Highlands, NJ—07732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highlands, NJ
As of Oct '25, the median home price in Highlands, NJ is $542,000, with a year-over-year change of -1.6%. This indicates that home prices in Highlands, NJ are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $542,000 | -1.6% |
| Single Family | $612,000 | -4.2% |
| Condos | $421,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $351,000 | 1.4% |
2 Bed | $510,000 | 0.2% |
3 Bed | $685,000 | -2.0% |
4 Bed | $851,000 | -3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Highlands, NJ
As of July '25, Rentcast reports the average rent in Highlands, NJ is $4,050, with a year-over-year rent change of 31.9%. Per bedroom, the median rent as of July '25 in Highlands, NJ is 1-bedrooms: $2,850, 2-bedrooms: $3,400, 3-bedrooms: $4,890, 4-bedrooms: $5,670. The most common rental property sizes in Highlands, NJ are 1-bedroom and 2-bedroom, accounting for 47.2% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $4,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,850 |
| 2 Bed Rent | $2,950 | $3,400 |
| 3 Bed Rent | $4,000 | $4,890 |
| 4 Bed Rent | $4,000 | $5,670 |
% of Rental Stock
Property Listings — Highlands, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Highlands, NJ is 38. This is a increase of 60.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | -13.0% |
Listing Count | 33 | -1.0% |
| Listings as % of Homes | 0.9% | -1.0% |
Days on Market | 38 | 60.0% |
Demographics — Highlands, NJ
As of the latest ACS Survey released in 2023, Highlands, NJ has a population of 4,690, which has decreased by -3.1% over the past 5 years. Highlands, NJ is a moderately popular place for families, as children make up 15.2% of the population. The area has a highly educated workforce, with 54.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,690 | -3.1% |
% Under 18 | 15.2% | 85.4% |
% Seniors | 24.7% | 35.7% |
% WFH | 24.4% | 525.6% |
% w/ College Degree | 54.1% | 78.0% |
As of the latest ACS Survey released in 2023, Highlands, NJ is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Highlands, NJ is asian, making up 7.6% of the population. Foreign-born residents account for 15.4% of the population in Highlands, NJ, and this percentage has increased by 234.8% 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 | 79.2% | -14.0% |
% Black | 3.8% | 58.3% |
% Hispanic | 6.4% | 178.3% |
% Asian | 7.6% | 660.0% |
% Foreign Born | 15.4% | 234.8% |
Mortgage and Risk — Highlands, NJ
According to HUD data as of 2023, there were 99 mortgage originations in Highlands, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Highlands, NJ. Investor activity is low, as 1.0% 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 | 99 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Highlands, NJ
As of 2024, the percent of homes in Highlands, NJ under the Section 8 program is 17.2%. 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 Highlands, 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 | 157 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$530 | $2,200 | $1,670 |
| 2 Bedroom | -$890 | $2,950 | $2,060 |
| 3 Bedroom | -$1,260 | $4,000 | $2,740 |
| 4 Bedroom | -$950 | $4,000 | $3,050 |
Affordability — Highlands, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $542,000 |
| Median Household Income | $90,200 |