South River, NJ—08882
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South River, NJ
As of Oct '25, the median home price in South River, NJ is $522,000, with a year-over-year change of 4.1%. This indicates that home prices in South River, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $522,000 | 4.1% |
| Single Family | $523,000 | 3.4% |
| 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 | $505,000 | 3.1% |
4 Bed | $610,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South River, NJ
As of July '25, Rentcast reports the average rent in South River, NJ is $2,380, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in South River, NJ is 1-bedrooms: $1,770, 3-bedrooms: $2,800. The most common rental property sizes in South River, NJ are 1-bedroom and 3-bedroom, accounting for 35.7% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,770 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South River, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in South River, NJ is 30. This is a decrease of -13.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $568,000 | 11.0% |
Listing Count | 32 | -29.0% |
| Listings as % of Homes | 0.4% | -29.0% |
Days on Market | 30 | -13.0% |
Demographics — South River, NJ
As of the latest ACS Survey released in 2023, South River, NJ has a population of 16,000, which has remained stable by -0.1% over the past 5 years. South River, NJ is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | -0.1% |
% Under 18 | 25.8% | 9.3% |
% Seniors | 13.7% | -0.7% |
% WFH | 6.6% | 153.8% |
% w/ College Degree | 31.1% | 26.9% |
As of the latest ACS Survey released in 2023, South River, NJ is a predominantly white area, with 53.4% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in South River, NJ is hispanic, making up 26.7% of the population. Foreign-born residents account for 24.8% of the population in South River, NJ, and this percentage has decreased by 17.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.4% | -10.3% |
% Black | 11.8% | 28.3% |
% Hispanic | 26.7% | 8.5% |
% Asian | 4.3% | -4.4% |
% Foreign Born | 24.8% | -17.3% |
Mortgage and Risk — South River, NJ
According to HUD data as of 2023, there were 173 mortgage originations in South River, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in South River, NJ. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — South River, NJ
South River, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 193 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 98.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,750 | $1,630 |
| 2 Bedroom | N/A | N/A | $2,050 |
| 3 Bedroom | -$310 | $2,800 | $2,490 |
| 4 Bedroom | N/A | N/A | $2,730 |
Affordability — South River, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $522,000 |
| Median Household Income | $102,000 |