River Edge, NJ—07661
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — River Edge, NJ
As of Oct '25, the median home price in River Edge, NJ is $802,000, with a year-over-year change of 3.6%. This indicates that home prices in River Edge, NJ are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $802,000 | 3.6% |
| Single Family | $807,000 | 4.0% |
| 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 | $770,000 | 5.2% |
4 Bed | $938,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — River Edge, NJ
As of July '25, Rentcast reports the average rent in River Edge, NJ is $3,000, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in River Edge, NJ is studios: $1,700, 1-bedrooms: $2,050, 3-bedrooms: $3,790, 4-bedrooms: $4,850. The most common rental property sizes in River Edge, NJ are 1-bedroom and 2-bedroom, accounting for 65.8% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $3,000 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $1,970 | $2,050 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,900 | $3,790 |
| 4 Bed Rent | $4,850 | $4,850 |
% of Rental Stock
Property Listings — River Edge, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in River Edge, NJ is 19. This is a decrease of -10.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $844,000 | 26.0% |
Listing Count | 16 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 19 | -10.0% |
Demographics — River Edge, NJ
As of the latest ACS Survey released in 2023, River Edge, NJ has a population of 12,000, which has increased by 4.3% over the past 5 years. River Edge, NJ is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 70.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | 4.3% |
% Under 18 | 21.4% | -13.4% |
% Seniors | 15.3% | 15.0% |
% WFH | 20.1% | 272.2% |
% w/ College Degree | 70.8% | 18.2% |
As of the latest ACS Survey released in 2023, River Edge, NJ is a predominantly white area, with 54.7% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in River Edge, NJ is asian, making up 28.4% of the population. Foreign-born residents account for 27.0% of the population in River Edge, NJ, and this percentage has increased by 3.4% 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 | 54.7% | -10.5% |
% Black | 4.7% | 123.8% |
% Hispanic | 8.7% | -26.3% |
% Asian | 28.4% | 29.7% |
% Foreign Born | 27.0% | 3.4% |
Mortgage and Risk — River Edge, NJ
According to HUD data as of 2023, there were 156 mortgage originations in River Edge, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in River Edge, NJ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — River Edge, NJ
River Edge, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,970 | $1,940 |
| 2 Bedroom | N/A | N/A | $2,230 |
| 3 Bedroom | -$1,160 | $3,900 | $2,740 |
| 4 Bedroom | -$1,380 | $4,850 | $3,470 |
Affordability — River Edge, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $802,000 |
| Median Household Income | $156,000 |