Totowa, NJ—07512
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Totowa, NJ
As of Oct '25, the median home price in Totowa, NJ is $637,000, with a year-over-year change of 3.3%. This indicates that home prices in Totowa, 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 | $637,000 | 3.3% |
| Single Family | $637,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $513,000 | 2.8% |
3 Bed | $608,000 | 3.8% |
4 Bed | $737,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Totowa, NJ
As of July '25, Rentcast reports the average rent in Totowa, NJ is $2,900, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in Totowa, NJ is 1-bedrooms: $1,800, 2-bedrooms: $2,310, 3-bedrooms: $3,740, 4-bedrooms: $6,000. The most common rental property sizes in Totowa, NJ are 2-bedroom and 1-bedroom, accounting for 58.6% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $2,150 | $2,310 |
| 3 Bed Rent | $3,200 | $3,740 |
| 4 Bed Rent | $6,000 | $6,000 |
% of Rental Stock
Property Listings — Totowa, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Totowa, NJ is 19. This is a decrease of -8.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $762,000 | 3.0% |
Listing Count | 28 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 19 | -8.0% |
Demographics — Totowa, NJ
As of the latest ACS Survey released in 2023, Totowa, NJ has a population of 10,900, which has remained stable by 0.8% over the past 5 years. Totowa, NJ is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 0.8% |
% Under 18 | 22.9% | 28.7% |
% Seniors | 19.5% | -2.0% |
% WFH | 14.7% | 200.0% |
% w/ College Degree | 37.9% | 14.2% |
As of the latest ACS Survey released in 2023, Totowa, NJ is a predominantly white area, with 63.1% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Totowa, NJ is hispanic, making up 23.6% of the population. Foreign-born residents account for 20.8% of the population in Totowa, NJ, and this percentage has decreased by 0.5% 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 | 63.1% | -12.6% |
% Black | 6.9% | 97.1% |
% Hispanic | 23.6% | 49.4% |
% Asian | 4.2% | -31.1% |
% Foreign Born | 20.8% | -0.5% |
Mortgage and Risk — Totowa, NJ
According to HUD data as of 2023, there were 170 mortgage originations in Totowa, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Totowa, NJ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Totowa, NJ
As of 2024, the percent of homes in Totowa, NJ under the Section 8 program is 2.8%. 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 Totowa, 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 | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,800 | $1,710 |
| 2 Bedroom | -$190 | $2,150 | $1,960 |
| 3 Bedroom | -$790 | $3,200 | $2,410 |
| 4 Bedroom | -$2,950 | $6,000 | $3,050 |
Affordability — Totowa, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $637,000 |
| Median Household Income | $114,000 |