Highland Park, NJ—08904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Park, NJ
As of Oct '25, the median home price in Highland Park, NJ is $576,000, with a year-over-year change of 5.5%. This indicates that home prices in Highland Park, 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 | $576,000 | 5.5% |
| Single Family | $586,000 | 4.6% |
| Condos | $474,000 | 3.7% |
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 | $566,000 | 4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Highland Park, NJ
As of July '25, Rentcast reports the average rent in Highland Park, NJ is $2,510, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Highland Park, NJ is studios: $900, 1-bedrooms: $1,900, 2-bedrooms: $2,420, 3-bedrooms: $3,380, 4-bedrooms: $3,350. The most common rental property sizes in Highland Park, NJ are 1-bedroom and 2-bedroom, accounting for 46.2% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,510 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $1,920 | $1,900 |
| 2 Bed Rent | $2,300 | $2,420 |
| 3 Bed Rent | $3,120 | $3,380 |
| 4 Bed Rent | $3,000 | $3,350 |
% of Rental Stock
Property Listings — Highland Park, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Park, NJ is 47. This is a decrease of -22.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $566,000 | 3.0% |
Listing Count | 22 | -13.0% |
| Listings as % of Homes | 0.4% | -13.0% |
Days on Market | 47 | -22.0% |
Demographics — Highland Park, NJ
As of the latest ACS Survey released in 2023, Highland Park, NJ has a population of 15,000, which has increased by 7.1% over the past 5 years. Highland Park, NJ is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 70.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 7.1% |
% Under 18 | 18.6% | -15.5% |
% Seniors | 11.3% | -5.0% |
% WFH | 24.2% | 332.1% |
% w/ College Degree | 70.2% | 1.4% |
As of the latest ACS Survey released in 2023, Highland Park, NJ is a predominantly white area, with 55.1% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Highland Park, NJ is asian, making up 20.3% of the population. Foreign-born residents account for 34.7% of the population in Highland Park, NJ, and this percentage has increased by 25.3% 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 | 55.1% | -4.3% |
% Black | 5.5% | -45.5% |
% Hispanic | 15.0% | -8.0% |
% Asian | 20.3% | 47.1% |
% Foreign Born | 34.7% | 25.3% |
Mortgage and Risk — Highland Park, NJ
According to HUD data as of 2023, there were 139 mortgage originations in Highland Park, NJ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Highland Park, NJ. Investor activity is low, as 4.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Highland Park, NJ
As of 2024, the percent of homes in Highland Park, NJ under the Section 8 program is 9.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Highland Park, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 390 |
Total Units Section 8 | 390 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,920 | $1,690 |
| 2 Bedroom | -$180 | $2,300 | $2,120 |
| 3 Bedroom | -$570 | $3,120 | $2,550 |
| 4 Bedroom | -$190 | $3,000 | $2,810 |
Affordability — Highland Park, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $576,000 |
| Median Household Income | $102,000 |