Wharton, NJ 07885 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wharton, NJ—07885

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$493,000

3.0% YoY Growth

Household Income

$101,000

36.8% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,400

19.7% YoY Growth

1-Bed Rent

$1,900

3.4% YoY Growth

2-Bed Rent

$2,700

7.3% YoY Growth

3-Bed Rent

$3,100

N/A

Home Price Trends — Wharton, NJ

As of Dec '25, the median home price in Wharton, NJ is $493,000, with a year-over-year change of 3.0%. This indicates that home prices in Wharton, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$493,000	3.0%
Single Family	$509,000	2.4%
Condos	$345,000	3.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wharton, NJ

As of July '25, Rentcast reports the average rent in Wharton, NJ is $2,550, with a year-over-year rent change of 19.7%. Per bedroom, the median rent as of July '25 in Wharton, NJ is studios: $1,960, 1-bedrooms: $1,960, 2-bedrooms: $2,490, 3-bedrooms: $3,320, 4-bedrooms: $3,950. The most common rental property sizes in Wharton, NJ are 2-bedroom and 1-bedroom, accounting for 46.6% and 34.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,400	$2,550
Studio Rent	$1,960	$1,960
1 Bed Rent	$1,900	$1,960
2 Bed Rent	$2,700	$2,490
3 Bed Rent	$3,100	$3,320
4 Bed Rent	$3,900	$3,950

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% of Rental Stock

Studio

4.6%

1 Bedroom

34.6%

2 Bedrooms

46.6%

3 Bedrooms

10.9%

4 Bedrooms

3.4%

Property Listings — Wharton, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Wharton, NJ is 48. 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$492,000	4.0%
Listing Count	21	-16.0%
Listings as % of Homes	0.4%	-16.0%
Days on Market	35	19.0%

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Demographics — Wharton, NJ

As of the latest ACS Survey released in 2023, Wharton, NJ has a population of 11,900, which has increased by 18.0% over the past 5 years. Wharton, NJ is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 38.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,900	18.0%
% Under 18	20.1%	-14.8%
% Seniors	17.2%	17.8%
% WFH	13.5%	1,828.6%
% w/ College Degree	38.4%	28.9%

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As of the latest ACS Survey released in 2023, Wharton, NJ is a predominantly white area, with 58.5% of the population identifying as white. The white population has grown by 7.7% in the last 5 years. The second most common race or ethnicity in Wharton, NJ is hispanic, making up 34.7% of the population. Foreign-born residents account for 19.1% of the population in Wharton, NJ, and this percentage has decreased by 21.7% 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	58.5%	7.7%
% Black	1.4%	0.0%
% Hispanic	34.7%	-4.1%
% Asian	0.9%	-86.2%
% Foreign Born	19.1%	-21.7%

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Mortgage and Risk — Wharton, NJ

According to HUD data as of 2023, there were 80 mortgage originations in Wharton, NJ, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Wharton, NJ. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	80
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Wharton, NJ

As of 2024, the percent of homes in Wharton, NJ under the Section 8 program is 5.2%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wharton, NJ, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	87
Total Units Section 8	87
% Rentals under Section 8	5.2%
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$1,900	$2,190
2 Bedroom	-$50	$2,700	$2,650
3 Bedroom	$240	$3,100	$3,340
4 Bedroom	-$100	$3,900	$3,800

Wharton, NJ—07885

Key Metrics at a Glance

Home Price Trends — Wharton, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wharton, NJ

% of Rental Stock

Property Listings — Wharton, NJ

Demographics — Wharton, NJ

Race and Ethnicity

Mortgage and Risk — Wharton, NJ

Mortgages

Rentals and Section 8 — Wharton, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Wharton, NJ

Home Price to Income Ratio

Wharton, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Lake Hopatcong, NJ

Mount Arlington, NJ

Mine Hill Township, NJ

Kenvil, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$493,000
Median Household Income	$101,000

Wharton, NJ—07885

Key Metrics at a Glance

Home Price Trends — Wharton, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wharton, NJ

% of Rental Stock

Property Listings — Wharton, NJ

Demographics — Wharton, NJ

Race and Ethnicity

Mortgage and Risk — Wharton, NJ

Mortgages

Rentals and Section 8 — Wharton, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Wharton, NJ

Home Price to Income Ratio

Wharton, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Dover, NJ

Lake Hopatcong, NJ

Mount Arlington, NJ

Mine Hill Township, NJ

Kenvil, NJ

Frequently Asked Questions

What is the average home price in Wharton, NJ 07885?

How have home prices in Wharton, NJ 07885 changed over the past year?

What is the home price projection for Wharton, NJ 07885?

What are the demographics of Wharton, NJ 07885?

How long does it take homes to sell in Wharton, NJ 07885?

What is the average rent price in Wharton, NJ 07885?