Waretown, NJ—08758
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waretown, NJ
As of Oct '25, the median home price in Waretown, NJ is $544,000, with a year-over-year change of 2.5%. This indicates that home prices in Waretown, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $544,000 | 2.5% |
| Single Family | $546,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $510,000 | 2.4% |
3 Bed | $569,000 | 2.2% |
4 Bed | $577,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waretown, NJ
As of July '25, Rentcast reports the average rent in Waretown, NJ is $2,810, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Waretown, NJ is 1-bedrooms: $1,660, 2-bedrooms: $2,700, 3-bedrooms: $3,220. The most common rental property sizes in Waretown, NJ are 1-bedroom and 2-bedroom, accounting for 44.8% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,660 |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $3,200 | $3,220 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waretown, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Waretown, NJ is 73. This is a increase of 89.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $533,000 | -16.0% |
Listing Count | 66 | 62.0% |
| Listings as % of Homes | 1.1% | 62.0% |
Days on Market | 73 | 89.0% |
Demographics — Waretown, NJ
As of the latest ACS Survey released in 2023, Waretown, NJ has a population of 8,010, which has increased by 4.4% over the past 5 years. Waretown, NJ is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,010 | 4.4% |
% Under 18 | 17.7% | 38.3% |
% Seniors | 32.4% | -15.0% |
% WFH | 10.9% | 142.2% |
% w/ College Degree | 33.4% | 16.4% |
As of the latest ACS Survey released in 2023, Waretown, NJ is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Waretown, NJ is hispanic, making up 5.5% of the population. Foreign-born residents account for 4.8% of the population in Waretown, NJ, and this percentage has increased by 50.0% 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 | 88.9% | -7.1% |
% Black | 1.4% | 180.0% |
% Hispanic | 5.5% | 120.0% |
% Asian | 1.0% | ∞% |
% Foreign Born | 4.8% | 50.0% |
Mortgage and Risk — Waretown, NJ
According to HUD data as of 2023, there were 201 mortgage originations in Waretown, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Waretown, NJ. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Waretown, NJ
Waretown, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,310 | $1,610 |
| 2 Bedroom | -$720 | $2,700 | $1,980 |
| 3 Bedroom | -$560 | $3,200 | $2,640 |
| 4 Bedroom | N/A | N/A | $2,930 |
Affordability — Waretown, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $544,000 |
| Median Household Income | $104,000 |