Cresskill, NJ—07626
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cresskill, NJ
As of Oct '25, the median home price in Cresskill, NJ is $979,000, with a year-over-year change of 3.0%. This indicates that home prices in Cresskill, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $979,000 | 3.0% |
| Single Family | $1,007,000 | 2.5% |
| 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 | $863,000 | 3.6% |
4 Bed | $1,111,000 | 4.6% |
| 5 Bed | $1,956,000 | 6.2% |
% of Housing Stock
Rental Trends — Cresskill, NJ
As of July '25, Rentcast reports the average rent in Cresskill, NJ is $5,540, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Cresskill, NJ is 1-bedrooms: $1,980, 2-bedrooms: $3,300, 3-bedrooms: $5,120, 4-bedrooms: $6,320. The most common rental property sizes in Cresskill, NJ are 3-bedroom and 1-bedroom, accounting for 27.6% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,750 | $5,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,980 |
| 2 Bed Rent | $3,150 | $3,300 |
| 3 Bed Rent | $4,900 | $5,120 |
| 4 Bed Rent | $6,200 | $6,320 |
% of Rental Stock
Property Listings — Cresskill, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Cresskill, NJ is 65. This is a decrease of -7.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,780,000 | -28.0% |
Listing Count | 33 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 65 | -7.0% |
Demographics — Cresskill, NJ
As of the latest ACS Survey released in 2023, Cresskill, NJ has a population of 9,100, which has increased by 4.2% over the past 5 years. Cresskill, NJ is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 58.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,100 | 4.2% |
% Under 18 | 24.9% | -9.5% |
% Seniors | 18.4% | 13.6% |
% WFH | 17.4% | 112.2% |
% w/ College Degree | 58.5% | -7.7% |
As of the latest ACS Survey released in 2023, Cresskill, NJ is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Cresskill, NJ is asian, making up 27.8% of the population. Foreign-born residents account for 43.0% of the population in Cresskill, NJ, and this percentage has increased by 23.2% 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 | 59.1% | -2.3% |
% Black | 0.6% | 50.0% |
% Hispanic | 11.8% | 78.8% |
% Asian | 27.8% | -12.9% |
% Foreign Born | 43.0% | 23.2% |
Mortgage and Risk — Cresskill, NJ
According to HUD data as of 2023, there were 108 mortgage originations in Cresskill, NJ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Cresskill, NJ. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cresskill, NJ
As of 2024, the percent of homes in Cresskill, 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Cresskill, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $910 | $1,800 | $2,710 |
| 2 Bedroom | -$40 | $3,150 | $3,110 |
| 3 Bedroom | -$1,070 | $4,900 | $3,830 |
| 4 Bedroom | -$1,360 | $6,200 | $4,840 |
Affordability — Cresskill, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $979,000 |
| Median Household Income | $173,000 |