Ridgewood, NJ—07450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgewood, NJ
As of Oct '25, the median home price in Ridgewood, NJ is $1,146,000, with a year-over-year change of 6.2%. This indicates that home prices in Ridgewood, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,146,000 | 6.2% |
| Single Family | $1,159,000 | 5.9% |
| 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 | $966,000 | 5.6% |
4 Bed | $1,252,000 | 7.5% |
| 5 Bed | $1,877,000 | 9.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ridgewood, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgewood, NJ is 14. 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,110,000 | -22.0% |
Listing Count | 30 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 14 | -40.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ridgewood, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $1,146,000 |
| Median Household Income | $217,000 |