Farmingdale, NJ—07727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmingdale, NJ
As of Oct '25, the median home price in Farmingdale, NJ is $792,000, with a year-over-year change of 0.9%. This indicates that home prices in Farmingdale, NJ are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $792,000 | 0.9% |
| Single Family | $802,000 | 0.6% |
| Condos | $481,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $681,000 | 0.4% |
3 Bed | $700,000 | 1.4% |
4 Bed | $908,000 | 1.8% |
| 5 Bed | $1,017,000 | 1.0% |
% of Housing Stock
Rental Trends — Farmingdale, NJ
As of July '25, Rentcast reports the average rent in Farmingdale, NJ is $4,160, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Farmingdale, NJ is 1-bedrooms: $1,720, 2-bedrooms: $2,500, 3-bedrooms: $4,450, 4-bedrooms: $9,500. The most common rental property sizes in Farmingdale, NJ are 1-bedroom and 2-bedroom, accounting for 41.4% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,720 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $4,500 | $4,450 |
| 4 Bed Rent | $9,500 | $9,500 |
% of Rental Stock
Property Listings — Farmingdale, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmingdale, NJ is 40. This is a increase of 3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $830,000 | 3.0% |
Listing Count | 39 | -14.0% |
| Listings as % of Homes | 1.1% | -14.0% |
Days on Market | 40 | 3.0% |
Demographics — Farmingdale, NJ
As of the latest ACS Survey released in 2023, Farmingdale, NJ has a population of 7,140, which has decreased by -4.6% over the past 5 years. Farmingdale, NJ is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 48.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,140 | -4.6% |
% Under 18 | 18.0% | -28.0% |
% Seniors | 22.6% | 49.7% |
% WFH | 16.6% | 492.9% |
% w/ College Degree | 48.9% | 23.8% |
As of the latest ACS Survey released in 2023, Farmingdale, NJ is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Farmingdale, NJ is black, making up 11.3% of the population. Foreign-born residents account for 11.0% of the population in Farmingdale, NJ, and this percentage has increased by 23.6% 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 | 71.4% | -6.4% |
% Black | 11.3% | 24.2% |
% Hispanic | 9.9% | 6.5% |
% Asian | 4.9% | -3.9% |
% Foreign Born | 11.0% | 23.6% |
Mortgage and Risk — Farmingdale, NJ
According to HUD data as of 2023, there were 211 mortgage originations in Farmingdale, NJ, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Farmingdale, NJ. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 211 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Farmingdale, NJ
As of 2024, the percent of homes in Farmingdale, NJ under the Section 8 program is 13.3%. 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 Farmingdale, 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 | 65 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,500 | $1,360 |
| 2 Bedroom | -$820 | $2,500 | $1,680 |
| 3 Bedroom | -$2,260 | $4,500 | $2,240 |
| 4 Bedroom | -$7,010 | $9,500 | $2,490 |
Affordability — Farmingdale, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $792,000 |
| Median Household Income | $131,000 |