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Kearny town, NJ

ZIP 07032 — 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 07032

Median Home Value
$431,700
Median Rent
$1,436
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,773/mo PITI).

21%
Rent-to-Income Ratio

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

5.2x
Home Price-to-Income Ratio

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

25.1 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 07032 in Kearny town, NJ, a household would need roughly $119,000 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 $2,773. That is about 43% above the local median household income ($83,212), 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
45.5%-31% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
91.8%+5% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
10.6%-17% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
25.5%-49% vs US avg
x
Mortgage-Free
41.4%+8% vs US avg
x
$431,700
Home Value
$1,436
Rent
1952
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached31.3%
  • 1-unit attached4.6%
  • 2-9 units48.0%
  • 10+ units16.0%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$431,700
Median rent$1,436
Owner-occupied45.5%
Vacant3.8%
Price-to-income5.2x
Est. income to buy$119,000