Randolph, NJ—07869
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Randolph, NJ
As of Oct '25, the median home price in Randolph, NJ is $779,000, with a year-over-year change of 3.0%. This indicates that home prices in Randolph, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $779,000 | 3.0% |
| Single Family | $795,000 | 3.1% |
| Condos | $556,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $522,000 | 3.6% |
3 Bed | $612,000 | 3.9% |
4 Bed | $867,000 | 4.3% |
| 5 Bed | $1,016,000 | 4.5% |
% of Housing Stock
Rental Trends — Randolph, NJ
As of July '25, Rentcast reports the average rent in Randolph, NJ is $3,890, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Randolph, NJ is 1-bedrooms: $2,100, 2-bedrooms: $3,240, 3-bedrooms: $3,980, 4-bedrooms: $6,880. The most common rental property sizes in Randolph, NJ are 1-bedroom and 2-bedroom, accounting for 55.3% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,970 | $2,100 |
| 2 Bed Rent | $3,250 | $3,240 |
| 3 Bed Rent | $3,600 | $3,980 |
| 4 Bed Rent | $5,000 | $6,880 |
% of Rental Stock
Property Listings — Randolph, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Randolph, NJ is 45. This is a increase of 25.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $761,000 | 9.0% |
Listing Count | 65 | 41.0% |
| Listings as % of Homes | 0.4% | 41.0% |
Days on Market | 45 | 25.0% |
Demographics — Randolph, NJ
As of the latest ACS Survey released in 2023, Randolph, NJ has a population of 25,900, which has remained stable by 0.4% over the past 5 years. Randolph, NJ is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 69.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | 0.4% |
% Under 18 | 26.3% | 9.6% |
% Seniors | 12.8% | -7.9% |
% WFH | 21.5% | 305.7% |
% w/ College Degree | 69.0% | 14.0% |
As of the latest ACS Survey released in 2023, Randolph, NJ is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Randolph, NJ is hispanic, making up 17.0% of the population. Foreign-born residents account for 21.0% of the population in Randolph, NJ, and this percentage has increased by 4.5% 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 | 65.8% | -9.4% |
% Black | 2.2% | -29.0% |
% Hispanic | 17.0% | 45.3% |
% Asian | 9.6% | -10.3% |
% Foreign Born | 21.0% | 4.5% |
Mortgage and Risk — Randolph, NJ
According to HUD data as of 2023, there were 410 mortgage originations in Randolph, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Randolph, NJ. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 410 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Randolph, NJ
As of 2024, the percent of homes in Randolph, NJ under the Section 8 program is 2.4%. 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 Randolph, 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 | 183 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,970 | $1,980 |
| 2 Bedroom | -$850 | $3,250 | $2,400 |
| 3 Bedroom | -$580 | $3,600 | $3,020 |
| 4 Bedroom | -$1,560 | $5,000 | $3,440 |
Affordability — Randolph, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $779,000 |
| Median Household Income | $171,000 |