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Closter borough, NJ

ZIP 07624 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07624

Median Home Value
$820,100
Median Rent
$1,856
Affordability Snapshot
$226,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,268/mo PITI).

12%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

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

36.8 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 07624 in Closter borough, NJ, a household would need roughly $226,000 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 $5,268. That is about 21% above the local median household income ($187,500), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
97.6%+12% vs US avg
x
4+ Bedrooms
16.5%+11% vs US avg
x
Built Pre-1939
8.8%-31% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
35.5%-29% vs US avg
x
Mortgage-Free
33.5%-12% vs US avg
x
$820,100
Home Value
$1,856
Rent
1957
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached91.3%
  • 1-unit attached0.5%
  • 2-9 units6.8%
  • 10+ units1.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$820,100
Median rent$1,856
Owner-occupied82.0%
Vacant3.3%
Price-to-income4.4x
Est. income to buy$226,000