Ridgefield Park, NJ—07660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgefield Park, NJ
As of Oct '25, the median home price in Ridgefield Park, NJ is $578,000, with a year-over-year change of 1.8%. This indicates that home prices in Ridgefield Park, NJ are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $578,000 | 1.8% |
| Single Family | $589,000 | 0.9% |
| Condos | $260,000 | -11.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $471,000 | 1.7% |
3 Bed | $589,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgefield Park, NJ
As of July '25, Rentcast reports the average rent in Ridgefield Park, NJ is $2,260, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Ridgefield Park, NJ is studios: $1,550, 1-bedrooms: $1,850, 2-bedrooms: $2,490, 3-bedrooms: $2,910, 4-bedrooms: $3,700. The most common rental property sizes in Ridgefield Park, NJ are 1-bedroom and 2-bedroom, accounting for 54.6% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,260 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $1,850 | $1,850 |
| 2 Bed Rent | $2,500 | $2,490 |
| 3 Bed Rent | $2,800 | $2,910 |
| 4 Bed Rent | $3,700 | $3,700 |
% of Rental Stock
Property Listings — Ridgefield Park, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridgefield Park, NJ is 48. This is a increase of 65.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $594,000 | 3.0% |
Listing Count | 26 | 43.0% |
| Listings as % of Homes | 0.2% | 43.0% |
Days on Market | 48 | 65.0% |
Demographics — Ridgefield Park, NJ
As of the latest ACS Survey released in 2023, Ridgefield Park, NJ has a population of 13,200, which has increased by 1.8% over the past 5 years. Ridgefield Park, NJ is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | 1.8% |
% Under 18 | 23.1% | 10.5% |
% Seniors | 14.4% | 10.8% |
% WFH | 9.9% | 450.0% |
% w/ College Degree | 35.5% | -16.9% |
As of the latest ACS Survey released in 2023, Ridgefield Park, NJ is a predominantly hispanic area, with 49.5% of the population identifying as hispanic. The hispanic population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Ridgefield Park, NJ is white, making up 33.2% of the population. Foreign-born residents account for 38.5% of the population in Ridgefield Park, NJ, and this percentage has increased by 9.4% 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 | 33.2% | -15.3% |
% Black | 6.8% | 6.2% |
% Hispanic | 49.5% | 14.1% |
% Asian | 7.9% | -33.1% |
% Foreign Born | 38.5% | 9.4% |
Mortgage and Risk — Ridgefield Park, NJ
According to HUD data as of 2023, there were 131 mortgage originations in Ridgefield Park, NJ, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Ridgefield Park, NJ. Investor activity is low, as 3.0% 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 | 131 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ridgefield Park, NJ
As of 2024, the percent of homes in Ridgefield Park, NJ under the Section 8 program is 7.4%. 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 Ridgefield Park, 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 | 166 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,850 | $1,700 |
| 2 Bedroom | -$550 | $2,500 | $1,950 |
| 3 Bedroom | -$400 | $2,800 | $2,400 |
| 4 Bedroom | -$670 | $3,700 | $3,030 |
Affordability — Ridgefield Park, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $578,000 |
| Median Household Income | $98,200 |