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  4. /Fair Haven, NJ - 07704

Fair Haven, NJ—07704

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,602,000
6.9% YoY Growth
Household Income
$237,000
39.0% YoY Growth
Days on Market
22
36.0% Longer YoY
Home Price Forecast
3.8%
Median Rent
$5,400
7.6% YoY Growth
1-Bed Rent
$2,250
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$5,400
5.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fair Haven, NJ

As of May '26, the median home price in Fair Haven, NJ is $1,602,000, with a year-over-year change of 6.9%. This indicates that home prices in Fair Haven, NJ are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,602,0006.9%
Single Family $1,601,0008.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$957,00011.0%
    3 Bed
    		$1,248,0009.8%
    4 Bed
    		$1,721,0008.2%
    5 Bed $2,330,7279.1%
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    % of Housing Stock

    2 Bedrooms
    7.4%
    3 Bedrooms
    30.4%
    4 Bedrooms
    49.6%
    5+ Bedrooms
    12.6%

    Rental Trends — Fair Haven, NJ

    As of July '25, Rentcast reports the average rent in Fair Haven, NJ is $5,490, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Fair Haven, NJ is 1-bedrooms: $2,250, 3-bedrooms: $5,920, 4-bedrooms: $7,000. The most common rental property sizes in Fair Haven, NJ are 3-bedroom and 4-bedroom, accounting for 79.1% and 13.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$5,400$5,490
    Studio Rent N/AN/A
    1 Bed Rent $2,250$2,250
    2 Bed Rent N/AN/A
    3 Bed Rent $5,400$5,920
    4 Bed Rent $7,000$7,000
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    % of Rental Stock

    2 Bedrooms
    7.6%
    3 Bedrooms
    79.1%
    4 Bedrooms
    13.3%

    Property Listings — Fair Haven, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Fair Haven, NJ is 22. This is a increase of 36.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,500,00042.0%
    Listing Count
    		16-48.0%
    Listings as % of Homes0.8%-48.0%
    Days on Market
    		2236.0%
    Loading chart...

    Demographics — Fair Haven, NJ

    As of the latest ACS Survey released in 2023, Fair Haven, NJ has a population of 6,180, which has increased by 4.0% over the past 5 years. Fair Haven, NJ is a popular place for families, as children make up 31.3% of the population. The area has a highly educated workforce, with 81.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,1804.0%
    % Under 18
    		31.3%-8.5%
    % Seniors
    		10.3%-10.4%
    % WFH
    		23.4%162.9%
    % w/ College Degree
    		81.0%12.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Fair Haven, NJ is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Fair Haven, NJ is black, making up 2.8% of the population. Foreign-born residents account for 4.2% of the population in Fair Haven, NJ, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.0%-0.1%
    % Black
    		2.8%-6.7%
    % Hispanic
    		2.1%-16.0%
    % Asian
    		0.4%-55.6%
    % Foreign Born
    		4.2%20.0%
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    Mortgage and Risk — Fair Haven, NJ

    According to HUD data as of 2023, there were 156 mortgage originations in Fair Haven, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Fair Haven, 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

    MetricZip Code Average
    Total Loan Originations
    		156
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Fair Haven, NJ

    Fair Haven, 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
    		1.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$320$2,250$1,930
    2 BedroomN/AN/A$2,380
    3 Bedroom-$2,230$5,400$3,170
    4 Bedroom-$3,470$7,000$3,530

    Affordability — Fair Haven, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$1,602,000
    Median Household Income$237,000

    Fair Haven, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions