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Basking Ridge CDP, NJ

ZIP 07920 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07920

Median Home Value
$769,300
Median Rent
$2,135
Affordability Snapshot
$212,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,942/mo PITI).

14%
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.

30.0 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 07920 in Basking Ridge CDP, NJ, a household would need roughly $212,000 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 $4,942. That is roughly in line with the local median household income ($184,630). 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
84.0%+28% vs US avg
x
Vacancy Rate
2.8%-72% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
12.6%-15% vs US avg
x
Built Pre-1939
1.6%-87% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
16.2%-67% vs US avg
x
Mortgage-Free
38.1%-0% vs US avg
x
$769,300
Home Value
$2,135
Rent
1987
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached55.8%
  • 1-unit attached22.1%
  • 2-9 units13.3%
  • 10+ units8.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$769,300
Median rent$2,135
Owner-occupied84.0%
Vacant2.8%
Price-to-income4.2x
Est. income to buy$212,000