Warren County, New Jersey Housing Market
In Warren County, New Jersey, the median home value is $346,500, with a median monthly rent of $1,409. This places Warren County at #436 nationally out of 3134 counties by median home value, and #16 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: $1,250
- Establishments: 2,766
- BLS QCEW, 2025
Housing Supply
- Single-family: 292
- Multi-family: 43
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 48,167 (avg $90,687)
- Outflow: 46,095 (avg $91,746)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Warren County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 07863 | 221.1 | +3.21% | 2025 |
| 2 | 08865 | 258.4 | +3.38% | 2025 |
| 3 | 07838 | 234.9 | +4.69% | 2025 |
| 4 | 07823 | 233.2 | +6.69% | 2025 |
| 5 | 07832 | 245.7 | +8.28% | 2025 |
| 6 | 08886 | 219.7 | +12.24% | 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 Warren County Compares
| Metric | Warren County | New Jersey Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $346,500 | $430,014 | $227,706 |
| Median Gross Rent | $1,409 | $1,634 | $968 |
| Owner Occupancy Rate | 75.1% | 68.3% | 73.3% |
| Price/Rent Ratio | 20.5 | 21.6 | 18.7 |
Market Analysis
The median home value in Warren County is 19.4% below the New Jersey state average and 52.2% above the U.S. national average. The median rent of $1,409/month is 13.8% below the state average.
With a price-to-rent ratio of 20.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Warren County has an owner-occupancy rate of 75.1%, compared to 68.3% in New Jersey and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Anoka County | Minnesota | $346,500 | $1,464 |
| Lawrence County | South Dakota | $346,500 | $938 |
| Matanuska-Susitna Borough | Alaska | $346,600 | $1,299 |
| Montgomery County | Texas | $346,200 | $1,532 |
| Northumberland County | Virginia | $346,800 | $1,038 |
Other Counties in New Jersey
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Burlington County | $354,000 | $1,745 | 76.1% |
| Sussex County | $369,400 | $1,585 | 83.7% |
| Mercer County | $377,700 | $1,623 | 62.2% |
| Gloucester County | $310,400 | $1,531 | 80.1% |
| Atlantic County | $295,000 | $1,376 | 68.7% |
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).