Manville, NJ—08835
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manville, NJ
As of Oct '25, the median home price in Manville, NJ is $472,000, with a year-over-year change of 3.0%. This indicates that home prices in Manville, 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 | $472,000 | 3.0% |
| Single Family | $472,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $407,000 | 4.4% |
3 Bed | $478,000 | 2.8% |
4 Bed | $492,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manville, NJ
As of July '25, Rentcast reports the average rent in Manville, NJ is $2,360, with a year-over-year rent change of 14.0%. Per bedroom, the median rent as of July '25 in Manville, NJ is 1-bedrooms: $1,700, 2-bedrooms: $2,460, 3-bedrooms: $2,950, 4-bedrooms: $3,400. The most common rental property sizes in Manville, NJ are 2-bedroom and 3-bedroom, accounting for 39.6% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,700 |
| 2 Bed Rent | $2,400 | $2,460 |
| 3 Bed Rent | $2,900 | $2,950 |
| 4 Bed Rent | $3,400 | $3,400 |
% of Rental Stock
Property Listings — Manville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Manville, NJ is 36. This is a increase of 125.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 3.0% |
Listing Count | 27 | 32.0% |
| Listings as % of Homes | 0.4% | 32.0% |
Days on Market | 36 | 125.0% |
Demographics — Manville, NJ
As of the latest ACS Survey released in 2023, Manville, NJ has a population of 10,900, which has increased by 5.7% over the past 5 years. Manville, NJ is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 5.7% |
% Under 18 | 18.8% | -15.7% |
% Seniors | 18.4% | 21.1% |
% WFH | 9.9% | 482.4% |
% w/ College Degree | 28.6% | 83.3% |
As of the latest ACS Survey released in 2023, Manville, NJ is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Manville, NJ is hispanic, making up 25.5% of the population. Foreign-born residents account for 21.4% of the population in Manville, NJ, and this percentage has increased by 12.6% 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 | 59.2% | -14.7% |
% Black | 8.4% | 133.3% |
% Hispanic | 25.5% | 12.3% |
% Asian | 2.8% | 7.7% |
% Foreign Born | 21.4% | 12.6% |
Mortgage and Risk — Manville, NJ
According to HUD data as of 2023, there were 177 mortgage originations in Manville, NJ, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Manville, NJ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 177 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Manville, NJ
As of 2024, the percent of homes in Manville, NJ under the Section 8 program is 10.8%. 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. In Manville, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 128 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,750 | $1,630 |
| 2 Bedroom | -$350 | $2,400 | $2,050 |
| 3 Bedroom | -$410 | $2,900 | $2,490 |
| 4 Bedroom | -$670 | $3,400 | $2,730 |
Affordability — Manville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $472,000 |
| Median Household Income | $93,900 |