Spotswood, NJ—08884
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spotswood, NJ
As of Oct '25, the median home price in Spotswood, NJ is $549,000, with a year-over-year change of 3.1%. This indicates that home prices in Spotswood, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $549,000 | 3.1% |
| Single Family | $560,000 | 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 | N/A | N/A |
3 Bed | $542,000 | 3.2% |
4 Bed | $662,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spotswood, NJ
As of July '25, Rentcast reports the average rent in Spotswood, NJ is $2,520, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Spotswood, NJ is 1-bedrooms: $1,900, 2-bedrooms: $2,170, 3-bedrooms: $3,150, 4-bedrooms: $3,950. The most common rental property sizes in Spotswood, NJ are 1-bedroom and 2-bedroom, accounting for 72.2% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,900 |
| 2 Bed Rent | $2,100 | $2,170 |
| 3 Bed Rent | $2,900 | $3,150 |
| 4 Bed Rent | $3,950 | $3,950 |
% of Rental Stock
Property Listings — Spotswood, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Spotswood, NJ is 46. This is a decrease of -7.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $510,000 | 7.0% |
Listing Count | 32 | 66.0% |
| Listings as % of Homes | 0.5% | 66.0% |
Days on Market | 46 | -7.0% |
Demographics — Spotswood, NJ
As of the latest ACS Survey released in 2023, Spotswood, NJ has a population of 8,130, which has decreased by -1.9% over the past 5 years. Spotswood, NJ is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,130 | -1.9% |
% Under 18 | 19.1% | -5.0% |
% Seniors | 22.8% | 16.3% |
% WFH | 13.0% | 66.7% |
% w/ College Degree | 34.3% | 35.6% |
As of the latest ACS Survey released in 2023, Spotswood, NJ is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Spotswood, NJ is hispanic, making up 12.3% of the population. Foreign-born residents account for 13.9% of the population in Spotswood, NJ, and this percentage has increased by 16.8% 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 | 75.9% | -7.1% |
% Black | 1.4% | -65.0% |
% Hispanic | 12.3% | 32.3% |
% Asian | 7.6% | 58.3% |
% Foreign Born | 13.9% | 16.8% |
Mortgage and Risk — Spotswood, NJ
According to HUD data as of 2023, there were 112 mortgage originations in Spotswood, NJ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Spotswood, NJ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Spotswood, NJ
As of 2024, the percent of homes in Spotswood, NJ under the Section 8 program is 29.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Spotswood, 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 | 224 |
Total Units Section 8 | 151 |
% Rentals under Section 8 | 29.8% |
% Occupied Section 8 | 97.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,900 | $1,630 |
| 2 Bedroom | -$50 | $2,100 | $2,050 |
| 3 Bedroom | -$410 | $2,900 | $2,490 |
| 4 Bedroom | -$1,220 | $3,950 | $2,730 |
Affordability — Spotswood, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $549,000 |
| Median Household Income | $101,000 |