Newfield, NJ—08344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newfield, NJ
As of Oct '25, the median home price in Newfield, NJ is $318,000, with a year-over-year change of 3.5%. This indicates that home prices in Newfield, 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 | $318,000 | 3.5% |
| Single Family | $318,000 | 3.9% |
| 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 | $329,000 | 4.4% |
4 Bed | $446,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newfield, NJ
As of July '25, Rentcast reports the average rent in Newfield, NJ is $1,610, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Newfield, NJ is studios: $925, 1-bedrooms: $1,500, 2-bedrooms: $1,820, 3-bedrooms: $2,500. The most common rental property sizes in Newfield, NJ are 3-bedroom and 2-bedroom, accounting for 61.3% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,610 |
| Studio Rent | $800 | $925 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,800 | $1,820 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newfield, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Newfield, NJ is 52. This is a decrease of -12.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -6.0% |
Listing Count | 21 | -30.0% |
| Listings as % of Homes | 1.0% | -30.0% |
Days on Market | 52 | -12.0% |
Demographics — Newfield, NJ
As of the latest ACS Survey released in 2023, Newfield, NJ has a population of 5,300, which has increased by 9.9% over the past 5 years. Newfield, NJ is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,300 | 9.9% |
% Under 18 | 20.2% | -3.8% |
% Seniors | 20.9% | -1.4% |
% WFH | 7.8% | 90.2% |
% w/ College Degree | 26.4% | 7.3% |
As of the latest ACS Survey released in 2023, Newfield, NJ is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Newfield, NJ is hispanic, making up 21.8% of the population. Foreign-born residents account for 1.9% of the population in Newfield, NJ, and this percentage has decreased by 24.0% 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 | 69.9% | -7.0% |
% Black | 7.3% | 10.6% |
% Hispanic | 21.8% | 58.0% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 1.9% | -24.0% |
Mortgage and Risk — Newfield, NJ
According to HUD data as of 2023, there were 130 mortgage originations in Newfield, NJ, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Newfield, 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 | 130 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Newfield, NJ
Newfield, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% 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 | $150 | $1,500 | $1,650 |
| 2 Bedroom | $180 | $1,800 | $1,980 |
| 3 Bedroom | -$60 | $2,500 | $2,440 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Newfield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $318,000 |
| Median Household Income | $73,300 |