Gillette, NJ—07933
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gillette, NJ
As of Oct '25, the median home price in Gillette, NJ is $734,000, with a year-over-year change of 0.5%. This indicates that home prices in Gillette, NJ are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $734,000 | 0.5% |
| Single Family | $744,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $670,000 | 4.4% |
4 Bed | $903,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gillette, NJ
As of July '25, Rentcast reports the average rent in Gillette, NJ is $3,610, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Gillette, NJ is 1-bedrooms: $1,800, 2-bedrooms: $3,000, 3-bedrooms: $4,220, 4-bedrooms: $4,800. The most common rental property sizes in Gillette, NJ are 4-bedroom and studio, accounting for 100.0% and 0.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $3,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $3,000 | $3,000 |
| 3 Bed Rent | $4,200 | $4,220 |
| 4 Bed Rent | $4,800 | $4,800 |
% of Rental Stock
Property Listings — Gillette, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillette, NJ is 45. This is a decrease of -19.0% 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 | $896,000 | -13.0% |
Listing Count | 14 | 96.0% |
| Listings as % of Homes | 0.6% | 96.0% |
Days on Market | 45 | -19.0% |
Demographics — Gillette, NJ
As of the latest ACS Survey released in 2023, Gillette, NJ has a population of 2,920, which has decreased by -9.6% over the past 5 years. Gillette, NJ is a moderately popular place for families, as children make up 16.5% of the population. The area has a highly educated workforce, with 69.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,920 | -9.6% |
% Under 18 | 16.5% | -4.6% |
% Seniors | 23.6% | 48.4% |
% WFH | 33.4% | 363.9% |
% w/ College Degree | 69.3% | 8.8% |
As of the latest ACS Survey released in 2023, Gillette, NJ is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 17.4% in the last 5 years. The second most common race or ethnicity in Gillette, NJ is hispanic, making up 18.6% of the population. Foreign-born residents account for 18.3% of the population in Gillette, NJ, and this percentage has increased by 92.6% 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 | 75.3% | -17.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 18.6% | 447.1% |
% Asian | 1.7% | -46.9% |
% Foreign Born | 18.3% | 92.6% |
Mortgage and Risk — Gillette, NJ
According to HUD data as of 2023, there were 89 mortgage originations in Gillette, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Gillette, NJ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Gillette, NJ
Gillette, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,800 | $2,250 |
| 2 Bedroom | -$260 | $3,000 | $2,740 |
| 3 Bedroom | -$770 | $4,200 | $3,430 |
| 4 Bedroom | -$920 | $4,800 | $3,880 |
Affordability — Gillette, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $734,000 |
| Median Household Income | $163,000 |