Hackensack, NJ—07601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hackensack, NJ
As of Oct '25, the median home price in Hackensack, NJ is $460,000, with a year-over-year change of 2.1%. This indicates that home prices in Hackensack, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $460,000 | 2.1% |
| Single Family | $596,000 | 1.4% |
| Condos | $321,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $289,000 | 0.0% |
2 Bed | $385,000 | 1.0% |
3 Bed | $590,000 | 2.3% |
4 Bed | $683,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hackensack, NJ
As of July '25, Rentcast reports the average rent in Hackensack, NJ is $2,410, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Hackensack, NJ is studios: $1,890, 1-bedrooms: $2,130, 2-bedrooms: $2,750, 3-bedrooms: $3,300, 4-bedrooms: $4,170. The most common rental property sizes in Hackensack, NJ are 1-bedroom and 2-bedroom, accounting for 52.6% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,410 |
| Studio Rent | $1,900 | $1,890 |
| 1 Bed Rent | $2,000 | $2,130 |
| 2 Bed Rent | $2,600 | $2,750 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | $3,750 | $4,170 |
% of Rental Stock
Property Listings — Hackensack, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hackensack, NJ is 31. This is a decrease of -17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 12.0% |
Listing Count | 73 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 31 | -17.0% |
Demographics — Hackensack, NJ
As of the latest ACS Survey released in 2023, Hackensack, NJ has a population of 45,800, which has increased by 3.1% over the past 5 years. Hackensack, NJ is a less popular place for families, as children make up 14.8% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,800 | 3.1% |
% Under 18 | 14.8% | -17.3% |
% Seniors | 17.1% | 20.4% |
% WFH | 10.6% | 241.9% |
% w/ College Degree | 41.7% | 14.9% |
As of the latest ACS Survey released in 2023, Hackensack, NJ is a predominantly hispanic area, with 36.0% of the population identifying as hispanic. The hispanic population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Hackensack, NJ is white, making up 27.6% of the population. Foreign-born residents account for 40.4% of the population in Hackensack, NJ, and this percentage has increased by 2.8% 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 | 27.6% | 3.4% |
% Black | 20.7% | -17.2% |
% Hispanic | 36.0% | -5.5% |
% Asian | 12.1% | 12.0% |
% Foreign Born | 40.4% | 2.8% |
Mortgage and Risk — Hackensack, NJ
According to HUD data as of 2023, there were 342 mortgage originations in Hackensack, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Hackensack, NJ. Investor activity is low, as 1.0% 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 | 342 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hackensack, NJ
As of 2024, the percent of homes in Hackensack, NJ under the Section 8 program is 12.7%. 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 Hackensack, 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 | 1,565 |
Total Units Section 8 | 1,564 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 96.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $2,000 | $1,910 |
| 2 Bedroom | -$410 | $2,600 | $2,190 |
| 3 Bedroom | -$500 | $3,200 | $2,700 |
| 4 Bedroom | -$340 | $3,750 | $3,410 |
Affordability — Hackensack, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $460,000 |
| Median Household Income | $82,200 |