East Orange, NJ—07018
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in East Orange, NJ
Home Price Trends — East Orange, NJ
As of Oct '25, the median home price in East Orange, NJ is $458,000, with a year-over-year change of 3.3%. This indicates that home prices in East Orange, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $458,000 | 3.3% |
| Single Family | $466,000 | 2.6% |
| Condos | $241,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | 3.4% |
3 Bed | $437,000 | 2.1% |
4 Bed | $486,000 | 3.0% |
| 5 Bed | $546,000 | 3.0% |
% of Housing Stock
Rental Trends — East Orange, NJ
As of July '25, Rentcast reports the average rent in East Orange, NJ is $2,040, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in East Orange, NJ is studios: $1,540, 1-bedrooms: $1,670, 2-bedrooms: $2,030, 3-bedrooms: $2,480, 4-bedrooms: $2,890. The most common rental property sizes in East Orange, NJ are 1-bedroom and 2-bedroom, accounting for 35.3% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,040 |
| Studio Rent | $1,500 | $1,540 |
| 1 Bed Rent | $1,600 | $1,670 |
| 2 Bed Rent | $1,900 | $2,030 |
| 3 Bed Rent | $2,350 | $2,480 |
| 4 Bed Rent | $3,000 | $2,890 |
% of Rental Stock
Property Listings — East Orange, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in East Orange, NJ is 50. This is a increase of 28.0% 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 | $487,000 | 6.0% |
Listing Count | 39 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 50 | 28.0% |
Demographics — East Orange, NJ
As of the latest ACS Survey released in 2023, East Orange, NJ has a population of 28,300, which has decreased by -1.7% over the past 5 years. East Orange, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,300 | -1.7% |
% Under 18 | 21.7% | -6.5% |
% Seniors | 14.7% | 30.1% |
% WFH | 7.7% | 305.3% |
% w/ College Degree | 24.5% | 32.4% |
As of the latest ACS Survey released in 2023, East Orange, NJ is a predominantly black area, with 84.1% of the population identifying as black. The black population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in East Orange, NJ is hispanic, making up 6.6% of the population. Foreign-born residents account for 33.2% of the population in East Orange, NJ, and this percentage has increased by 19.4% 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 | 1.6% | -36.0% |
% Black | 84.1% | -2.7% |
% Hispanic | 6.6% | -19.5% |
% Asian | 2.5% | 150.0% |
% Foreign Born | 33.2% | 19.4% |
Mortgage and Risk — East Orange, NJ
According to HUD data as of 2023, there were 214 mortgage originations in East Orange, NJ, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in East Orange, NJ. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — East Orange, NJ
As of 2024, the percent of homes in East Orange, NJ under the Section 8 program is 21.6%. 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 East Orange, 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 | 2,049 |
Total Units Section 8 | 2,042 |
% Rentals under Section 8 | 21.6% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,600 | $1,520 |
| 2 Bedroom | -$60 | $1,900 | $1,840 |
| 3 Bedroom | -$30 | $2,350 | $2,320 |
| 4 Bedroom | -$360 | $3,000 | $2,640 |
Affordability — East Orange, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $458,000 |
| Median Household Income | $59,000 |