Hackettstown, NJ 07840 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hackettstown, NJ—07840

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$478,000

2.3% YoY Growth

Household Income

$108,000

33.7% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$2,700

3.0% YoY Growth

1-Bed Rent

$1,900

4.3% YoY Growth

2-Bed Rent

$2,500

1.2% YoY Growth

3-Bed Rent

$3,500

9.3% YoY Growth

Home Price Trends — Hackettstown, NJ

As of Dec '25, the median home price in Hackettstown, NJ is $478,000, with a year-over-year change of 2.3%. This indicates that home prices in Hackettstown, NJ are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$478,000	2.3%
Single Family	$493,000	2.1%
Condos	$357,000	2.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hackettstown, NJ

As of July '25, Rentcast reports the average rent in Hackettstown, NJ is $2,760, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Hackettstown, NJ is studios: $1,660, 1-bedrooms: $1,940, 2-bedrooms: $2,510, 3-bedrooms: $3,540, 4-bedrooms: $3,630. The most common rental property sizes in Hackettstown, NJ are 1-bedroom and 2-bedroom, accounting for 46.1% and 35.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,700	$2,760
Studio Rent	$1,500	$1,660
1 Bed Rent	$1,900	$1,940
2 Bed Rent	$2,500	$2,510
3 Bed Rent	$3,500	$3,540
4 Bed Rent	$3,700	$3,630

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% of Rental Stock

Studio

5.9%

1 Bedroom

46.1%

2 Bedrooms

35.4%

3 Bedrooms

8.3%

4 Bedrooms

3.1%

5+ Bedrooms

1.2%

Property Listings — Hackettstown, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Hackettstown, NJ is 40. 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 5.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$535,000	3.0%
Listing Count	63	22.0%
Listings as % of Homes	0.5%	22.0%
Days on Market	44	4.0%

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Demographics — Hackettstown, NJ

As of the latest ACS Survey released in 2023, Hackettstown, NJ has a population of 32,000, which has increased by 7.3% over the past 5 years. Hackettstown, NJ is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	32,000	7.3%
% Under 18	20.7%	-0.5%
% Seniors	18.1%	12.4%
% WFH	13.7%	153.7%
% w/ College Degree	49.3%	24.8%

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As of the latest ACS Survey released in 2023, Hackettstown, NJ is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Hackettstown, NJ is hispanic, making up 16.6% of the population. Foreign-born residents account for 16.6% of the population in Hackettstown, NJ, and this percentage has decreased by 1.8% 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	69.9%	-8.1%
% Black	5.4%	38.5%
% Hispanic	16.6%	37.2%
% Asian	6.6%	-5.7%
% Foreign Born	16.6%	-1.8%

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Mortgage and Risk — Hackettstown, NJ

According to HUD data as of 2023, there were 664 mortgage originations in Hackettstown, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Hackettstown, NJ. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	664
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Hackettstown, NJ

As of 2024, the percent of homes in Hackettstown, NJ under the Section 8 program is 8.5%. 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 Hackettstown, 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	317
Total Units Section 8	317
% Rentals under Section 8	8.5%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$380	$1,900	$1,520
2 Bedroom	-$660	$2,500	$1,840
3 Bedroom	-$1,150	$3,500	$2,350
4 Bedroom	-$970	$3,700	$2,730

Hackettstown, NJ—07840

Key Metrics at a Glance

Home Price Trends — Hackettstown, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hackettstown, NJ

% of Rental Stock

Property Listings — Hackettstown, NJ

Demographics — Hackettstown, NJ

Race and Ethnicity

Mortgage and Risk — Hackettstown, NJ

Mortgages

Rentals and Section 8 — Hackettstown, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Hackettstown, NJ

Home Price to Income Ratio

Hackettstown, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Great Meadows-Vienna

Budd Lake, NJ

Great Meadows, NJ

Long Valley, NJ

Port Murray, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$478,000
Median Household Income	$108,000

Hackettstown, NJ—07840

Key Metrics at a Glance

Home Price Trends — Hackettstown, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hackettstown, NJ

% of Rental Stock

Property Listings — Hackettstown, NJ

Demographics — Hackettstown, NJ

Race and Ethnicity

Mortgage and Risk — Hackettstown, NJ

Mortgages

Rentals and Section 8 — Hackettstown, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Hackettstown, NJ

Home Price to Income Ratio

Hackettstown, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Great Meadows-Vienna

Budd Lake, NJ

Great Meadows, NJ

Long Valley, NJ

Port Murray, NJ

Frequently Asked Questions

What is the average home price in Hackettstown, NJ 07840?

How have home prices in Hackettstown, NJ 07840 changed over the past year?

What is the home price projection for Hackettstown, NJ 07840?

What are the demographics of Hackettstown, NJ 07840?

How long does it take homes to sell in Hackettstown, NJ 07840?

What is the average rent price in Hackettstown, NJ 07840?