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Midland Park borough, NJ

ZIP 07432 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07432

Median Home Value
$586,200
Median Rent
$1,730
Affordability Snapshot
$161,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,766/mo PITI).

15%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.2 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 07432 in Midland Park borough, NJ, a household would need roughly $161,000 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 $3,766. That is roughly in line with the local median household income ($140,063). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.5%+6% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
92.8%+7% vs US avg
x
4+ Bedrooms
6.6%-55% vs US avg
x
Built Pre-1939
12.5%-3% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
8.8%-82% vs US avg
x
Mortgage-Free
45.1%+18% vs US avg
x
$586,200
Home Value
$1,730
Rent
1953
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached67.2%
  • 1-unit attached3.0%
  • 2-9 units16.7%
  • 10+ units13.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$586,200
Median rent$1,730
Owner-occupied69.5%
Vacant3.6%
Price-to-income4.2x
Est. income to buy$161,000