Bridgewater Township, NJ 08807 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Bridgewater Township, NJ—08807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$707,000

1.7% YoY Growth

Household Income

$166,000

32.0% YoY Growth

Days on Market

74

85.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,850

1.9% YoY Growth

1-Bed Rent

$1,850

10.4% YoY Growth

2-Bed Rent

$2,700

5.1% YoY Growth

3-Bed Rent

$3,350

0.6% YoY Growth

Other Zip Codes in Bridgewater Township, NJ

Home Price Trends — Bridgewater Township, NJ

As of Dec '25, the median home price in Bridgewater Township, NJ is $707,000, with a year-over-year change of 1.7%. This indicates that home prices in Bridgewater Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$707,000	1.7%
Single Family	$738,000	1.8%
Condos	$399,000	2.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bridgewater Township, NJ

As of July '25, Rentcast reports the average rent in Bridgewater Township, NJ is $3,070, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Bridgewater Township, NJ is 1-bedrooms: $2,020, 2-bedrooms: $2,690, 3-bedrooms: $3,250, 4-bedrooms: $4,550. The most common rental property sizes in Bridgewater Township, NJ are 1-bedroom and 2-bedroom, accounting for 32.9% and 30.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,850	$3,070
Studio Rent	N/A	N/A
1 Bed Rent	$1,850	$2,020
2 Bed Rent	$2,700	$2,690
3 Bed Rent	$3,350	$3,250
4 Bed Rent	$4,600	$4,550

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% of Rental Stock

Studio

6.1%

1 Bedroom

32.9%

2 Bedrooms

30.5%

3 Bedrooms

25.7%

4 Bedrooms

3.9%

5+ Bedrooms

0.9%

Property Listings — Bridgewater Township, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Bridgewater Township, NJ is 53. This is a increase of 60.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$638,000	-4.0%
Listing Count	68	23.0%
Listings as % of Homes	0.5%	23.0%
Days on Market	74	85.0%

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Demographics — Bridgewater Township, NJ

As of the latest ACS Survey released in 2023, Bridgewater Township, NJ has a population of 38,400, which has remained stable by -0.8% over the past 5 years. Bridgewater Township, NJ is a moderately popular place for families, as children make up 22.4% of the population. The area has a highly educated workforce, with 61.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	38,400	-0.8%
% Under 18	22.4%	-2.6%
% Seniors	18.3%	15.8%
% WFH	24.7%	375.0%
% w/ College Degree	61.0%	6.5%

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As of the latest ACS Survey released in 2023, Bridgewater Township, NJ is a predominantly white area, with 55.3% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Bridgewater Township, NJ is asian, making up 26.5% of the population. Foreign-born residents account for 28.3% of the population in Bridgewater Township, NJ, and this percentage has increased by 6.0% 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	55.3%	-11.8%
% Black	3.4%	30.8%
% Hispanic	11.3%	10.8%
% Asian	26.5%	11.3%
% Foreign Born	28.3%	6.0%

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Mortgage and Risk — Bridgewater Township, NJ

According to HUD data as of 2023, there were 605 mortgage originations in Bridgewater Township, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Bridgewater Township, NJ. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	605
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Bridgewater Township, NJ

As of 2024, the percent of homes in Bridgewater Township, NJ under the Section 8 program is 8.9%. 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 Bridgewater Township, 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	216
Total Units Section 8	204
% Rentals under Section 8	8.9%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,850	$1,880
2 Bedroom	-$340	$2,700	$2,360
3 Bedroom	-$510	$3,350	$2,840
4 Bedroom	-$1,470	$4,600	$3,130