River Vale, NJ—07675
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — River Vale, NJ
As of Oct '25, the median home price in River Vale, NJ is $871,000, with a year-over-year change of 3.3%. This indicates that home prices in River Vale, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $871,000 | 3.3% |
| Single Family | $895,000 | 3.3% |
| Condos | $598,000 | 7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $612,000 | 6.4% |
3 Bed | $808,000 | 4.8% |
4 Bed | $995,000 | 4.6% |
| 5 Bed | $1,421,000 | 6.2% |
% of Housing Stock
Rental Trends — River Vale, NJ
As of July '25, Rentcast reports the average rent in River Vale, NJ is $4,240, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in River Vale, NJ is studios: $1,750, 1-bedrooms: $2,140, 2-bedrooms: $3,490, 3-bedrooms: $5,420, 4-bedrooms: $5,370. The most common rental property sizes in River Vale, NJ are 1-bedroom and 2-bedroom, accounting for 42.8% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $4,240 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $2,110 | $2,140 |
| 2 Bed Rent | $3,350 | $3,490 |
| 3 Bed Rent | $5,200 | $5,420 |
| 4 Bed Rent | $5,500 | $5,370 |
% of Rental Stock
Property Listings — River Vale, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in River Vale, NJ is 34. This is a increase of 20.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,260,000 | 29.0% |
Listing Count | 43 | -22.0% |
| Listings as % of Homes | 0.5% | -22.0% |
Days on Market | 34 | 20.0% |
Demographics — River Vale, NJ
As of the latest ACS Survey released in 2023, River Vale, NJ has a population of 27,000, which has remained stable by 0.0% over the past 5 years. River Vale, NJ is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 65.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | 0.0% |
% Under 18 | 22.1% | -6.4% |
% Seniors | 19.2% | 1.6% |
% WFH | 20.4% | 155.0% |
% w/ College Degree | 65.2% | 13.6% |
As of the latest ACS Survey released in 2023, River Vale, NJ is a predominantly white area, with 65.6% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in River Vale, NJ is asian, making up 16.3% of the population. Foreign-born residents account for 18.6% of the population in River Vale, NJ, and this percentage has increased by 15.5% 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 | 65.6% | -11.8% |
% Black | 1.9% | 11.8% |
% Hispanic | 12.8% | 19.6% |
% Asian | 16.3% | 55.2% |
% Foreign Born | 18.6% | 15.5% |
Mortgage and Risk — River Vale, NJ
According to HUD data as of 2023, there were 455 mortgage originations in River Vale, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in River Vale, NJ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — River Vale, NJ
As of 2024, the percent of homes in River Vale, NJ under the Section 8 program is 12.7%. 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 River Vale, 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 | 313 |
Total Units Section 8 | 249 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $2,110 | $2,320 |
| 2 Bedroom | -$690 | $3,350 | $2,660 |
| 3 Bedroom | -$1,930 | $5,200 | $3,270 |
| 4 Bedroom | -$1,360 | $5,500 | $4,140 |
Affordability — River Vale, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $871,000 |
| Median Household Income | $177,000 |