Hazlet Township, NJ—07730
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hazlet Township, NJ
As of Oct '25, the median home price in Hazlet Township, NJ is $595,000, with a year-over-year change of 2.5%. This indicates that home prices in Hazlet Township, 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 | $595,000 | 2.5% |
| Single Family | $601,000 | 2.4% |
| Condos | $350,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 0.5% |
3 Bed | $572,000 | 2.3% |
4 Bed | $637,000 | 2.1% |
| 5 Bed | $686,000 | 0.9% |
% of Housing Stock
Rental Trends — Hazlet Township, NJ
As of July '25, Rentcast reports the average rent in Hazlet Township, NJ is $3,180, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Hazlet Township, NJ is 1-bedrooms: $2,410, 2-bedrooms: $3,150, 3-bedrooms: $3,200, 4-bedrooms: $3,600. The most common rental property sizes in Hazlet Township, NJ are 1-bedroom and 2-bedroom, accounting for 40.9% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,410 | $2,410 |
| 2 Bed Rent | $2,650 | $3,150 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $3,400 | $3,600 |
% of Rental Stock
Property Listings — Hazlet Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hazlet Township, NJ is 27. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $606,000 | 3.0% |
Listing Count | 50 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 27 | 1.0% |
Demographics — Hazlet Township, NJ
As of the latest ACS Survey released in 2023, Hazlet Township, NJ has a population of 17,200, which has increased by 1.2% over the past 5 years. Hazlet Township, NJ is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | 1.2% |
% Under 18 | 18.2% | -14.2% |
% Seniors | 21.0% | 14.1% |
% WFH | 12.1% | 426.1% |
% w/ College Degree | 31.9% | -9.6% |
As of the latest ACS Survey released in 2023, Hazlet Township, NJ is a predominantly white area, with 80.1% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Hazlet Township, NJ is hispanic, making up 13.1% of the population. Foreign-born residents account for 9.4% of the population in Hazlet Township, NJ, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.1% | -4.8% |
% Black | 0.8% | -61.9% |
% Hispanic | 13.1% | 40.9% |
% Asian | 2.2% | -46.3% |
% Foreign Born | 9.4% | 0.0% |
Mortgage and Risk — Hazlet Township, NJ
According to HUD data as of 2023, there were 307 mortgage originations in Hazlet Township, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hazlet Township, NJ. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hazlet Township, NJ
As of 2024, the percent of homes in Hazlet Township, NJ under the Section 8 program is 52.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hazlet Township, 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 | 354 |
Total Units Section 8 | 355 |
% Rentals under Section 8 | 52.4% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,190 | $2,410 | $1,220 |
| 2 Bedroom | -$1,140 | $2,650 | $1,510 |
| 3 Bedroom | -$1,190 | $3,200 | $2,010 |
| 4 Bedroom | -$1,160 | $3,400 | $2,240 |
Affordability — Hazlet Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $595,000 |
| Median Household Income | $122,000 |