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Berkeley Heights, NJ—07922

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$885,000
1.1% YoY Growth
Household Income
$179,000
6.8% YoY Growth
Days on Market
37
5.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$3,500
3.5% YoY Growth
1-Bed Rent
$2,500
33.2% YoY Growth
2-Bed Rent
$3,250
3.4% YoY Growth
3-Bed Rent
$3,850
12.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Berkeley Heights, NJ

As of Dec '25, the median home price in Berkeley Heights, NJ is $885,000, with a year-over-year change of 1.1%. This indicates that home prices in Berkeley Heights, NJ are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$885,0001.1%
Single Family $904,0001.7%
Condos $534,0002.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$530,0000.8%
    3 Bed
    		$792,0003.4%
    4 Bed
    		$994,0003.3%
    5 Bed $1,241,3453.8%
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    % of Housing Stock

    1 Bedroom
    3.7%
    2 Bedrooms
    10.7%
    3 Bedrooms
    25.6%
    4 Bedrooms
    44.9%
    5+ Bedrooms
    15.1%

    Rental Trends — Berkeley Heights, NJ

    As of July '25, Rentcast reports the average rent in Berkeley Heights, NJ is $3,540, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Berkeley Heights, NJ is 1-bedrooms: $2,530, 2-bedrooms: $3,390, 3-bedrooms: $4,030, 4-bedrooms: $5,180. The most common rental property sizes in Berkeley Heights, NJ are 1-bedroom and 4-bedroom, accounting for 40.8% and 30.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,500$3,540
    Studio Rent N/AN/A
    1 Bed Rent $2,500$2,530
    2 Bed Rent $3,250$3,390
    3 Bed Rent $3,850$4,030
    4 Bed Rent $5,500$5,180
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    % of Rental Stock

    1 Bedroom
    40.8%
    2 Bedrooms
    28.7%
    4 Bedrooms
    30.5%

    Property Listings — Berkeley Heights, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Berkeley Heights, NJ is 44. This is a increase of 11.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$758,000-1.0%
    Listing Count
    		2560.0%
    Listings as % of Homes0.4%60.0%
    Days on Market
    		375.0%
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    Demographics — Berkeley Heights, NJ

    As of the latest ACS Survey released in 2023, Berkeley Heights, NJ has a population of 12,000, which has decreased by -3.5% over the past 5 years. Berkeley Heights, NJ is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 73.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,000-3.5%
    % Under 18
    		21.5%-13.7%
    % Seniors
    		20.2%5.8%
    % WFH
    		25.3%368.5%
    % w/ College Degree
    		73.0%6.9%
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    As of the latest ACS Survey released in 2023, Berkeley Heights, NJ is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Berkeley Heights, NJ is asian, making up 18.6% of the population. Foreign-born residents account for 19.5% of the population in Berkeley Heights, NJ, and this percentage has decreased by 1.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		68.5%-12.6%
    % Black
    		2.9%61.1%
    % Hispanic
    		7.2%28.6%
    % Asian
    		18.6%36.8%
    % Foreign Born
    		19.5%-1.5%
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    Mortgage and Risk — Berkeley Heights, NJ

    According to HUD data as of 2023, there were 217 mortgage originations in Berkeley Heights, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley Heights, NJ. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		217
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Berkeley Heights, NJ

    As of 2024, the percent of homes in Berkeley Heights, NJ under the Section 8 program is 1.1%. 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 Berkeley Heights, NJ, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		6
    Total Units Section 8
    		6
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$2,500$2,650
    2 Bedroom-$40$3,250$3,210
    3 Bedroom$190$3,850$4,040
    4 Bedroom-$900$5,500$4,600

    Affordability — Berkeley Heights, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$885,000
    Median Household Income$179,000

    Berkeley Heights, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    07974

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    07069

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    Frequently Asked Questions