Dumont, NJ—07628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dumont, NJ
As of Oct '25, the median home price in Dumont, NJ is $645,000, with a year-over-year change of 3.8%. This indicates that home prices in Dumont, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $645,000 | 3.8% |
| Single Family | $646,000 | 3.9% |
| 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 | $650,000 | 4.2% |
4 Bed | $697,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dumont, NJ
As of July '25, Rentcast reports the average rent in Dumont, NJ is $2,670, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Dumont, NJ is studios: $1,750, 1-bedrooms: $1,910, 2-bedrooms: $2,320, 3-bedrooms: $3,490, 4-bedrooms: $4,430. The most common rental property sizes in Dumont, NJ are 1-bedroom and 2-bedroom, accounting for 52.5% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,670 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $1,800 | $1,910 |
| 2 Bed Rent | $2,250 | $2,320 |
| 3 Bed Rent | $3,400 | $3,490 |
| 4 Bed Rent | $4,400 | $4,430 |
% of Rental Stock
Property Listings — Dumont, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Dumont, NJ is 26. This is a increase of 31.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $628,000 | 3.0% |
Listing Count | 16 | -12.0% |
| Listings as % of Homes | 0.2% | -12.0% |
Days on Market | 26 | 31.0% |
Demographics — Dumont, NJ
As of the latest ACS Survey released in 2023, Dumont, NJ has a population of 18,100, which has increased by 2.1% over the past 5 years. Dumont, NJ is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 46.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | 2.1% |
% Under 18 | 19.7% | -1.5% |
% Seniors | 16.8% | -6.7% |
% WFH | 11.1% | 208.3% |
% w/ College Degree | 46.8% | 6.8% |
As of the latest ACS Survey released in 2023, Dumont, NJ is a predominantly white area, with 51.7% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Dumont, NJ is asian, making up 20.9% of the population. Foreign-born residents account for 27.8% of the population in Dumont, NJ, and this percentage has increased by 0.7% 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 | 51.7% | -14.7% |
% Black | 4.8% | -7.7% |
% Hispanic | 19.6% | 4.8% |
% Asian | 20.9% | 27.4% |
% Foreign Born | 27.8% | 0.7% |
Mortgage and Risk — Dumont, NJ
According to HUD data as of 2023, there were 201 mortgage originations in Dumont, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Dumont, NJ. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dumont, NJ
As of 2024, the percent of homes in Dumont, NJ under the Section 8 program is 9.3%. 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 Dumont, 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 | 218 |
Total Units Section 8 | 167 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,800 | $1,780 |
| 2 Bedroom | -$210 | $2,250 | $2,040 |
| 3 Bedroom | -$890 | $3,400 | $2,510 |
| 4 Bedroom | -$1,230 | $4,400 | $3,170 |
Affordability — Dumont, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $645,000 |
| Median Household Income | $126,000 |