View in Interactive Map

Closter, NJ—07624

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,101,000
5.9% YoY Growth
Household Income
$188,000
41.3% YoY Growth
Days on Market
47
7.0% Shorter YoY
Home Price Forecast
1.9%
Median Rent
$5,000
7.6% YoY Growth
1-Bed Rent
$3,000
24.0% YoY Growth
2-Bed Rent
$2,500
10.9% YoY Growth
3-Bed Rent
$4,500
4.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Closter, NJ

As of Dec '25, the median home price in Closter, NJ is $1,101,000, with a year-over-year change of 5.9%. This indicates that home prices in Closter, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,101,0005.9%
Single Family $1,101,0006.3%
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
    		N/AN/A
    3 Bed
    		$865,0007.2%
    4 Bed
    		$1,190,0007.8%
    5 Bed $1,759,6578.5%
    Loading chart...

    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    2.7%
    2 Bedrooms
    10.7%
    3 Bedrooms
    31.5%
    4 Bedrooms
    37.1%
    5+ Bedrooms
    16.5%

    Rental Trends — Closter, NJ

    As of July '25, Rentcast reports the average rent in Closter, NJ is $4,950, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Closter, NJ is 1-bedrooms: $2,480, 2-bedrooms: $2,700, 3-bedrooms: $4,750, 4-bedrooms: $6,420. The most common rental property sizes in Closter, NJ are 4-bedroom and 2-bedroom, accounting for 32.1% and 26.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$5,000$4,950
    Studio Rent N/AN/A
    1 Bed Rent $3,000$2,480
    2 Bed Rent $2,500$2,700
    3 Bed Rent $4,500$4,750
    4 Bed Rent $6,200$6,420
    Loading chart...

    % of Rental Stock

    Studio
    4.0%
    1 Bedroom
    15.4%
    2 Bedrooms
    26.6%
    3 Bedrooms
    20.3%
    4 Bedrooms
    32.1%
    5+ Bedrooms
    1.5%

    Property Listings — Closter, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Closter, NJ is 64. This is a decrease of -4.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,900,0008.0%
    Listing Count
    		14-13.0%
    Listings as % of Homes0.4%-13.0%
    Days on Market
    		47-7.0%
    Loading chart...

    Demographics — Closter, NJ

    As of the latest ACS Survey released in 2023, Closter, NJ has a population of 8,540, which has remained stable by -0.4% over the past 5 years. Closter, NJ is a popular place for families, as children make up 28.6% of the population. The area has a highly educated workforce, with 66.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,540-0.4%
    % Under 18
    		28.6%19.2%
    % Seniors
    		14.2%-7.8%
    % WFH
    		21.2%360.9%
    % w/ College Degree
    		66.2%5.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Closter, NJ is a predominantly white area, with 47.8% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Closter, NJ is asian, making up 32.2% of the population. Foreign-born residents account for 33.4% of the population in Closter, NJ, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		47.8%-12.9%
    % Black
    		2.8%75.0%
    % Hispanic
    		9.9%147.5%
    % Asian
    		32.2%-16.1%
    % Foreign Born
    		33.4%-10.0%
    Loading chart...

    Mortgage and Risk — Closter, NJ

    According to HUD data as of 2023, there were 118 mortgage originations in Closter, NJ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Closter, NJ. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		118
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		6.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Closter, NJ

    As of 2024, the percent of homes in Closter, NJ under the Section 8 program is 3.2%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Closter, NJ, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		34
    Total Units Section 8
    		15
    % Rentals under Section 8
    		3.2%
    % Occupied Section 8
    		98.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$380$3,000$2,620
    2 Bedroom$500$2,500$3,000
    3 Bedroom-$810$4,500$3,690
    4 Bedroom-$1,530$6,200$4,670

    Affordability — Closter, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$1,101,000
    Median Household Income$188,000

    Closter, NJ — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Demarest, NJ

    07627

    Norwood, NJ

    07648

    Harrington Park, NJ

    07640

    Cresskill, NJ

    07626

    Northvale, NJ

    07647

    Frequently Asked Questions