Woodcliff Lake, NJ—07677
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodcliff Lake, NJ
As of Nov '25, the median home price in Woodcliff Lake, NJ is $1,175,000, with a year-over-year change of 5.2%. This indicates that home prices in Woodcliff Lake, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,175,000 | 5.2% |
| Single Family | $1,181,000 | 5.5% |
| 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 | N/A | N/A |
4 Bed | $1,153,000 | 6.7% |
| 5 Bed | $1,531,457 | 7.2% |
% of Housing Stock
Rental Trends — Woodcliff Lake, NJ
As of July '25, Rentcast reports the average rent in Woodcliff Lake, NJ is $3,710, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Woodcliff Lake, NJ is 1-bedrooms: $2,900, 2-bedrooms: $2,900, 3-bedrooms: $4,520. The most common rental property sizes in Woodcliff Lake, NJ are 1-bedroom and 2-bedroom, accounting for 33.6% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,900 | $2,900 |
| 2 Bed Rent | $2,900 | $2,900 |
| 3 Bed Rent | $4,200 | $4,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Woodcliff Lake, NJ
As of Nov '25, Realtor.com reports that the median days on market for a home in Woodcliff Lake, NJ is 38. This is a increase of 32.0% 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 | $1,370,000 | 16.0% |
Listing Count | 11 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 38 | 32.0% |
Demographics — Woodcliff Lake, NJ
As of the latest ACS Survey released in 2023, Woodcliff Lake, NJ has a population of 6,100, which has increased by 4.8% over the past 5 years. Woodcliff Lake, NJ is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 77.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,100 | 4.8% |
% Under 18 | 25.9% | 12.6% |
% Seniors | 16.1% | -6.4% |
% WFH | 23.9% | 85.3% |
% w/ College Degree | 77.4% | 7.4% |
As of the latest ACS Survey released in 2023, Woodcliff Lake, NJ is a predominantly white area, with 73.7% of the population identifying as white. The white population has shrunk by 16.4% in the last 5 years. The second most common race or ethnicity in Woodcliff Lake, NJ is asian, making up 9.0% of the population. Foreign-born residents account for 11.8% of the population in Woodcliff Lake, NJ, and this percentage has increased by 4.4% 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 | 73.7% | -16.4% |
% Black | 1.2% | -62.5% |
% Hispanic | 8.0% | 900.0% |
% Asian | 9.0% | 34.3% |
% Foreign Born | 11.8% | 4.4% |
Mortgage and Risk — Woodcliff Lake, NJ
According to HUD data as of 2023, there were 97 mortgage originations in Woodcliff Lake, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Woodcliff Lake, NJ. Investor activity is low, as 1.0% 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 | 97 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Woodcliff Lake, NJ
Woodcliff Lake, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$700 | $2,900 | $2,200 |
| 2 Bedroom | -$380 | $2,900 | $2,520 |
| 3 Bedroom | -$1,100 | $4,200 | $3,100 |
| 4 Bedroom | N/A | N/A | $3,920 |
Affordability — Woodcliff Lake, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $1,175,000 |
| Median Household Income | $211,000 |