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River Edge borough, NJ

ZIP 07661 — 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 07661

Median Home Value
$637,500
Median Rent
$1,747
Affordability Snapshot
$175,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,095/mo PITI).

13%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

30.4 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 07661 in River Edge borough, NJ, a household would need roughly $175,000 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 $4,095. That is roughly in line with the local median household income ($155,827). 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

Historic housing stock (25% built before 1939)

Owner Occupied
75.8%+16% vs US avg
x
Vacancy Rate
2.3%-78% vs US avg
x
Broadband Access
98.0%+13% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
24.8%+93% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
26.7%-46% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$637,500
Home Value
$1,747
Rent
1954
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached72.8%
  • 1-unit attached3.0%
  • 2-9 units18.0%
  • 10+ units5.8%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$637,500
Median rent$1,747
Owner-occupied75.8%
Vacant2.3%
Price-to-income4.1x
Est. income to buy$175,000