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Totowa, NJ—07512

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$662,000
5.5% YoY Growth
Household Income
$114,000
12.7% YoY Growth
Days on Market
47
139.0% Longer YoY
Home Price Forecast
0.7%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Totowa, NJ

As of May '26, the median home price in Totowa, NJ is $662,000, with a year-over-year change of 5.5%. This indicates that home prices in Totowa, NJ are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$662,0005.5%
Single Family $662,0005.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$528,0004.3%
    3 Bed
    		$628,0005.2%
    4 Bed
    		$770,0005.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    7.1%
    2 Bedrooms
    24.5%
    3 Bedrooms
    44.7%
    4 Bedrooms
    18.7%
    5+ Bedrooms
    5.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,250$2,900
    Studio Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Totowa, NJ is 47. This is a increase of 139.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$740,00021.0%
    Listing Count
    		2441.0%
    Listings as % of Homes0.5%41.0%
    Days on Market
    		47139.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		10,9000.8%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Totowa, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$662,000
    Median Household Income$114,000

    Totowa, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions