Bergen County, New Jersey Housing Market
In Bergen County, New Jersey, the median home value is $623,000, with a median monthly rent of $1,914. This places Bergen County at #72 nationally out of 3134 counties by median home value, and #1 within New Jersey.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,612
- Establishments: 35,687
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,405
- Multi-family: 1,565
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 403,327 (avg $156,361)
- Outflow: 401,366 (avg $157,243)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Bergen County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07057 | 331.4 | +15.34% | 2025 |
| 2 | 07641 | 313.4 | +14.19% | 2025 |
| 3 | 07423 | 253.1 | -3.64% | 2025 |
| 4 | 07670 | 315.7 | +11.40% | 2025 |
| 5 | 07627 | 310.0 | +19.00% | 2025 |
| 6 | 07624 | 284.9 | +11.06% | 2025 |
| 7 | 07026 | 321.9 | +7.15% | 2025 |
| 8 | 07649 | 258.9 | +9.71% | 2025 |
| 9 | 07458 | 215.7 | +8.65% | 2025 |
| 10 | 07010 | 335.5 | +9.58% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Bergen County Compares
| Metric | Bergen County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $623,000 | $430,014 | $227,706 |
| Median Gross Rent | $1,914 | $1,634 | $968 |
| Owner Occupancy Rate | 65.3% | 68.3% | 73.3% |
| Price/Rent Ratio | 27.1 | 21.6 | 18.7 |
Market Analysis
The median home value in Bergen County is 44.9% above the New Jersey state average and 173.6% above the U.S. national average. The median rent of $1,914/month is 17.1% above the state average.
With a price-to-rent ratio of 27.1, Bergen County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Bergen County has an owner-occupancy rate of 65.3%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Nevada County | California | $621,800 | $1,677 |
| Gunnison County | Colorado | $621,800 | $1,252 |
| Yolo County | California | $620,700 | $1,857 |
| Essex County | Massachusetts | $619,100 | $1,756 |
| Solano County | California | $617,700 | $2,163 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Monmouth County | $606,100 | $1,827 | 75.6% |
| Morris County | $582,500 | $1,904 | 74.3% |
| Somerset County | $552,100 | $2,033 | 74.3% |
| Hudson County | $539,700 | $1,894 | 30.7% |
| Union County | $529,200 | $1,730 | 57.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).