Maplewood, NJ—07040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Maplewood, NJ
As of Oct '25, the median home price in Maplewood, NJ is $901,000, with a year-over-year change of 7.0%. This indicates that home prices in Maplewood, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $901,000 | 7.0% |
| Single Family | $939,000 | 7.2% |
| Condos | $375,000 | 10.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $450,000 | 4.9% |
3 Bed | $807,000 | 5.1% |
4 Bed | $1,100,000 | 5.9% |
| 5 Bed | $1,519,000 | 7.3% |
% of Housing Stock
Rental Trends — Maplewood, NJ
As of July '25, Rentcast reports the average rent in Maplewood, NJ is $3,140, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Maplewood, NJ is studios: $1,750, 1-bedrooms: $2,380, 2-bedrooms: $2,760, 3-bedrooms: $3,400, 4-bedrooms: $4,960. The most common rental property sizes in Maplewood, NJ are 1-bedroom and 2-bedroom, accounting for 35.3% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $3,140 |
| Studio Rent | $1,300 | $1,750 |
| 1 Bed Rent | $2,250 | $2,380 |
| 2 Bed Rent | $2,450 | $2,760 |
| 3 Bed Rent | $3,200 | $3,400 |
| 4 Bed Rent | $5,400 | $4,960 |
% of Rental Stock
Property Listings — Maplewood, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Maplewood, NJ is 32. This is a increase of 38.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | -1.0% |
Listing Count | 59 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 32 | 38.0% |
Demographics — Maplewood, NJ
As of the latest ACS Survey released in 2023, Maplewood, NJ has a population of 25,400, which has increased by 3.8% over the past 5 years. Maplewood, NJ is a popular place for families, as children make up 28.0% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | 3.8% |
% Under 18 | 28.0% | -3.4% |
% Seniors | 12.0% | 4.3% |
% WFH | 26.6% | 274.6% |
% w/ College Degree | 69.4% | 10.9% |
As of the latest ACS Survey released in 2023, Maplewood, NJ is a predominantly white area, with 52.9% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Maplewood, NJ is black, making up 31.1% of the population. Foreign-born residents account for 23.3% of the population in Maplewood, NJ, and this percentage has increased by 30.9% 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 | 52.9% | 7.3% |
% Black | 31.1% | -17.7% |
% Hispanic | 8.7% | 19.2% |
% Asian | 3.4% | 30.8% |
% Foreign Born | 23.3% | 30.9% |
Mortgage and Risk — Maplewood, NJ
According to HUD data as of 2023, there were 385 mortgage originations in Maplewood, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Maplewood, NJ. Investor activity is low, as 1.0% 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 | 385 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Maplewood, NJ
As of 2024, the percent of homes in Maplewood, NJ under the Section 8 program is 6.6%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Maplewood, NJ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 99.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $2,250 | $2,340 |
| 2 Bedroom | $380 | $2,450 | $2,830 |
| 3 Bedroom | $360 | $3,200 | $3,560 |
| 4 Bedroom | -$1,350 | $5,400 | $4,050 |
Affordability — Maplewood, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $901,000 |
| Median Household Income | $167,000 |