Rockaway, NJ 07866 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rockaway, NJ—07866

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$551,000

3.6% YoY Growth

Household Income

$124,000

17.1% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,500

13.6% YoY Growth

1-Bed Rent

$1,900

8.1% YoY Growth

2-Bed Rent

$2,450

6.8% YoY Growth

3-Bed Rent

$3,500

16.1% YoY Growth

Home Price Trends — Rockaway, NJ

As of Dec '25, the median home price in Rockaway, NJ is $551,000, with a year-over-year change of 3.6%. This indicates that home prices in Rockaway, NJ are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$551,000	3.6%
Single Family	$563,000	2.9%
Condos	$421,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rockaway, NJ

As of July '25, Rentcast reports the average rent in Rockaway, NJ is $2,750, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Rockaway, NJ is studios: $1,550, 1-bedrooms: $2,000, 2-bedrooms: $2,500, 3-bedrooms: $3,610, 4-bedrooms: $4,130. The most common rental property sizes in Rockaway, NJ are 2-bedroom and 1-bedroom, accounting for 43.5% and 24.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,750
Studio Rent	$1,500	$1,550
1 Bed Rent	$1,900	$2,000
2 Bed Rent	$2,450	$2,500
3 Bed Rent	$3,500	$3,610
4 Bed Rent	$3,500	$4,130

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% of Rental Stock

Studio

14.6%

1 Bedroom

24.5%

2 Bedrooms

43.5%

3 Bedrooms

14.3%

4 Bedrooms

1.9%

5+ Bedrooms

1.2%

Property Listings — Rockaway, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Rockaway, NJ is 41. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$537,000	-2.0%
Listing Count	61	5.0%
Listings as % of Homes	0.8%	5.0%
Days on Market	45	2.0%

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Demographics — Rockaway, NJ

As of the latest ACS Survey released in 2023, Rockaway, NJ has a population of 22,600, which has remained stable by -0.9% over the past 5 years. Rockaway, NJ is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 50.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,600	-0.9%
% Under 18	20.1%	-5.2%
% Seniors	19.5%	8.9%
% WFH	22.2%	226.5%
% w/ College Degree	50.2%	1.0%

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As of the latest ACS Survey released in 2023, Rockaway, NJ is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Rockaway, NJ is hispanic, making up 15.9% of the population. Foreign-born residents account for 14.4% of the population in Rockaway, NJ, and this percentage has decreased by 12.7% 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	74.4%	-2.7%
% Black	1.0%	-78.3%
% Hispanic	15.9%	37.1%
% Asian	5.6%	-6.7%
% Foreign Born	14.4%	-12.7%

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Mortgage and Risk — Rockaway, NJ

According to HUD data as of 2023, there were 439 mortgage originations in Rockaway, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Rockaway, NJ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	439
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Rockaway, NJ

As of 2024, the percent of homes in Rockaway, NJ under the Section 8 program is 1.8%. 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 Rockaway, 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	74
Total Units Section 8	35
% Rentals under Section 8	1.8%
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$1,900	$2,010
2 Bedroom	-$20	$2,450	$2,430
3 Bedroom	-$440	$3,500	$3,060
4 Bedroom	-$20	$3,500	$3,480

Rockaway, NJ—07866

Key Metrics at a Glance

Home Price Trends — Rockaway, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rockaway, NJ

% of Rental Stock

Property Listings — Rockaway, NJ

Demographics — Rockaway, NJ

Race and Ethnicity

Mortgage and Risk — Rockaway, NJ

Mortgages

Rentals and Section 8 — Rockaway, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Rockaway, NJ

Home Price to Income Ratio

Rockaway, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Denville, NJ

Boonton, NJ

Mountain Lakes, NJ

Tabor

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$551,000
Median Household Income	$124,000

Rockaway, NJ—07866

Key Metrics at a Glance

Home Price Trends — Rockaway, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rockaway, NJ

% of Rental Stock

Property Listings — Rockaway, NJ

Demographics — Rockaway, NJ

Race and Ethnicity

Mortgage and Risk — Rockaway, NJ

Mortgages

Rentals and Section 8 — Rockaway, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Rockaway, NJ

Home Price to Income Ratio

Rockaway, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Denville, NJ

Boonton, NJ

Mountain Lakes, NJ

Tabor

Frequently Asked Questions

What is the average home price in Rockaway, NJ 07866?

How have home prices in Rockaway, NJ 07866 changed over the past year?

What is the home price projection for Rockaway, NJ 07866?

What are the demographics of Rockaway, NJ 07866?

How long does it take homes to sell in Rockaway, NJ 07866?

What is the average rent price in Rockaway, NJ 07866?