Ledgewood, NJ—07852
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ledgewood, NJ
As of Oct '25, the median home price in Ledgewood, NJ is $522,000, with a year-over-year change of 2.9%. This indicates that home prices in Ledgewood, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $522,000 | 2.9% |
| Single Family | $576,000 | 3.2% |
| Condos | $396,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $393,000 | 1.3% |
3 Bed | $490,000 | 3.6% |
4 Bed | $801,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ledgewood, NJ
As of July '25, Rentcast reports the average rent in Ledgewood, NJ is $2,840, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Ledgewood, NJ is 1-bedrooms: $2,180, 2-bedrooms: $3,100, 3-bedrooms: $3,180. The most common rental property sizes in Ledgewood, NJ are 2-bedroom and 1-bedroom, accounting for 46.3% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,180 |
| 2 Bed Rent | $3,100 | $3,100 |
| 3 Bed Rent | $3,100 | $3,180 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ledgewood, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Ledgewood, NJ is 23. This is a decrease of -15.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $438,000 | -16.0% |
Listing Count | 7 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 23 | -15.0% |
Demographics — Ledgewood, NJ
As of the latest ACS Survey released in 2023, Ledgewood, NJ has a population of 3,890, which has decreased by -4.7% over the past 5 years. Ledgewood, NJ is a moderately popular place for families, as children make up 17.6% of the population. The area has a highly educated workforce, with 60.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,890 | -4.7% |
% Under 18 | 17.6% | -27.9% |
% Seniors | 14.9% | -17.2% |
% WFH | 17.9% | 306.8% |
% w/ College Degree | 60.4% | 34.5% |
As of the latest ACS Survey released in 2023, Ledgewood, NJ is a predominantly white area, with 67.4% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Ledgewood, NJ is asian, making up 11.9% of the population. Foreign-born residents account for 14.6% of the population in Ledgewood, NJ, and this percentage has increased by 1.4% 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 | 67.4% | -10.7% |
% Black | 5.6% | -25.3% |
% Hispanic | 10.2% | 50.0% |
% Asian | 11.9% | 9.2% |
% Foreign Born | 14.6% | 1.4% |
Mortgage and Risk — Ledgewood, NJ
According to HUD data as of 2023, there were 65 mortgage originations in Ledgewood, NJ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Ledgewood, NJ. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Ledgewood, NJ
Ledgewood, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,000 | $1,960 |
| 2 Bedroom | -$730 | $3,100 | $2,370 |
| 3 Bedroom | -$120 | $3,100 | $2,980 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Ledgewood, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $522,000 |
| Median Household Income | $90,900 |