Belvidere, NJ—07823
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belvidere, NJ
As of Oct '25, the median home price in Belvidere, NJ is $384,000, with a year-over-year change of 4.3%. This indicates that home prices in Belvidere, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 4.3% |
| Single Family | $389,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 3.4% |
3 Bed | $386,000 | 3.2% |
4 Bed | $494,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belvidere, NJ
As of July '25, Rentcast reports the average rent in Belvidere, NJ is $1,780, with a year-over-year rent change of -21.2%. Per bedroom, the median rent as of July '25 in Belvidere, NJ is studios: $1,100, 1-bedrooms: $1,550, 2-bedrooms: $1,860, 4-bedrooms: $2,800. The most common rental property sizes in Belvidere, NJ are 1-bedroom and 2-bedroom, accounting for 45.6% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,780 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | $1,800 | $1,860 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Belvidere, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Belvidere, NJ is 56. This is a increase of 37.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | -14.0% |
Listing Count | 40 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 56 | 37.0% |
Demographics — Belvidere, NJ
As of the latest ACS Survey released in 2023, Belvidere, NJ has a population of 7,540, which has decreased by -3.7% over the past 5 years. Belvidere, NJ is a less popular place for families, as children make up 13.6% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,540 | -3.7% |
% Under 18 | 13.6% | -17.1% |
% Seniors | 28.2% | 0.0% |
% WFH | 6.0% | 66.7% |
% w/ College Degree | 23.8% | -16.5% |
As of the latest ACS Survey released in 2023, Belvidere, NJ is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Belvidere, NJ is hispanic, making up 8.3% of the population. Foreign-born residents account for 6.2% of the population in Belvidere, NJ, and this percentage has increased by 31.9% 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 | 87.2% | -5.9% |
% Black | 2.2% | 46.7% |
% Hispanic | 8.3% | 186.2% |
% Asian | 1.2% | -29.4% |
% Foreign Born | 6.2% | 31.9% |
Mortgage and Risk — Belvidere, NJ
According to HUD data as of 2023, there were 118 mortgage originations in Belvidere, NJ, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Belvidere, NJ. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Belvidere, NJ
Belvidere, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 157 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,550 | $1,150 |
| 2 Bedroom | -$410 | $1,800 | $1,390 |
| 3 Bedroom | N/A | N/A | $1,760 |
| 4 Bedroom | -$740 | $2,800 | $2,060 |
Affordability — Belvidere, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $384,000 |
| Median Household Income | $84,400 |