Rumson, NJ—07760
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rumson, NJ
As of Oct '25, the median home price in Rumson, NJ is $1,697,000, with a year-over-year change of 2.6%. This indicates that home prices in Rumson, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,697,000 | 2.6% |
| Single Family | $1,968,000 | 2.9% |
| Condos | $811,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $496,000 | 12.0% |
2 Bed | $892,000 | 2.9% |
3 Bed | $1,285,000 | 4.3% |
4 Bed | $1,967,000 | 2.7% |
| 5 Bed | $3,294,000 | 3.7% |
% of Housing Stock
Rental Trends — Rumson, NJ
As of July '25, Rentcast reports the average rent in Rumson, NJ is $4,440, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Rumson, NJ is 1-bedrooms: $2,620, 2-bedrooms: $3,690, 3-bedrooms: $5,860, 4-bedrooms: $8,200. The most common rental property sizes in Rumson, NJ are 1-bedroom and 2-bedroom, accounting for 34.3% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,620 |
| 2 Bed Rent | $3,200 | $3,690 |
| 3 Bed Rent | $5,600 | $5,860 |
| 4 Bed Rent | $8,500 | $8,200 |
% of Rental Stock
Property Listings — Rumson, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Rumson, NJ is 38. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,810,000 | 2.0% |
Listing Count | 49 | -33.0% |
| Listings as % of Homes | 1.0% | -33.0% |
Days on Market | 38 | -34.0% |
Demographics — Rumson, NJ
As of the latest ACS Survey released in 2023, Rumson, NJ has a population of 9,560, which has increased by 7.8% over the past 5 years. Rumson, NJ is a moderately popular place for families, as children make up 22.6% of the population. The area has a highly educated workforce, with 75.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 25.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,560 | 7.8% |
% Under 18 | 22.6% | -21.8% |
% Seniors | 18.1% | 43.7% |
% WFH | 25.0% | 252.1% |
% w/ College Degree | 75.4% | 8.2% |
As of the latest ACS Survey released in 2023, Rumson, NJ is a predominantly white area, with 93.8% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Rumson, NJ is hispanic, making up 3.4% of the population. Foreign-born residents account for 5.1% of the population in Rumson, NJ, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | 1.4% |
% Black | 0.1% | -88.9% |
% Hispanic | 3.4% | -20.9% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 5.1% | -5.6% |
Mortgage and Risk — Rumson, NJ
According to HUD data as of 2023, there were 192 mortgage originations in Rumson, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Rumson, 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 | 192 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Rumson, NJ
As of 2024, the percent of homes in Rumson, NJ under the Section 8 program is 1.0%. 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 Rumson, 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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $2,200 | $1,950 |
| 2 Bedroom | -$790 | $3,200 | $2,410 |
| 3 Bedroom | -$2,390 | $5,600 | $3,210 |
| 4 Bedroom | -$4,930 | $8,500 | $3,570 |
Affordability — Rumson, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $1,697,000 |
| Median Household Income | $218,000 |