Teaneck, NJ—07666
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Teaneck, NJ
As of Oct '25, the median home price in Teaneck, NJ is $675,000, with a year-over-year change of 6.8%. This indicates that home prices in Teaneck, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $675,000 | 6.8% |
| Single Family | $685,000 | 6.4% |
| Condos | $401,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $509,000 | 6.7% |
3 Bed | $665,000 | 6.1% |
4 Bed | $766,000 | 7.0% |
| 5 Bed | $1,175,000 | 10.3% |
% of Housing Stock
Rental Trends — Teaneck, NJ
As of July '25, Rentcast reports the average rent in Teaneck, NJ is $3,500, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Teaneck, NJ is studios: $1,970, 1-bedrooms: $2,070, 2-bedrooms: $3,010, 3-bedrooms: $3,920, 4-bedrooms: $4,900. The most common rental property sizes in Teaneck, NJ are 2-bedroom and 1-bedroom, accounting for 46.2% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,500 |
| Studio Rent | $1,800 | $1,970 |
| 1 Bed Rent | $1,950 | $2,070 |
| 2 Bed Rent | $2,900 | $3,010 |
| 3 Bed Rent | $3,900 | $3,920 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Teaneck, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Teaneck, NJ is 37. This is a increase of 15.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $680,000 | 1.0% |
Listing Count | 72 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 37 | 15.0% |
Demographics — Teaneck, NJ
As of the latest ACS Survey released in 2023, Teaneck, NJ has a population of 41,500, which has increased by 2.4% over the past 5 years. Teaneck, NJ is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 54.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,500 | 2.4% |
% Under 18 | 23.7% | 0.4% |
% Seniors | 18.0% | 10.4% |
% WFH | 21.1% | 270.2% |
% w/ College Degree | 54.3% | -4.6% |
As of the latest ACS Survey released in 2023, Teaneck, NJ is a predominantly white area, with 39.3% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Teaneck, NJ is hispanic, making up 25.7% of the population. Foreign-born residents account for 26.6% of the population in Teaneck, NJ, and this percentage has increased by 17.7% 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 | 39.3% | -13.8% |
% Black | 21.4% | -19.2% |
% Hispanic | 25.7% | 36.0% |
% Asian | 8.5% | 2.4% |
% Foreign Born | 26.6% | 17.7% |
Mortgage and Risk — Teaneck, NJ
According to HUD data as of 2023, there were 449 mortgage originations in Teaneck, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Teaneck, NJ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 449 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Teaneck, NJ
As of 2024, the percent of homes in Teaneck, NJ under the Section 8 program is 12.6%. 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 Teaneck, 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 | 441 |
Total Units Section 8 | 377 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,950 | $1,820 |
| 2 Bedroom | -$810 | $2,900 | $2,090 |
| 3 Bedroom | -$1,330 | $3,900 | $2,570 |
| 4 Bedroom | -$1,650 | $4,900 | $3,250 |
Affordability — Teaneck, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $675,000 |
| Median Household Income | $134,000 |