Ridgefield, NJ—07657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridgefield, NJ
As of Nov '25, the median home price in Ridgefield, NJ is $747,000, with a year-over-year change of 4.0%. This indicates that home prices in Ridgefield, NJ are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $747,000 | 4.0% |
| Single Family | $759,000 | 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 | $727,000 | 4.2% |
4 Bed | $832,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridgefield, NJ
As of July '25, Rentcast reports the average rent in Ridgefield, NJ is $2,770, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Ridgefield, NJ is 1-bedrooms: $1,950, 2-bedrooms: $2,640, 3-bedrooms: $3,410, 4-bedrooms: $3,000. The most common rental property sizes in Ridgefield, NJ are 2-bedroom and 1-bedroom, accounting for 61.1% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $1,950 |
| 2 Bed Rent | $2,500 | $2,640 |
| 3 Bed Rent | $3,000 | $3,410 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Ridgefield, NJ
As of Nov '25, Realtor.com reports that the median days on market for a home in Ridgefield, NJ is 36. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | 19.0% |
Listing Count | 18 | 44.0% |
| Listings as % of Homes | 0.3% | 44.0% |
Days on Market | 36 | 38.0% |
Demographics — Ridgefield, NJ
As of the latest ACS Survey released in 2023, Ridgefield, NJ has a population of 11,400, which has increased by 1.7% over the past 5 years. Ridgefield, NJ is a moderately popular place for families, as children make up 17.7% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,400 | 1.7% |
% Under 18 | 17.7% | -7.8% |
% Seniors | 15.7% | 13.8% |
% WFH | 9.2% | 240.7% |
% w/ College Degree | 47.2% | 24.2% |
As of the latest ACS Survey released in 2023, Ridgefield, NJ is a predominantly hispanic area, with 35.2% of the population identifying as hispanic. The hispanic population has grown by 17.3% in the last 5 years. The second most common race or ethnicity in Ridgefield, NJ is white, making up 32.5% of the population. Foreign-born residents account for 41.7% of the population in Ridgefield, NJ, and this percentage has decreased by 15.1% 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 | 32.5% | -11.0% |
% Black | 2.4% | 100.0% |
% Hispanic | 35.2% | 17.3% |
% Asian | 26.3% | -12.3% |
% Foreign Born | 41.7% | -15.1% |
Mortgage and Risk — Ridgefield, NJ
According to HUD data as of 2023, there were 90 mortgage originations in Ridgefield, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Ridgefield, NJ. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Ridgefield, NJ
As of 2024, the percent of homes in Ridgefield, NJ under the Section 8 program is 2.1%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ridgefield, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $2,000 | $2,010 |
| 2 Bedroom | -$200 | $2,500 | $2,300 |
| 3 Bedroom | -$170 | $3,000 | $2,830 |
| 4 Bedroom | $580 | $3,000 | $3,580 |
Affordability — Ridgefield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $747,000 |
| Median Household Income | $116,000 |