Paramus, NJ—07652
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paramus, NJ
As of Oct '25, the median home price in Paramus, NJ is $1,000,000, with a year-over-year change of 4.0%. This indicates that home prices in Paramus, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,000,000 | 4.0% |
| Single Family | $1,002,000 | 3.6% |
| 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 | $920,000 | 5.4% |
4 Bed | $1,085,000 | 5.2% |
| 5 Bed | $1,558,000 | 6.1% |
% of Housing Stock
Rental Trends — Paramus, NJ
As of July '25, Rentcast reports the average rent in Paramus, NJ is $4,530, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Paramus, NJ is studios: $1,680, 1-bedrooms: $2,950, 2-bedrooms: $2,950, 3-bedrooms: $4,700, 4-bedrooms: $5,260. The most common rental property sizes in Paramus, NJ are 4-bedroom and 3-bedroom, accounting for 28.3% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,530 |
| Studio Rent | $1,350 | $1,680 |
| 1 Bed Rent | $1,750 | $2,950 |
| 2 Bed Rent | $2,400 | $2,950 |
| 3 Bed Rent | $4,400 | $4,700 |
| 4 Bed Rent | $5,200 | $5,260 |
% of Rental Stock
Property Listings — Paramus, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Paramus, NJ is 37. This is a increase of 38.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,430,000 | 4.0% |
Listing Count | 42 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 37 | 38.0% |
Demographics — Paramus, NJ
As of the latest ACS Survey released in 2023, Paramus, NJ has a population of 26,500, which has remained stable by -0.4% over the past 5 years. Paramus, NJ is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | -0.4% |
% Under 18 | 18.7% | -3.1% |
% Seniors | 26.3% | 12.4% |
% WFH | 21.5% | 235.9% |
% w/ College Degree | 50.2% | 3.9% |
As of the latest ACS Survey released in 2023, Paramus, NJ is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Paramus, NJ is asian, making up 23.7% of the population. Foreign-born residents account for 29.0% of the population in Paramus, NJ, and this percentage has decreased by 2.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.1% | -5.2% |
% Black | 4.3% | 43.3% |
% Hispanic | 13.2% | 37.5% |
% Asian | 23.7% | -13.5% |
% Foreign Born | 29.0% | -2.0% |
Mortgage and Risk — Paramus, NJ
According to HUD data as of 2023, there were 298 mortgage originations in Paramus, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Paramus, NJ. Investor activity is low, as 1.0% 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 | 298 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Paramus, NJ
As of 2024, the percent of homes in Paramus, NJ under the Section 8 program is 11.2%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Paramus, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $960 | $1,750 | $2,710 |
| 2 Bedroom | $710 | $2,400 | $3,110 |
| 3 Bedroom | -$570 | $4,400 | $3,830 |
| 4 Bedroom | -$360 | $5,200 | $4,840 |
Affordability — Paramus, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $1,000,000 |
| Median Household Income | $140,000 |