Parlin, NJ—08859
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parlin, NJ
As of Oct '25, the median home price in Parlin, NJ is $535,000, with a year-over-year change of 6.5%. This indicates that home prices in Parlin, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $535,000 | 6.5% |
| Single Family | $554,000 | 4.9% |
| Condos | $419,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | 6.1% |
3 Bed | $527,000 | 3.7% |
4 Bed | $650,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parlin, NJ
As of July '25, Rentcast reports the average rent in Parlin, NJ is $2,850, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Parlin, NJ is 1-bedrooms: $1,940, 2-bedrooms: $2,670, 3-bedrooms: $3,230, 4-bedrooms: $3,620. The most common rental property sizes in Parlin, NJ are 2-bedroom and 1-bedroom, accounting for 47.0% and 39.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,980 | $1,940 |
| 2 Bed Rent | $2,600 | $2,670 |
| 3 Bed Rent | $3,300 | $3,230 |
| 4 Bed Rent | $3,350 | $3,620 |
% of Rental Stock
Property Listings — Parlin, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Parlin, NJ is 30. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $480,000 | -3.0% |
Listing Count | 55 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 30 | 0.0% |
Demographics — Parlin, NJ
As of the latest ACS Survey released in 2023, Parlin, NJ has a population of 24,300, which has increased by 8.8% over the past 5 years. Parlin, NJ is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 8.8% |
% Under 18 | 23.2% | 4.5% |
% Seniors | 14.3% | -1.4% |
% WFH | 13.1% | 211.9% |
% w/ College Degree | 37.9% | 12.1% |
As of the latest ACS Survey released in 2023, Parlin, NJ is a predominantly white area, with 42.3% of the population identifying as white. The white population has shrunk by 21.1% in the last 5 years. The second most common race or ethnicity in Parlin, NJ is hispanic, making up 22.5% of the population. Foreign-born residents account for 30.4% of the population in Parlin, NJ, and this percentage has increased by 9.0% 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 | 42.3% | -21.1% |
% Black | 12.7% | 41.1% |
% Hispanic | 22.5% | 40.6% |
% Asian | 18.9% | 1.1% |
% Foreign Born | 30.4% | 9.0% |
Mortgage and Risk — Parlin, NJ
According to HUD data as of 2023, there were 256 mortgage originations in Parlin, NJ, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Parlin, NJ. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Parlin, NJ
As of 2024, the percent of homes in Parlin, NJ under the Section 8 program is 12.0%. 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 Parlin, 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 | 439 |
Total Units Section 8 | 436 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,980 | $1,630 |
| 2 Bedroom | -$550 | $2,600 | $2,050 |
| 3 Bedroom | -$810 | $3,300 | $2,490 |
| 4 Bedroom | -$620 | $3,350 | $2,730 |
Affordability — Parlin, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $535,000 |
| Median Household Income | $96,600 |