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  4. /Lafayette Township, NJ - 07848

Lafayette Township, NJ—07848

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$490,000
3.3% YoY Growth
Household Income
$116,000
39.7% YoY Growth
Days on Market
29
59.0% Shorter YoY
Home Price Forecast
2.4%
Median Rent
$1,940
8.4% YoY Growth
1-Bed Rent
$1,940
N/A
2-Bed Rent
$2,100
8.4% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lafayette Township, NJ

As of May '26, the median home price in Lafayette Township, NJ is $490,000, with a year-over-year change of 3.3%. This indicates that home prices in Lafayette Township, 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 TypeMedian Home ValueYoY % Change
All Homes
$490,0003.3%
Single Family $523,0003.4%
Condos $286,00010.4%

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
    		$317,0008.6%
    3 Bed
    		$480,0004.3%
    4 Bed
    		$741,0005.0%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    8.9%
    2 Bedrooms
    19.8%
    3 Bedrooms
    39.8%
    4 Bedrooms
    25.0%
    5+ Bedrooms
    6.5%

    Rental Trends — Lafayette Township, NJ

    As of July '25, Rentcast reports the average rent in Lafayette Township, NJ is $1,960, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Lafayette Township, NJ is 1-bedrooms: $1,940, 2-bedrooms: $1,960. The most common rental property sizes in Lafayette Township, NJ are 2-bedroom and 1-bedroom, accounting for 39.2% and 35.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,940$1,960
    Studio Rent N/AN/A
    1 Bed Rent $1,940$1,940
    2 Bed Rent $2,100$1,960
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    35.1%
    2 Bedrooms
    39.2%
    3 Bedrooms
    25.8%

    Property Listings — Lafayette Township, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Lafayette Township, NJ is 29. This is a decrease of -59.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$700,000-13.0%
    Listing Count
    		14-8.0%
    Listings as % of Homes0.9%-8.0%
    Days on Market
    		29-59.0%
    Loading chart...

    Demographics — Lafayette Township, NJ

    As of the latest ACS Survey released in 2023, Lafayette Township, NJ has a population of 4,510, which has decreased by -10.8% over the past 5 years. Lafayette Township, NJ is a moderately popular place for families, as children make up 16.1% 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 14.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,510-10.8%
    % Under 18
    		16.1%-9.6%
    % Seniors
    		28.3%24.1%
    % WFH
    		14.9%73.3%
    % w/ College Degree
    		37.9%16.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Lafayette Township, NJ is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Lafayette Township, NJ is hispanic, making up 8.8% of the population. Foreign-born residents account for 7.9% of the population in Lafayette Township, NJ, and this percentage has increased by 8.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.8%-2.7%
    % Black
    		0.8%-74.2%
    % Hispanic
    		8.8%69.2%
    % Asian
    		2.8%-3.4%
    % Foreign Born
    		7.9%8.2%
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    Mortgage and Risk — Lafayette Township, NJ

    According to HUD data as of 2023, there were 41 mortgage originations in Lafayette Township, NJ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Lafayette Township, NJ. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		41
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Lafayette Township, NJ

    Lafayette Township, NJ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		20
    Total Units Section 8
    		5
    % Rentals under Section 8
    		4.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$380$1,940$1,560
    2 Bedroom-$210$2,100$1,890
    3 BedroomN/AN/A$2,380
    4 BedroomN/AN/A$2,710

    Affordability — Lafayette Township, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$490,000
    Median Household Income$116,000

    Lafayette Township, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    07822

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    Hamburg, NJ

    07419

    Frequently Asked Questions