Sussex, NJ—07461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sussex, NJ
As of Oct '25, the median home price in Sussex, NJ is $443,000, with a year-over-year change of 1.5%. This indicates that home prices in Sussex, 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 | $443,000 | 1.5% |
| Single Family | $444,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $321,000 | 3.2% |
3 Bed | $426,000 | 4.2% |
4 Bed | $560,000 | 4.5% |
| 5 Bed | $609,000 | 3.6% |
% of Housing Stock
Rental Trends — Sussex, NJ
As of July '25, Rentcast reports the average rent in Sussex, NJ is $2,300, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Sussex, NJ is studios: $450, 1-bedrooms: $1,700, 2-bedrooms: $1,780, 3-bedrooms: $3,010, 4-bedrooms: $3,020. The most common rental property sizes in Sussex, NJ are 2-bedroom and 1-bedroom, accounting for 41.8% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,300 |
| Studio Rent | $450 | $450 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,900 | $1,780 |
| 3 Bed Rent | $2,950 | $3,010 |
| 4 Bed Rent | $2,950 | $3,020 |
% of Rental Stock
Property Listings — Sussex, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Sussex, NJ is 51. This is a increase of 17.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $465,000 | 2.0% |
Listing Count | 98 | 29.0% |
| Listings as % of Homes | 0.8% | 29.0% |
Days on Market | 51 | 17.0% |
Demographics — Sussex, NJ
As of the latest ACS Survey released in 2023, Sussex, NJ has a population of 18,600, which has remained stable by 0.3% over the past 5 years. Sussex, NJ is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 0.3% |
% Under 18 | 19.3% | -5.4% |
% Seniors | 18.8% | 4.4% |
% WFH | 9.3% | 86.0% |
% w/ College Degree | 28.4% | 2.9% |
As of the latest ACS Survey released in 2023, Sussex, NJ is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Sussex, NJ is hispanic, making up 8.9% of the population. Foreign-born residents account for 5.0% of the population in Sussex, NJ, and this percentage has decreased by 9.1% 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 | 84.2% | -5.6% |
% Black | 2.8% | 115.4% |
% Hispanic | 8.9% | 45.9% |
% Asian | 0.3% | -83.3% |
% Foreign Born | 5.0% | -9.1% |
Mortgage and Risk — Sussex, NJ
According to HUD data as of 2023, there were 284 mortgage originations in Sussex, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Sussex, 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 | 284 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sussex, NJ
As of 2024, the percent of homes in Sussex, NJ under the Section 8 program is 6.3%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Sussex, NJ, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 102 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,700 | $1,710 |
| 2 Bedroom | $170 | $1,900 | $2,070 |
| 3 Bedroom | -$340 | $2,950 | $2,610 |
| 4 Bedroom | $10 | $2,950 | $2,960 |
Affordability — Sussex, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $443,000 |
| Median Household Income | $104,000 |