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  1. Home
  2. /Browse ZIP Codes
  3. /New Jersey
  4. /Mount Royal, NJ - 08061

Mount Royal, NJ—08061

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$469,000
4.7% YoY Growth
Household Income
$157,000
11.2% YoY Growth
Days on Market
9
89.0% Shorter YoY
Home Price Forecast
2.0%
Median Rent
$3,500
25.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Mount Royal, NJ

As of May '26, the median home price in Mount Royal, NJ is $469,000, with a year-over-year change of 4.7%. This indicates that home prices in Mount Royal, NJ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$469,0004.7%
Single Family $472,0004.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$395,0005.3%
    4 Bed
    		$565,0004.8%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    2 Bedrooms
    6.9%
    3 Bedrooms
    55.4%
    4 Bedrooms
    37.7%

    Rental Trends — Mount Royal, NJ

    As of July '25, Rentcast reports the average rent in Mount Royal, NJ is $3,500, with a year-over-year rent change of 25.0%. Per bedroom, the median rent as of July '25 in Mount Royal, NJ is 4-bedrooms: $3,500. The most common rental property sizes in Mount Royal, NJ are 2-bedroom and 3-bedroom, accounting for 50.0% and 50.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,500$3,500
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent $3,500$3,500
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    50.0%
    3 Bedrooms
    50.0%

    Property Listings — Mount Royal, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Mount Royal, NJ is 9. This is a decrease of -89.0% 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
    		$395,0007.0%
    Listing Count
    		1942.0%
    Listings as % of Homes0.3%42.0%
    Days on Market
    		9-89.0%
    Loading chart...

    Demographics — Mount Royal, NJ

    As of the latest ACS Survey released in 2023, Mount Royal, NJ has a population of 4,410, which has increased by 49.9% over the past 5 years. Mount Royal, NJ is a popular place for families, as children make up 28.8% of the population. The area has a highly educated workforce, with 48.0% 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
    		4,41049.9%
    % Under 18
    		28.8%-11.9%
    % Seniors
    		12.8%190.9%
    % WFH
    		23.4%350.0%
    % w/ College Degree
    		48.0%-0.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Mount Royal, NJ is a predominantly white area, with 83.8% of the population identifying as white. The white population has grown by 24.3% in the last 5 years. The second most common race or ethnicity in Mount Royal, NJ is black, making up 8.7% of the population. Foreign-born residents account for 7.8% of the population in Mount Royal, NJ, and this percentage has increased by 129.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.8%24.3%
    % Black
    		8.7%-55.8%
    % Hispanic
    		3.9%-41.8%
    % Asian
    		1.4%-82.5%
    % Foreign Born
    		7.8%129.4%
    Loading chart...

    Mortgage and Risk — Mount Royal, NJ

    According to HUD data as of 2023, there were 198 mortgage originations in Mount Royal, NJ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Royal, NJ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		198
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Mount Royal, NJ

    Mount Royal, NJ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		25
    Total Units Section 8
    		25
    % Rentals under Section 8
    		52.1%
    % Occupied Section 8
    		76.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,970
    2 BedroomN/AN/A$2,350
    3 BedroomN/AN/A$2,850
    4 Bedroom-$220$3,500$3,280

    Affordability — Mount Royal, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$469,000
    Median Household Income$157,000

    Mount Royal, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions