Hackettstown, NJ—07840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hackettstown, NJ
As of Oct '25, the median home price in Hackettstown, NJ is $481,000, with a year-over-year change of 2.6%. This indicates that home prices in Hackettstown, NJ are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $481,000 | 2.6% |
| Single Family | $496,000 | 2.1% |
| Condos | $360,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $264,000 | 3.1% |
2 Bed | $356,000 | 1.7% |
3 Bed | $476,000 | 3.7% |
4 Bed | $604,000 | 3.1% |
| 5 Bed | $692,000 | 2.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hackettstown, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Hackettstown, NJ is 34. This is a increase of 4.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $506,000 | -3.0% |
Listing Count | 86 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 34 | 4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Hackettstown, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $481,000 |
| Median Household Income | $108,000 |