Zip 07661 (River Edge, NJ) Housing

Housing in 07661 River Edge, NJ is significantly higher than the national median value. The median housing value in River Edge is $602,900, while the US median stands at $338,100. On top of that, the growth rate of housing prices has been higher in River Edge than the national average over the past year. The US 1 year house appreciation rate was 8.27%, whereas in River Edge it was 10.32%. This indicates that River Edge is an attractive area for housing investments due to its high real estate values and strong growth potential.

The median home cost in River Edge (zip 07661) is $602,900. Home appreciation the last 10 years has been 52.1%. Home Appreciation in River Edge (zip 07661) is up 9.0%.

Average Age of Homes

- The median age of River Edge (zip 07661) real estate is 66 years old

The Rental Market in River Edge (zip 07661)

- Renters make up 25.1% of the River Edge (zip 07661) population
- 0.5% of houses and apartments in River Edge (zip 07661), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	River Edge, New Jersey	United States
	4,503.0	139,647,020.0
	68	42
	$602,900	$338,100
	9.0%	16.6%
	33.0%	57.0%
	52.1%	101.1%
	$21.84	$10.98
	$10,001	$2,690
	74.2%	57.4%
	3.4%	11.2%
	22.4%	31.4%
Vacant Housing
	0.5%	1.9%
	0.4%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	0.7%	20.1%
	11.1%	13.6%
	29.7%	8.3%
	43.1%	9.7%
	14.1%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	1.8%	13.6%
	6.4%	13.2%
	5.2%	14.8%
	1.8%	13.6%
	22.6%	10.0%
	26.1%	4.7%
	18.0%	12.2%

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