Rentals and Section 8 — Ridgewood, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Ridgewood, NJ

Home Price to Income Ratio

Ridgewood, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Ho Ho Kus, NJ

Glen Rock, NJ

Midland Park, NJ

Waldwick, NJ

Fair Lawn, NJ

Frequently Asked Questions

What is the average home price in Ridgewood, NJ 07450?

How have home prices in Ridgewood, NJ 07450 changed over the past year?

What is the home price projection for Ridgewood, NJ 07450?

What are the demographics of Ridgewood, NJ 07450?

How long does it take homes to sell in Ridgewood, NJ 07450?

What is the average rent price in Ridgewood, NJ 07450?