Sussex, NJ 07461 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sussex, NJ—07461

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$454,000

3.6% YoY Growth

Household Income

$104,000

21.2% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$2,000

7.3% YoY Growth

1-Bed Rent

$1,700

21.4% YoY Growth

2-Bed Rent

$1,900

13.4% YoY Growth

3-Bed Rent

$2,950

9.1% YoY Growth

Home Price Trends — Sussex, NJ

As of May '26, the median home price in Sussex, NJ is $454,000, with a year-over-year change of 3.6%. This indicates that home prices in Sussex, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$454,000	3.6%
Single Family	$455,000	3.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.9%

1 Bedroom

35.9%

2 Bedrooms

41.8%

3 Bedrooms

14.8%

4 Bedrooms

4.6%

Property Listings — Sussex, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Sussex, NJ is 30. This is a increase of 22.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$499,000	5.0%
Listing Count	77	3.0%
Listings as % of Homes	0.8%	3.0%
Days on Market	30	22.0%

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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%

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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%

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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%

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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

Sussex, NJ—07461

Key Metrics at a Glance

Home Price Trends — Sussex, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sussex, NJ

% of Rental Stock

Property Listings — Sussex, NJ

Demographics — Sussex, NJ

Race and Ethnicity

Mortgage and Risk — Sussex, NJ

Mortgages

Rentals and Section 8 — Sussex, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Sussex, NJ

Home Price to Income Ratio

Sussex, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Unionville

Hamburg, NJ

Westtown, NY

Glenwood, NJ

Vernon, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$454,000
Median Household Income	$104,000

Sussex, NJ—07461

Key Metrics at a Glance

Home Price Trends — Sussex, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sussex, NJ

% of Rental Stock

Property Listings — Sussex, NJ

Demographics — Sussex, NJ

Race and Ethnicity

Mortgage and Risk — Sussex, NJ

Mortgages

Rentals and Section 8 — Sussex, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Sussex, NJ

Home Price to Income Ratio

Sussex, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Unionville

Hamburg, NJ

Westtown, NY

Glenwood, NJ

Vernon, NJ

Frequently Asked Questions

What is the average home price in Sussex, NJ 07461?

How have home prices in Sussex, NJ 07461 changed over the past year?

What is the home price projection for Sussex, NJ 07461?

What are the demographics of Sussex, NJ 07461?

How long does it take homes to sell in Sussex, NJ 07461?

What is the average rent price in Sussex, NJ 07461?