Wanaque, NJ—07465
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wanaque, NJ
Home Price Trends — Wanaque, NJ
As of Oct '25, the median home price in Wanaque, NJ is $521,000, with a year-over-year change of 0.4%. This indicates that home prices in Wanaque, NJ are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $521,000 | 0.4% |
| Single Family | $551,000 | -0.9% |
| Condos | $467,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $478,000 | 2.8% |
3 Bed | $559,000 | 4.1% |
4 Bed | $621,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wanaque, NJ
As of July '25, Rentcast reports the average rent in Wanaque, NJ is $2,320, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Wanaque, NJ is 1-bedrooms: $1,550, 2-bedrooms: $2,440, 3-bedrooms: $2,800. The most common rental property sizes in Wanaque, NJ are 2-bedroom and 3-bedroom, accounting for 38.0% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,550 |
| 2 Bed Rent | $2,150 | $2,440 |
| 3 Bed Rent | $2,600 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wanaque, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Wanaque, NJ is 30. This is a increase of 25.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | -15.0% |
Listing Count | 34 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 30 | 25.0% |
Demographics — Wanaque, NJ
As of the latest ACS Survey released in 2023, Wanaque, NJ has a population of 5,970, which has decreased by -12.5% over the past 5 years. Wanaque, NJ is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,970 | -12.5% |
% Under 18 | 15.1% | -15.6% |
% Seniors | 26.0% | 2.8% |
% WFH | 7.0% | -2.8% |
% w/ College Degree | 45.9% | 12.0% |
As of the latest ACS Survey released in 2023, Wanaque, NJ is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Wanaque, NJ is hispanic, making up 10.8% of the population. Foreign-born residents account for 13.1% of the population in Wanaque, NJ, and this percentage has increased by 4.0% 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 | 82.6% | 0.1% |
% Black | 1.3% | -50.0% |
% Hispanic | 10.8% | 10.2% |
% Asian | 3.2% | -17.9% |
% Foreign Born | 13.1% | 4.0% |
Mortgage and Risk — Wanaque, NJ
According to HUD data as of 2023, there were 103 mortgage originations in Wanaque, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Wanaque, NJ. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Wanaque, NJ
Wanaque, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $780 | $1,500 | $2,280 |
| 2 Bedroom | $470 | $2,150 | $2,620 |
| 3 Bedroom | $620 | $2,600 | $3,220 |
| 4 Bedroom | N/A | N/A | $4,080 |
Affordability — Wanaque, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $521,000 |
| Median Household Income | $114,000 |