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Fairview borough, NJ

ZIP 07022 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07022

Median Home Value
$512,100
Median Rent
$1,447
Affordability Snapshot
$141,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,290/mo PITI).

27%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07022 in Fairview borough, NJ, a household would need roughly $141,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,290. That is about 120% above the local median household income ($64,152), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
34.8%-47% vs US avg
x
Vacancy Rate
2.5%-76% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
14.6%+14% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
30.2%-39% vs US avg
x
Mortgage-Free
34.9%-9% vs US avg
x
$512,100
Home Value
$1,447
Rent
1957
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached20.9%
  • 1-unit attached7.3%
  • 2-9 units51.1%
  • 10+ units20.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$512,100
Median rent$1,447
Owner-occupied34.8%
Vacant2.5%
Price-to-income8.0x
Est. income to buy$141,000