Cedar Knolls, NJ—07927
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Knolls, NJ
As of Oct '25, the median home price in Cedar Knolls, NJ is $717,000, with a year-over-year change of 2.4%. This indicates that home prices in Cedar Knolls, NJ are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $717,000 | 2.4% |
| Single Family | $745,000 | 2.1% |
| Condos | $488,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $485,000 | 0.8% |
3 Bed | $682,000 | 3.2% |
4 Bed | $887,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar Knolls, NJ
As of July '25, Rentcast reports the average rent in Cedar Knolls, NJ is $3,820, with a year-over-year rent change of 24.8%. Per bedroom, the median rent as of July '25 in Cedar Knolls, NJ is 1-bedrooms: $2,930, 2-bedrooms: $3,590, 3-bedrooms: $3,600. The most common rental property sizes in Cedar Knolls, NJ are 2-bedroom and 1-bedroom, accounting for 68.7% and 15.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,780 | $2,930 |
| 2 Bed Rent | $3,400 | $3,590 |
| 3 Bed Rent | $3,600 | $3,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar Knolls, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Knolls, NJ is 26. This is a decrease of -34.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $682,000 | -14.0% |
Listing Count | 9 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 26 | -34.0% |
Demographics — Cedar Knolls, NJ
As of the latest ACS Survey released in 2023, Cedar Knolls, NJ has a population of 4,750, which has increased by 22.6% over the past 5 years. Cedar Knolls, NJ is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 55.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,750 | 22.6% |
% Under 18 | 21.3% | -5.8% |
% Seniors | 22.2% | 40.5% |
% WFH | 18.3% | 258.8% |
% w/ College Degree | 55.8% | -2.3% |
As of the latest ACS Survey released in 2023, Cedar Knolls, NJ is a predominantly white area, with 69.1% of the population identifying as white. The white population has grown by 4.7% in the last 5 years. The second most common race or ethnicity in Cedar Knolls, NJ is asian, making up 17.7% of the population. Foreign-born residents account for 29.7% of the population in Cedar Knolls, NJ, and this percentage has increased by 44.2% 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 | 69.1% | 4.7% |
% Black | 0.5% | -86.5% |
% Hispanic | 12.8% | 21.9% |
% Asian | 17.7% | -2.2% |
% Foreign Born | 29.7% | 44.2% |
Mortgage and Risk — Cedar Knolls, NJ
According to HUD data as of 2023, there were 63 mortgage originations in Cedar Knolls, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Cedar Knolls, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cedar Knolls, NJ
Cedar Knolls, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $2,780 | $2,650 |
| 2 Bedroom | -$190 | $3,400 | $3,210 |
| 3 Bedroom | $440 | $3,600 | $4,040 |
| 4 Bedroom | N/A | N/A | $4,600 |
Affordability — Cedar Knolls, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $717,000 |
| Median Household Income | $166,000 |