Bogota, NJ—07603
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bogota, NJ
As of Oct '25, the median home price in Bogota, NJ is $591,000, with a year-over-year change of 8.3%. This indicates that home prices in Bogota, NJ are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $591,000 | 8.3% |
| Single Family | $591,000 | 7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $597,000 | 6.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bogota, NJ
As of July '25, Rentcast reports the average rent in Bogota, NJ is $2,660, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Bogota, NJ is 1-bedrooms: $2,360, 2-bedrooms: $2,910, 3-bedrooms: $3,000. The most common rental property sizes in Bogota, NJ are 2-bedroom and 1-bedroom, accounting for 40.9% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,560 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,520 | $2,360 |
| 2 Bed Rent | $3,200 | $2,910 |
| 3 Bed Rent | $2,900 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bogota, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Bogota, NJ is 53. This is a increase of 28.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $596,000 | -4.0% |
Listing Count | 12 | 95.0% |
| Listings as % of Homes | 0.2% | 95.0% |
Days on Market | 53 | 28.0% |
Demographics — Bogota, NJ
As of the latest ACS Survey released in 2023, Bogota, NJ has a population of 9,110, which has increased by 8.9% over the past 5 years. Bogota, NJ is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,110 | 8.9% |
% Under 18 | 20.5% | 7.9% |
% Seniors | 15.9% | 27.2% |
% WFH | 6.7% | 294.1% |
% w/ College Degree | 34.3% | 17.5% |
As of the latest ACS Survey released in 2023, Bogota, NJ is a predominantly hispanic area, with 55.4% of the population identifying as hispanic. The hispanic population has grown by 31.6% in the last 5 years. The second most common race or ethnicity in Bogota, NJ is white, making up 27.7% of the population. Foreign-born residents account for 37.3% of the population in Bogota, NJ, and this percentage has increased by 14.1% 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 | 27.7% | -26.7% |
% Black | 9.8% | -11.7% |
% Hispanic | 55.4% | 31.6% |
% Asian | 8.5% | 4.9% |
% Foreign Born | 37.3% | 14.1% |
Mortgage and Risk — Bogota, NJ
According to HUD data as of 2023, there were 81 mortgage originations in Bogota, NJ, of which 83.0% 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 Bogota, NJ. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Bogota, NJ
Bogota, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$710 | $2,520 | $1,810 |
| 2 Bedroom | -$1,130 | $3,200 | $2,070 |
| 3 Bedroom | -$350 | $2,900 | $2,550 |
| 4 Bedroom | N/A | N/A | $3,220 |
Affordability — Bogota, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $591,000 |
| Median Household Income | $107,000 |