Fair Haven, NJ—07704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fair Haven, NJ
As of Oct '25, the median home price in Fair Haven, NJ is $1,420,000, with a year-over-year change of 1.7%. This indicates that home prices in Fair Haven, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,420,000 | 1.7% |
| Single Family | $1,420,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $826,000 | 3.2% |
3 Bed | $1,106,000 | 1.4% |
4 Bed | $1,547,000 | 1.8% |
| 5 Bed | $2,105,000 | 1.2% |
% of Housing Stock
Rental Trends — Fair Haven, NJ
As of July '25, Rentcast reports the average rent in Fair Haven, NJ is $5,490, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Fair Haven, NJ is 1-bedrooms: $2,250, 3-bedrooms: $5,920, 4-bedrooms: $7,000. The most common rental property sizes in Fair Haven, NJ are 3-bedroom and 4-bedroom, accounting for 79.1% and 13.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,400 | $5,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,250 | $2,250 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $5,400 | $5,920 |
| 4 Bed Rent | $7,000 | $7,000 |
% of Rental Stock
Property Listings — Fair Haven, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Fair Haven, NJ is 70. This is a increase of 17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,670,000 | -21.0% |
Listing Count | 23 | 22.0% |
| Listings as % of Homes | 0.8% | 22.0% |
Days on Market | 70 | 17.0% |
Demographics — Fair Haven, NJ
As of the latest ACS Survey released in 2023, Fair Haven, NJ has a population of 6,180, which has increased by 4.0% over the past 5 years. Fair Haven, NJ is a popular place for families, as children make up 31.3% of the population. The area has a highly educated workforce, with 81.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,180 | 4.0% |
% Under 18 | 31.3% | -8.5% |
% Seniors | 10.3% | -10.4% |
% WFH | 23.4% | 162.9% |
% w/ College Degree | 81.0% | 12.3% |
As of the latest ACS Survey released in 2023, Fair Haven, NJ is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Fair Haven, NJ is black, making up 2.8% of the population. Foreign-born residents account for 4.2% of the population in Fair Haven, NJ, and this percentage has increased by 20.0% 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 | 93.0% | -0.1% |
% Black | 2.8% | -6.7% |
% Hispanic | 2.1% | -16.0% |
% Asian | 0.4% | -55.6% |
% Foreign Born | 4.2% | 20.0% |
Mortgage and Risk — Fair Haven, NJ
According to HUD data as of 2023, there were 156 mortgage originations in Fair Haven, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Fair Haven, 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 | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fair Haven, NJ
Fair Haven, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $2,250 | $1,930 |
| 2 Bedroom | N/A | N/A | $2,380 |
| 3 Bedroom | -$2,230 | $5,400 | $3,170 |
| 4 Bedroom | -$3,470 | $7,000 | $3,530 |
Affordability — Fair Haven, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $1,420,000 |
| Median Household Income | $237,000 |