Fairview, NJ—07022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairview, NJ
As of Oct '25, the median home price in Fairview, NJ is $631,000, with a year-over-year change of 2.0%. This indicates that home prices in Fairview, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $631,000 | 2.0% |
| Single Family | $653,000 | 1.2% |
| Condos | $466,000 | 1.5% |
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 | $686,000 | 2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairview, NJ
As of July '25, Rentcast reports the average rent in Fairview, NJ is $2,580, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Fairview, NJ is 1-bedrooms: $2,010, 2-bedrooms: $2,620, 3-bedrooms: $3,060, 4-bedrooms: $4,400. The most common rental property sizes in Fairview, NJ are 1-bedroom and 2-bedroom, accounting for 41.0% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,950 | $2,010 |
| 2 Bed Rent | $2,500 | $2,620 |
| 3 Bed Rent | $3,000 | $3,060 |
| 4 Bed Rent | $4,500 | $4,400 |
% of Rental Stock
Property Listings — Fairview, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairview, NJ is 29. This is a decrease of -22.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $669,000 | -4.0% |
Listing Count | 15 | -24.0% |
| Listings as % of Homes | 0.1% | -24.0% |
Days on Market | 29 | -22.0% |
Demographics — Fairview, NJ
As of the latest ACS Survey released in 2023, Fairview, NJ has a population of 14,900, which has increased by 4.6% over the past 5 years. Fairview, NJ is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | 4.6% |
% Under 18 | 17.3% | -0.6% |
% Seniors | 12.7% | -12.4% |
% WFH | 7.0% | 337.5% |
% w/ College Degree | 23.6% | 18.0% |
As of the latest ACS Survey released in 2023, Fairview, NJ is a predominantly hispanic area, with 62.9% of the population identifying as hispanic. The hispanic population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Fairview, NJ is white, making up 29.0% of the population. Foreign-born residents account for 47.9% of the population in Fairview, NJ, and this percentage has decreased by 9.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.0% | 3.9% |
% Black | 1.0% | -74.4% |
% Hispanic | 62.9% | 2.1% |
% Asian | 4.9% | -14.0% |
% Foreign Born | 47.9% | -9.6% |
Mortgage and Risk — Fairview, NJ
According to HUD data as of 2023, there were 57 mortgage originations in Fairview, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fairview, NJ. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Fairview, NJ
As of 2024, the percent of homes in Fairview, NJ under the Section 8 program is 9.0%. 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 Fairview, 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 | 316 |
Total Units Section 8 | 316 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,950 | $1,710 |
| 2 Bedroom | -$540 | $2,500 | $1,960 |
| 3 Bedroom | -$590 | $3,000 | $2,410 |
| 4 Bedroom | -$1,450 | $4,500 | $3,050 |
Affordability — Fairview, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $631,000 |
| Median Household Income | $64,200 |