Mount Royal, NJ—08061
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Royal, NJ
As of Nov '25, the median home price in Mount Royal, NJ is $442,000, with a year-over-year change of 3.7%. This indicates that home prices in Mount Royal, NJ are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | 3.7% |
| Single Family | $446,000 | 3.5% |
| 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 | $374,000 | 5.1% |
4 Bed | $537,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Mount Royal, NJ
As of Nov '25, Realtor.com reports that the median days on market for a home in Mount Royal, NJ is 32. This is a decrease of -49.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -3.0% |
Listing Count | 12 | -17.0% |
| Listings as % of Homes | 0.3% | -17.0% |
Days on Market | 32 | -49.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,410 | 49.9% |
% Under 18 | 28.8% | -11.9% |
% Seniors | 12.8% | 190.9% |
% WFH | 23.4% | 350.0% |
% w/ College Degree | 48.0% | -0.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,970 |
| 2 Bedroom | N/A | N/A | $2,350 |
| 3 Bedroom | N/A | N/A | $2,850 |
| 4 Bedroom | -$220 | $3,500 | $3,280 |
Affordability — Mount Royal, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $442,000 |
| Median Household Income | $157,000 |