Waterford Works, NJ—08089
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waterford Works, NJ
As of Oct '25, the median home price in Waterford Works, NJ is $340,000, with a year-over-year change of 6.2%. This indicates that home prices in Waterford Works, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | 6.2% |
| Single Family | $340,000 | 6.6% |
| 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 | $338,000 | 5.3% |
4 Bed | $384,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waterford Works, NJ
As of July '25, Rentcast reports the average rent in Waterford Works, NJ is $1,910, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Waterford Works, NJ is 1-bedrooms: $1,600, 2-bedrooms: $1,780, 3-bedrooms: $2,500. The most common rental property sizes in Waterford Works, NJ are 3-bedroom and 1-bedroom, accounting for 43.6% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,650 | $1,780 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waterford Works, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Waterford Works, NJ is 32. This is a increase of 33.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 30.0% |
Listing Count | 26 | 43.0% |
| Listings as % of Homes | 0.9% | 43.0% |
Days on Market | 32 | 33.0% |
Demographics — Waterford Works, NJ
As of the latest ACS Survey released in 2023, Waterford Works, NJ has a population of 4,200, which has remained stable by 0.0% over the past 5 years. Waterford Works, NJ is a less popular place for families, as children make up 14.0% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 0.0% |
% Under 18 | 14.0% | -21.3% |
% Seniors | 16.4% | -18.4% |
% WFH | 15.7% | 685.0% |
% w/ College Degree | 18.1% | 11.0% |
As of the latest ACS Survey released in 2023, Waterford Works, NJ is a predominantly white area, with 74.7% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Waterford Works, NJ is black, making up 15.9% of the population. Foreign-born residents account for 1.9% of the population in Waterford Works, NJ, and this percentage has decreased by 9.5% 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 | 74.7% | 7.3% |
% Black | 15.9% | 1.9% |
% Hispanic | 8.2% | -18.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | -9.5% |
Mortgage and Risk — Waterford Works, NJ
According to HUD data as of 2023, there were 60 mortgage originations in Waterford Works, NJ, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Waterford Works, NJ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Waterford Works, NJ
Waterford Works, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,600 | $1,540 |
| 2 Bedroom | $190 | $1,650 | $1,840 |
| 3 Bedroom | -$280 | $2,500 | $2,220 |
| 4 Bedroom | N/A | N/A | $2,520 |
Affordability — Waterford Works, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $340,000 |
| Median Household Income | $120,000 |