Denville, NJ 07834 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Denville, NJ—07834

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$677,000

2.9% YoY Growth

Household Income

$163,000

35.7% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$3,200

8.3% YoY Growth

1-Bed Rent

$2,000

7.1% YoY Growth

2-Bed Rent

$3,150

4.5% YoY Growth

3-Bed Rent

$3,330

9.8% YoY Growth

Home Price Trends — Denville, NJ

As of May '26, the median home price in Denville, NJ is $677,000, with a year-over-year change of 2.9%. This indicates that home prices in Denville, NJ are increasing. 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	$677,000	2.9%
Single Family	$684,000	3.0%
Condos	$565,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Denville, NJ

As of July '25, Rentcast reports the average rent in Denville, NJ is $3,410, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Denville, NJ is 1-bedrooms: $2,100, 2-bedrooms: $3,030, 3-bedrooms: $3,710, 4-bedrooms: $4,430. The most common rental property sizes in Denville, NJ are 1-bedroom and 2-bedroom, accounting for 36.2% and 27.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,200	$3,410
Studio Rent	N/A	N/A
1 Bed Rent	$2,000	$2,100
2 Bed Rent	$3,150	$3,030
3 Bed Rent	$3,330	$3,710
4 Bed Rent	$4,600	$4,430

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% of Rental Stock

Studio

13.1%

1 Bedroom

36.2%

2 Bedrooms

27.7%

3 Bedrooms

21.7%

4 Bedrooms

1.3%

Property Listings — Denville, NJ

As of May '26, Realtor.com reports that the median days on market for a home in Denville, NJ is 39. This is a decrease 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$799,000	13.0%
Listing Count	67	38.0%
Listings as % of Homes	0.5%	38.0%
Days on Market	39	-1.0%

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Demographics — Denville, NJ

As of the latest ACS Survey released in 2023, Denville, NJ has a population of 18,200, which has increased by 2.0% over the past 5 years. Denville, NJ is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 61.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,200	2.0%
% Under 18	20.9%	-0.5%
% Seniors	17.5%	-7.9%
% WFH	23.8%	310.3%
% w/ College Degree	61.6%	7.3%

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As of the latest ACS Survey released in 2023, Denville, NJ is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Denville, NJ is asian, making up 9.2% of the population. Foreign-born residents account for 13.1% of the population in Denville, NJ, and this percentage has increased by 7.4% 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	77.2%	-4.6%
% Black	2.0%	-4.8%
% Hispanic	7.5%	19.0%
% Asian	9.2%	-4.2%
% Foreign Born	13.1%	7.4%

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Mortgage and Risk — Denville, NJ

According to HUD data as of 2023, there were 360 mortgage originations in Denville, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Denville, NJ. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	360
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Denville, NJ

As of 2024, the percent of homes in Denville, NJ under the Section 8 program is 6.1%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Denville, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	119
Total Units Section 8	62
% Rentals under Section 8	6.1%
% Occupied Section 8	97.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$2,000	$2,050
2 Bedroom	-$670	$3,150	$2,480
3 Bedroom	-$210	$3,330	$3,120
4 Bedroom	-$1,050	$4,600	$3,550

Denville, NJ—07834

Key Metrics at a Glance

Home Price Trends — Denville, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Denville, NJ

% of Rental Stock

Property Listings — Denville, NJ

Demographics — Denville, NJ

Race and Ethnicity

Mortgage and Risk — Denville, NJ

Mortgages

Rentals and Section 8 — Denville, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Denville, NJ

Home Price to Income Ratio

Denville, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Tabor

Morris Plains, NJ

Mountain Lakes, NJ

Rockaway, NJ

Cedar Knolls, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$677,000
Median Household Income	$163,000

Denville, NJ—07834

Key Metrics at a Glance

Home Price Trends — Denville, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Denville, NJ

% of Rental Stock

Property Listings — Denville, NJ

Demographics — Denville, NJ

Race and Ethnicity

Mortgage and Risk — Denville, NJ

Mortgages

Rentals and Section 8 — Denville, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Denville, NJ

Home Price to Income Ratio

Denville, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Tabor

Morris Plains, NJ

Mountain Lakes, NJ

Rockaway, NJ

Cedar Knolls, NJ

Frequently Asked Questions

What is the average home price in Denville, NJ 07834?

How have home prices in Denville, NJ 07834 changed over the past year?

What is the home price projection for Denville, NJ 07834?

What are the demographics of Denville, NJ 07834?

How long does it take homes to sell in Denville, NJ 07834?

What is the average rent price in Denville, NJ 07834?