Tenafly, NJ—07670
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tenafly, NJ
As of Oct '25, the median home price in Tenafly, NJ is $1,211,000, with a year-over-year change of 2.5%. This indicates that home prices in Tenafly, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,211,000 | 2.5% |
| Single Family | $1,243,000 | 2.6% |
| Condos | $493,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $616,000 | 1.8% |
3 Bed | $946,000 | 2.7% |
4 Bed | $1,300,000 | 4.3% |
| 5 Bed | $2,133,000 | 5.6% |
% of Housing Stock
Rental Trends — Tenafly, NJ
As of July '25, Rentcast reports the average rent in Tenafly, NJ is $5,450, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Tenafly, NJ is studios: $8,520, 1-bedrooms: $2,140, 2-bedrooms: $3,650, 3-bedrooms: $5,320, 4-bedrooms: $6,850. The most common rental property sizes in Tenafly, NJ are 3-bedroom and 2-bedroom, accounting for 37.8% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,250 | $5,450 |
| Studio Rent | $8,350 | $8,520 |
| 1 Bed Rent | $2,000 | $2,140 |
| 2 Bed Rent | $3,600 | $3,650 |
| 3 Bed Rent | $5,200 | $5,320 |
| 4 Bed Rent | $7,350 | $6,850 |
% of Rental Stock
Property Listings — Tenafly, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Tenafly, NJ is 37. This is a increase of 32.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,330,000 | 106.0% |
Listing Count | 25 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 37 | 32.0% |
Demographics — Tenafly, NJ
As of the latest ACS Survey released in 2023, Tenafly, NJ has a population of 15,300, which has increased by 3.8% over the past 5 years. Tenafly, NJ is a popular place for families, as children make up 31.2% of the population. The area has a highly educated workforce, with 79.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 3.8% |
% Under 18 | 31.2% | -1.0% |
% Seniors | 12.9% | -3.0% |
% WFH | 23.7% | 233.8% |
% w/ College Degree | 79.2% | -2.8% |
As of the latest ACS Survey released in 2023, Tenafly, NJ is a predominantly white area, with 58.3% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Tenafly, NJ is asian, making up 31.4% of the population. Foreign-born residents account for 38.1% of the population in Tenafly, NJ, and this percentage has increased by 5.8% 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 | 58.3% | 0.7% |
% Black | 1.2% | -62.5% |
% Hispanic | 7.5% | -20.2% |
% Asian | 31.4% | 14.6% |
% Foreign Born | 38.1% | 5.8% |
Mortgage and Risk — Tenafly, NJ
According to HUD data as of 2023, there were 213 mortgage originations in Tenafly, NJ, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Tenafly, NJ. Investor activity is low, as 4.0% 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 | 213 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Tenafly, NJ
As of 2024, the percent of homes in Tenafly, NJ under the Section 8 program is 3.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Tenafly, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $710 | $2,000 | $2,710 |
| 2 Bedroom | -$490 | $3,600 | $3,110 |
| 3 Bedroom | -$1,370 | $5,200 | $3,830 |
| 4 Bedroom | -$2,510 | $7,350 | $4,840 |
Affordability — Tenafly, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $1,211,000 |
| Median Household Income | $208,000 |