Northfield, NJ—08225
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northfield, NJ
As of Oct '25, the median home price in Northfield, NJ is $388,000, with a year-over-year change of 4.0%. This indicates that home prices in Northfield, NJ are increasing. According to Zillow, the 1-year price projection is 4.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | 4.0% |
| Single Family | $396,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 4.6% |
3 Bed | $384,000 | 4.3% |
4 Bed | $476,000 | 5.3% |
| 5 Bed | $605,000 | 6.3% |
% of Housing Stock
Rental Trends — Northfield, NJ
As of July '25, Rentcast reports the average rent in Northfield, NJ is $2,480, with a year-over-year rent change of 19.8%. Per bedroom, the median rent as of July '25 in Northfield, NJ is 1-bedrooms: $1,860, 3-bedrooms: $3,100. The most common rental property sizes in Northfield, NJ are 3-bedroom and 1-bedroom, accounting for 39.8% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,860 | $1,860 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northfield, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Northfield, NJ is 64. This is a increase of 15.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | 9.0% |
Listing Count | 41 | 2.0% |
| Listings as % of Homes | 0.8% | 2.0% |
Days on Market | 64 | 15.0% |
Demographics — Northfield, NJ
As of the latest ACS Survey released in 2023, Northfield, NJ has a population of 8,430, which has remained stable by 1.0% over the past 5 years. Northfield, NJ is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,430 | 1.0% |
% Under 18 | 18.0% | -24.1% |
% Seniors | 19.6% | 20.2% |
% WFH | 7.3% | 65.9% |
% w/ College Degree | 45.9% | 24.4% |
As of the latest ACS Survey released in 2023, Northfield, NJ is a predominantly white area, with 74.2% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Northfield, NJ is hispanic, making up 11.2% of the population. Foreign-born residents account for 14.7% of the population in Northfield, NJ, and this percentage has increased by 26.7% 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 | 74.2% | -10.1% |
% Black | 3.0% | 76.5% |
% Hispanic | 11.2% | 31.8% |
% Asian | 9.3% | 63.2% |
% Foreign Born | 14.7% | 26.7% |
Mortgage and Risk — Northfield, NJ
According to HUD data as of 2023, there were 181 mortgage originations in Northfield, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Northfield, NJ. Investor activity is low, as 3.0% 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 | 181 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Northfield, NJ
Northfield, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,860 | $1,590 |
| 2 Bedroom | N/A | N/A | $1,930 |
| 3 Bedroom | -$400 | $3,100 | $2,700 |
| 4 Bedroom | N/A | N/A | $2,980 |
Affordability — Northfield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $388,000 |
| Median Household Income | $104,000 |