Northvale, NJ—07647
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northvale, NJ
As of Oct '25, the median home price in Northvale, NJ is $729,000, with a year-over-year change of 1.6%. This indicates that home prices in Northvale, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $729,000 | 1.6% |
| Single Family | $735,000 | 1.5% |
| 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 | $716,000 | 4.8% |
4 Bed | $825,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northvale, NJ
As of July '25, Rentcast reports the average rent in Northvale, NJ is $3,970, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Northvale, NJ is 1-bedrooms: $3,000, 2-bedrooms: $3,000, 3-bedrooms: $3,940, 4-bedrooms: $5,700. The most common rental property sizes in Northvale, NJ are 2-bedroom and 1-bedroom, accounting for 41.0% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $3,970 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,000 | $3,000 |
| 2 Bed Rent | $3,000 | $3,000 |
| 3 Bed Rent | $4,000 | $3,940 |
| 4 Bed Rent | $5,700 | $5,700 |
% of Rental Stock
Property Listings — Northvale, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Northvale, NJ is 57. This is a increase of 117.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,180,000 | 58.0% |
Listing Count | 5 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 57 | 117.0% |
Demographics — Northvale, NJ
As of the latest ACS Survey released in 2023, Northvale, NJ has a population of 5,300, which has decreased by -2.1% over the past 5 years. Northvale, NJ is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | -2.1% |
% Under 18 | 21.8% | 1.4% |
% Seniors | 21.6% | 7.5% |
% WFH | 13.5% | 382.1% |
% w/ College Degree | 53.3% | 5.5% |
As of the latest ACS Survey released in 2023, Northvale, NJ is a predominantly white area, with 51.5% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Northvale, NJ is asian, making up 33.7% of the population. Foreign-born residents account for 29.9% of the population in Northvale, NJ, and this percentage has increased by 0.3% 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 | 51.5% | -16.3% |
% Black | 1.3% | -23.5% |
% Hispanic | 12.6% | 11.5% |
% Asian | 33.7% | 34.8% |
% Foreign Born | 29.9% | 0.3% |
Mortgage and Risk — Northvale, NJ
According to HUD data as of 2023, there were 87 mortgage originations in Northvale, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Northvale, NJ. Investor activity is low, as 0.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Northvale, NJ
As of 2024, the percent of homes in Northvale, NJ under the Section 8 program is 13.0%. 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 Northvale, 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 | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,130 | $3,000 | $1,870 |
| 2 Bedroom | -$850 | $3,000 | $2,150 |
| 3 Bedroom | -$1,350 | $4,000 | $2,650 |
| 4 Bedroom | -$2,350 | $5,700 | $3,350 |
Affordability — Northvale, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $729,000 |
| Median Household Income | $119,000 |