Succasunna, NJ—07876
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Succasunna, NJ
As of Oct '25, the median home price in Succasunna, NJ is $644,000, with a year-over-year change of 2.5%. This indicates that home prices in Succasunna, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $644,000 | 2.5% |
| Single Family | $648,000 | 1.9% |
| Condos | $378,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $399,000 | 4.5% |
3 Bed | $581,000 | 3.8% |
4 Bed | $707,000 | 3.8% |
| 5 Bed | $766,000 | 3.2% |
% of Housing Stock
Rental Trends — Succasunna, NJ
As of July '25, Rentcast reports the average rent in Succasunna, NJ is $2,750, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Succasunna, NJ is 1-bedrooms: $1,800, 2-bedrooms: $2,890, 3-bedrooms: $3,100. The most common rental property sizes in Succasunna, NJ are 2-bedroom and 4-bedroom, accounting for 43.6% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $2,900 | $2,890 |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Succasunna, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Succasunna, NJ is 42. This is a increase of 22.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $567,000 | -12.0% |
Listing Count | 23 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 42 | 22.0% |
Demographics — Succasunna, NJ
As of the latest ACS Survey released in 2023, Succasunna, NJ has a population of 9,670, which has decreased by -7.0% over the past 5 years. Succasunna, NJ is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 48.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,670 | -7.0% |
% Under 18 | 19.5% | 0.5% |
% Seniors | 20.0% | 0.5% |
% WFH | 16.8% | 133.3% |
% w/ College Degree | 48.8% | 8.7% |
As of the latest ACS Survey released in 2023, Succasunna, NJ is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Succasunna, NJ is hispanic, making up 11.4% of the population. Foreign-born residents account for 15.3% of the population in Succasunna, NJ, and this percentage has increased by 15.9% 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 | 76.9% | -8.6% |
% Black | 2.5% | -24.2% |
% Hispanic | 11.4% | 65.2% |
% Asian | 5.0% | 2.0% |
% Foreign Born | 15.3% | 15.9% |
Mortgage and Risk — Succasunna, NJ
According to HUD data as of 2023, there were 160 mortgage originations in Succasunna, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Succasunna, NJ. Investor activity is low, as 0.0% 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 | 160 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Succasunna, NJ
Succasunna, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,800 | $2,440 |
| 2 Bedroom | $50 | $2,900 | $2,950 |
| 3 Bedroom | $620 | $3,100 | $3,720 |
| 4 Bedroom | N/A | N/A | $4,230 |
Affordability — Succasunna, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $644,000 |
| Median Household Income | $164,000 |