Rio Grande, NJ—08242
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rio Grande, NJ
As of Oct '25, the median home price in Rio Grande, NJ is $420,000, with a year-over-year change of 3.4%. This indicates that home prices in Rio Grande, NJ are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $420,000 | 3.4% |
| Single Family | $412,000 | 2.0% |
| 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 | $417,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rio Grande, NJ
Rio Grande, NJ lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rio Grande, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Rio Grande, NJ is 24. This is a decrease of -8.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | 0.0% |
Listing Count | 35 | 134.0% |
| Listings as % of Homes | 0.5% | 134.0% |
Days on Market | 24 | -8.0% |
Demographics — Rio Grande, NJ
As of the latest ACS Survey released in 2023, Rio Grande, NJ has a population of 4,020, which has increased by 24.1% over the past 5 years. Rio Grande, NJ is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,020 | 24.1% |
% Under 18 | 17.5% | -36.8% |
% Seniors | 23.7% | -5.6% |
% WFH | 14.0% | ∞% |
% w/ College Degree | 30.5% | 202.0% |
As of the latest ACS Survey released in 2023, Rio Grande, NJ is a predominantly white area, with 69.2% of the population identifying as white. The white population has grown by 34.6% in the last 5 years. The second most common race or ethnicity in Rio Grande, NJ is hispanic, making up 16.7% of the population. Foreign-born residents account for 6.5% of the population in Rio Grande, NJ, and this percentage has increased by 51.2% 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 | 69.2% | 34.6% |
% Black | 6.5% | 66.7% |
% Hispanic | 16.7% | -59.6% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 6.5% | 51.2% |
Mortgage and Risk — Rio Grande, NJ
According to HUD data as of 2023, there were 113 mortgage originations in Rio Grande, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Rio Grande, NJ. Investor activity is low, as 3.0% 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 | 113 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Rio Grande, NJ
Rio Grande, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,580 |
| 3 Bedroom | N/A | N/A | $2,110 |
| 4 Bedroom | N/A | N/A | $2,110 |
Affordability — Rio Grande, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $420,000 |
| Median Household Income | $97,800 |