New Brunswick, NJ—08901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Brunswick, NJ
As of Oct '25, the median home price in New Brunswick, NJ is $442,000, with a year-over-year change of 2.5%. This indicates that home prices in New Brunswick, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | 2.5% |
| Single Family | $463,000 | 1.1% |
| Condos | $354,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $320,000 | 1.3% |
2 Bed | $338,000 | 2.4% |
3 Bed | $438,000 | 1.6% |
4 Bed | $520,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Brunswick, NJ
As of July '25, Rentcast reports the average rent in New Brunswick, NJ is $2,780, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in New Brunswick, NJ is studios: $2,130, 1-bedrooms: $2,170, 2-bedrooms: $2,840, 3-bedrooms: $3,200, 4-bedrooms: $4,170. The most common rental property sizes in New Brunswick, NJ are 2-bedroom and 1-bedroom, accounting for 37.3% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,780 |
| Studio Rent | $2,050 | $2,130 |
| 1 Bed Rent | $2,120 | $2,170 |
| 2 Bed Rent | $2,850 | $2,840 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $3,700 | $4,170 |
% of Rental Stock
Property Listings — New Brunswick, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in New Brunswick, NJ is 48. This is a decrease of -5.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 6.0% |
Listing Count | 58 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 48 | -5.0% |
Demographics — New Brunswick, NJ
As of the latest ACS Survey released in 2023, New Brunswick, NJ has a population of 56,800, which has decreased by -1.5% over the past 5 years. New Brunswick, NJ is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,800 | -1.5% |
% Under 18 | 21.2% | -6.2% |
% Seniors | 6.4% | 14.3% |
% WFH | 10.1% | 741.7% |
% w/ College Degree | 24.1% | 11.1% |
As of the latest ACS Survey released in 2023, New Brunswick, NJ is a predominantly hispanic area, with 50.5% of the population identifying as hispanic. The hispanic population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in New Brunswick, NJ is white, making up 25.9% of the population. Foreign-born residents account for 36.3% of the population in New Brunswick, NJ, and this percentage has increased by 9.7% 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 | 25.9% | 2.4% |
% Black | 12.9% | -11.6% |
% Hispanic | 50.5% | 2.9% |
% Asian | 8.8% | -16.2% |
% Foreign Born | 36.3% | 9.7% |
Mortgage and Risk — New Brunswick, NJ
According to HUD data as of 2023, there were 168 mortgage originations in New Brunswick, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in New Brunswick, NJ. Investor activity is high, as 16.0% 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 | 168 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 16.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Brunswick, NJ
As of 2024, the percent of homes in New Brunswick, NJ under the Section 8 program is 13.6%. 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 New Brunswick, 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 | 1,996 |
Total Units Section 8 | 1,667 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $2,120 | $1,630 |
| 2 Bedroom | -$800 | $2,850 | $2,050 |
| 3 Bedroom | -$710 | $3,200 | $2,490 |
| 4 Bedroom | -$970 | $3,700 | $2,730 |
Affordability — New Brunswick, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $442,000 |
| Median Household Income | $60,200 |