Midland Park, NJ—07432
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midland Park, NJ
As of Oct '25, the median home price in Midland Park, NJ is $712,000, with a year-over-year change of 4.9%. This indicates that home prices in Midland Park, 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 | $712,000 | 4.9% |
| Single Family | $717,000 | 4.5% |
| 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 | $712,000 | 5.6% |
4 Bed | $804,000 | 6.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midland Park, NJ
As of July '25, Rentcast reports the average rent in Midland Park, NJ is $2,920, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Midland Park, NJ is 1-bedrooms: $2,360, 2-bedrooms: $3,170, 3-bedrooms: $3,610. The most common rental property sizes in Midland Park, NJ are 1-bedroom and 2-bedroom, accounting for 45.4% and 39.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $2,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,080 | $2,360 |
| 2 Bed Rent | $3,250 | $3,170 |
| 3 Bed Rent | $3,500 | $3,610 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Midland Park, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Midland Park, NJ is 19. This is a increase of 47.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $662,000 | -7.0% |
Listing Count | 7 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 19 | 47.0% |
Demographics — Midland Park, NJ
As of the latest ACS Survey released in 2023, Midland Park, NJ has a population of 7,000, which has decreased by -3.7% over the past 5 years. Midland Park, NJ is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,000 | -3.7% |
% Under 18 | 18.9% | -19.9% |
% Seniors | 21.9% | 28.8% |
% WFH | 17.4% | 370.3% |
% w/ College Degree | 55.2% | 25.2% |
As of the latest ACS Survey released in 2023, Midland Park, NJ is a predominantly white area, with 83.3% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Midland Park, NJ is hispanic, making up 11.1% of the population. Foreign-born residents account for 8.1% of the population in Midland Park, NJ, and this percentage has decreased by 23.6% 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 | 83.3% | 1.3% |
% Black | 1.2% | 0.0% |
% Hispanic | 11.1% | -19.0% |
% Asian | 2.1% | 23.5% |
% Foreign Born | 8.1% | -23.6% |
Mortgage and Risk — Midland Park, NJ
According to HUD data as of 2023, there were 103 mortgage originations in Midland Park, NJ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Midland Park, NJ. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Midland Park, NJ
Midland Park, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $2,080 | $1,940 |
| 2 Bedroom | -$1,020 | $3,250 | $2,230 |
| 3 Bedroom | -$760 | $3,500 | $2,740 |
| 4 Bedroom | N/A | N/A | $3,470 |
Affordability — Midland Park, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $712,000 |
| Median Household Income | $140,000 |