Bridgewater Township, NJ—08807
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bridgewater Township, NJ
Home Price Trends — Bridgewater Township, NJ
As of Oct '25, the median home price in Bridgewater Township, NJ is $716,000, with a year-over-year change of 1.8%. This indicates that home prices in Bridgewater Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $716,000 | 1.8% |
| Single Family | $747,000 | 1.6% |
| Condos | $402,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $441,000 | 2.1% |
3 Bed | $620,000 | 3.3% |
4 Bed | $882,000 | 3.4% |
| 5 Bed | $1,053,000 | 3.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bridgewater Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Bridgewater Township, NJ is 36. This is a increase of 41.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -7.0% |
Listing Count | 108 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 36 | 41.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Bridgewater Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $716,000 |
| Median Household Income | $166,000 |