Township of Washington, NJ—07676
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Township of Washington, NJ
As of Oct '25, the median home price in Township of Washington, NJ is $795,000, with a year-over-year change of 1.3%. This indicates that home prices in Township of Washington, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $795,000 | 1.3% |
| Single Family | $812,000 | 1.4% |
| Condos | $661,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $654,000 | 8.3% |
3 Bed | $772,000 | 3.6% |
4 Bed | $898,000 | 3.5% |
| 5 Bed | $1,118,000 | 4.1% |
% of Housing Stock
Rental Trends — Township of Washington, NJ
As of July '25, Rentcast reports the average rent in Township of Washington, NJ is $4,500, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Township of Washington, NJ is 2-bedrooms: $4,200, 3-bedrooms: $4,800. The most common rental property sizes in Township of Washington, NJ are 3-bedroom and 1-bedroom, accounting for 61.5% and 18.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $4,200 | $4,200 |
| 3 Bed Rent | $4,800 | $4,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Township of Washington, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Township of Washington, NJ is 33. 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $758,000 | 12.0% |
Listing Count | 11 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 33 | 32.0% |
Demographics — Township of Washington, NJ
As of the latest ACS Survey released in 2023, Township of Washington, NJ has a population of 9,280, which has remained stable by 0.5% over the past 5 years. Township of Washington, NJ is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,280 | 0.5% |
% Under 18 | 21.6% | -0.9% |
% Seniors | 22.6% | 6.1% |
% WFH | 18.4% | 327.9% |
% w/ College Degree | 58.7% | 7.9% |
As of the latest ACS Survey released in 2023, Township of Washington, NJ is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Township of Washington, NJ is hispanic, making up 8.3% of the population. Foreign-born residents account for 14.0% of the population in Township of Washington, NJ, and this percentage has increased by 3.7% 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 | 81.2% | -1.6% |
% Black | 1.7% | 240.0% |
% Hispanic | 8.3% | -25.2% |
% Asian | 6.3% | 8.6% |
% Foreign Born | 14.0% | 3.7% |
Mortgage and Risk — Township of Washington, NJ
According to HUD data as of 2023, there were 162 mortgage originations in Township of Washington, NJ, of which 93.0% 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 Township of Washington, NJ. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Township of Washington, NJ
Township of Washington, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,340 |
| 2 Bedroom | -$1,520 | $4,200 | $2,680 |
| 3 Bedroom | -$1,500 | $4,800 | $3,300 |
| 4 Bedroom | N/A | N/A | $4,170 |
Affordability — Township of Washington, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $795,000 |
| Median Household Income | $169,000 |