Totowa, NJ 07512 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Totowa, NJ—07512

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$631,000

3.2% YoY Growth

Household Income

$114,000

12.7% YoY Growth

Days on Market

34.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,250

11.0% YoY Growth

1-Bed Rent

$1,800

14.3% YoY Growth

2-Bed Rent

$2,150

7.6% YoY Growth

3-Bed Rent

$3,200

3.9% YoY Growth

Home Price Trends — Totowa, NJ

As of Dec '25, the median home price in Totowa, NJ is $631,000, with a year-over-year change of 3.2%. This indicates that home prices in Totowa, 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	$631,000	3.2%
Single Family	$632,000	3.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Totowa, NJ

As of July '25, Rentcast reports the average rent in Totowa, NJ is $2,900, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in Totowa, NJ is 1-bedrooms: $1,800, 2-bedrooms: $2,310, 3-bedrooms: $3,740, 4-bedrooms: $6,000. The most common rental property sizes in Totowa, NJ are 2-bedroom and 1-bedroom, accounting for 58.6% and 30.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$2,900
Studio Rent	N/A	N/A
1 Bed Rent	$1,800	$1,800
2 Bed Rent	$2,150	$2,310
3 Bed Rent	$3,200	$3,740
4 Bed Rent	$6,000	$6,000

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% of Rental Stock

1 Bedroom

30.5%

2 Bedrooms

58.6%

3 Bedrooms

8.4%

4 Bedrooms

2.5%

Property Listings — Totowa, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Totowa, NJ is 27. This is a decrease of -35.0% 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	$806,000	23.0%
Listing Count	29	29.0%
Listings as % of Homes	0.5%	29.0%
Days on Market	50	-34.0%

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Demographics — Totowa, NJ

As of the latest ACS Survey released in 2023, Totowa, NJ has a population of 10,900, which has remained stable by 0.8% over the past 5 years. Totowa, NJ is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,900	0.8%
% Under 18	22.9%	28.7%
% Seniors	19.5%	-2.0%
% WFH	14.7%	200.0%
% w/ College Degree	37.9%	14.2%

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As of the latest ACS Survey released in 2023, Totowa, NJ is a predominantly white area, with 63.1% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Totowa, NJ is hispanic, making up 23.6% of the population. Foreign-born residents account for 20.8% of the population in Totowa, NJ, and this percentage has decreased by 0.5% 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	63.1%	-12.6%
% Black	6.9%	97.1%
% Hispanic	23.6%	49.4%
% Asian	4.2%	-31.1%
% Foreign Born	20.8%	-0.5%

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Mortgage and Risk — Totowa, NJ

According to HUD data as of 2023, there were 170 mortgage originations in Totowa, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Totowa, NJ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	170
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Totowa, NJ

As of 2024, the percent of homes in Totowa, NJ under the Section 8 program is 2.8%. 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. In Totowa, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	28
Total Units Section 8	28
% Rentals under Section 8	2.8%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$90	$1,800	$1,710
2 Bedroom	-$190	$2,150	$1,960
3 Bedroom	-$790	$3,200	$2,410
4 Bedroom	-$2,950	$6,000	$3,050

Totowa, NJ—07512

Key Metrics at a Glance

Home Price Trends — Totowa, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Totowa, NJ

% of Rental Stock

Property Listings — Totowa, NJ

Demographics — Totowa, NJ

Race and Ethnicity

Mortgage and Risk — Totowa, NJ

Mortgages

Rentals and Section 8 — Totowa, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Totowa, NJ

Home Price to Income Ratio

Totowa, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland Park, NJ

Paterson, NJ

Paterson, NJ

Cedar Grove, NJ

Wayne, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$631,000
Median Household Income	$114,000

Totowa, NJ—07512

Key Metrics at a Glance

Home Price Trends — Totowa, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Totowa, NJ

% of Rental Stock

Property Listings — Totowa, NJ

Demographics — Totowa, NJ

Race and Ethnicity

Mortgage and Risk — Totowa, NJ

Mortgages

Rentals and Section 8 — Totowa, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Totowa, NJ

Home Price to Income Ratio

Totowa, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland Park, NJ

Paterson, NJ

Paterson, NJ

Cedar Grove, NJ

Wayne, NJ

Frequently Asked Questions

What is the average home price in Totowa, NJ 07512?

How have home prices in Totowa, NJ 07512 changed over the past year?

What is the home price projection for Totowa, NJ 07512?

What are the demographics of Totowa, NJ 07512?

How long does it take homes to sell in Totowa, NJ 07512?

What is the average rent price in Totowa, NJ 07512?