Great Meadows, NJ—07838
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Great Meadows, NJ
As of Oct '25, the median home price in Great Meadows, NJ is $465,000, with a year-over-year change of 1.7%. This indicates that home prices in Great Meadows, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | 1.7% |
| Single Family | $488,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $481,000 | 4.3% |
4 Bed | $576,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Great Meadows, NJ
As of July '25, Rentcast reports the average rent in Great Meadows, NJ is $2,100, with a year-over-year rent change of -10.3%. Per bedroom, the median rent as of July '25 in Great Meadows, NJ is 1-bedrooms: $1,920, 2-bedrooms: $2,280. The most common rental property sizes in Great Meadows, NJ are 1-bedroom and 2-bedroom, accounting for 36.5% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,920 |
| 2 Bed Rent | $2,250 | $2,280 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Great Meadows, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Great Meadows, NJ is 63. This is a increase of 16.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 6.0% |
Listing Count | 12 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 63 | 16.0% |
Demographics — Great Meadows, NJ
As of the latest ACS Survey released in 2023, Great Meadows, NJ has a population of 3,500, which has increased by 10.6% over the past 5 years. Great Meadows, NJ is a moderately popular place for families, as children make up 16.0% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,500 | 10.6% |
% Under 18 | 16.0% | -15.8% |
% Seniors | 19.7% | 34.9% |
% WFH | 13.6% | 76.6% |
% w/ College Degree | 42.5% | -4.9% |
As of the latest ACS Survey released in 2023, Great Meadows, NJ is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Great Meadows, NJ is hispanic, making up 5.6% of the population. Foreign-born residents account for 7.5% of the population in Great Meadows, NJ, and this percentage has increased by 17.2% 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 | 89.9% | -3.9% |
% Black | 0.5% | -54.5% |
% Hispanic | 5.6% | 47.4% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 7.5% | 17.2% |
Mortgage and Risk — Great Meadows, NJ
Great Meadows, NJ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Great Meadows, NJ
Great Meadows, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,900 | $1,790 |
| 2 Bedroom | -$80 | $2,250 | $2,170 |
| 3 Bedroom | N/A | N/A | $2,780 |
| 4 Bedroom | N/A | N/A | $3,250 |
Affordability — Great Meadows, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $465,000 |
| Median Household Income | $122,000 |