Grenloch, NJ—08012
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Grenloch, NJ
Home Price Trends — Grenloch, NJ
As of Oct '25, the median home price in Grenloch, NJ is $359,000, with a year-over-year change of 3.7%. This indicates that home prices in Grenloch, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | 3.7% |
| Single Family | $368,000 | 3.7% |
| Condos | $246,000 | 12.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $195,000 | 3.2% |
2 Bed | $257,000 | 3.2% |
3 Bed | $353,000 | 4.1% |
4 Bed | $420,000 | 4.2% |
| 5 Bed | $465,000 | 3.8% |
% of Housing Stock
Rental Trends — Grenloch, NJ
As of July '25, Rentcast reports the average rent in Grenloch, NJ is $2,140, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Grenloch, NJ is 1-bedrooms: $1,520, 2-bedrooms: $2,140, 3-bedrooms: $2,740, 4-bedrooms: $3,650. The most common rental property sizes in Grenloch, NJ are 2-bedroom and 1-bedroom, accounting for 40.7% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,270 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,520 |
| 2 Bed Rent | $2,030 | $2,140 |
| 3 Bed Rent | $2,780 | $2,740 |
| 4 Bed Rent | $3,300 | $3,650 |
% of Rental Stock
Property Listings — Grenloch, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Grenloch, NJ is 52. This is a increase of 19.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | 10.0% |
Listing Count | 108 | 33.0% |
| Listings as % of Homes | 0.5% | 33.0% |
Days on Market | 52 | 19.0% |
Demographics — Grenloch, NJ
As of the latest ACS Survey released in 2023, Grenloch, NJ has a population of 40,800, which has increased by 6.3% over the past 5 years. Grenloch, NJ is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,800 | 6.3% |
% Under 18 | 21.8% | 8.5% |
% Seniors | 16.1% | -1.2% |
% WFH | 12.6% | 223.1% |
% w/ College Degree | 34.2% | 24.4% |
As of the latest ACS Survey released in 2023, Grenloch, NJ is a predominantly white area, with 71.1% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Grenloch, NJ is black, making up 10.6% of the population. Foreign-born residents account for 8.6% of the population in Grenloch, NJ, and this percentage has increased by 19.4% 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 | 71.1% | -6.2% |
% Black | 10.6% | -0.9% |
% Hispanic | 8.9% | 15.6% |
% Asian | 5.3% | 35.9% |
% Foreign Born | 8.6% | 19.4% |
Mortgage and Risk — Grenloch, NJ
According to HUD data as of 2023, there were 571 mortgage originations in Grenloch, NJ, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Grenloch, NJ. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 571 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Grenloch, NJ
As of 2024, the percent of homes in Grenloch, NJ under the Section 8 program is 5.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Grenloch, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 280 |
Total Units Section 8 | 279 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,350 | $1,580 |
| 2 Bedroom | -$150 | $2,030 | $1,880 |
| 3 Bedroom | -$510 | $2,780 | $2,270 |
| 4 Bedroom | -$720 | $3,300 | $2,580 |
Affordability — Grenloch, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $359,000 |
| Median Household Income | $93,500 |