Overview / New Jersey

Bergen

county · 15 metrics · 5y change · report

Median gross rent
$1,863
+23.7% over 5y · rank 7/21
Median household income
$123,715
+22.3% over 5y · rank 10/21
Median owner-occupied home value
$593,200
+26.3% over 5y · rank 14/21
Total population
954,717
+2.6% over 5y · rank 18/21
Renters paying over 30% of income on housing
0.47
+4.4% over 5y · rank 19/21
Area median income (HUD)
$129,500
+24.3% over 5y · rank 3/21
Low-income limit, 80% AMI, 4-person household
$97,800
+24.6% over 5y · rank 6/21
Net migration, tax returns
-2,571
-21.3% over 5y · rank 15/21
Residential units permitted
3,488
-11.4% over 5y · rank 12/21
Home value to area median income
5.50
+5.9% over 5y · rank 2/21
Home value to household income
5.34
+3.4% over 5y · rank 2/21
Annual rent to household income
0.25
+2.5% over 5y · rank 2/16
Unemployment rate
3.6%
-45.5% over 5y · rank 1/21
Home value index, single-family
$791,116
+32.2% over 5y · rank 17/21
Observed rent index, all homes
$2,916
+31.2% over 5y · rank 11/17

Home value index, single-family

Home value index, single-family · 318 observations
$201,742$518,258$834,7732000-012026-06

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PeriodValueSourceMatched by
2026-06-01$791,116zillow_zhvifips
2026-05-01$788,031zillow_zhvifips
2026-04-01$784,954zillow_zhvifips
2026-03-01$781,513zillow_zhvifips
2026-02-01$776,388zillow_zhvifips
2026-01-01$771,340zillow_zhvifips
2025-12-01$766,922zillow_zhvifips
2025-11-01$761,492zillow_zhvifips
2025-10-01$756,344zillow_zhvifips
2025-09-01$752,454zillow_zhvifips
2025-08-01$750,323zillow_zhvifips
2025-07-01$749,534zillow_zhvifips
2025-06-01$747,716zillow_zhvifips
2025-05-01$745,695zillow_zhvifips
2025-04-01$742,994zillow_zhvifips
2025-03-01$739,483zillow_zhvifips
2025-02-01$736,751zillow_zhvifips
2025-01-01$735,004zillow_zhvifips
2024-12-01$734,133zillow_zhvifips
2024-11-01$732,600zillow_zhvifips
2024-10-01$729,386zillow_zhvifips
2024-09-01$725,282zillow_zhvifips
2024-08-01$720,382zillow_zhvifips
2024-07-01$716,251zillow_zhvifips

Observed rent index, all homes

Observed rent index, all homes · 138 observations
$1,701$2,354$3,0062015-012026-06

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PeriodValueSourceMatched by
2026-06-01$2,916zillow_zorifips
2026-05-01$2,903zillow_zorifips
2026-04-01$2,892zillow_zorifips
2026-03-01$2,878zillow_zorifips
2026-02-01$2,882zillow_zorifips
2026-01-01$2,881zillow_zorifips
2025-12-01$2,866zillow_zorifips
2025-11-01$2,862zillow_zorifips
2025-10-01$2,851zillow_zorifips
2025-09-01$2,857zillow_zorifips
2025-08-01$2,848zillow_zorifips
2025-07-01$2,835zillow_zorifips
2025-06-01$2,820zillow_zorifips
2025-05-01$2,814zillow_zorifips
2025-04-01$2,793zillow_zorifips
2025-03-01$2,781zillow_zorifips
2025-02-01$2,774zillow_zorifips
2025-01-01$2,769zillow_zorifips
2024-12-01$2,763zillow_zorifips
2024-11-01$2,758zillow_zorifips
2024-10-01$2,769zillow_zorifips
2024-09-01$2,777zillow_zorifips
2024-08-01$2,771zillow_zorifips
2024-07-01$2,760zillow_zorifips

Median household income

Median household income · 5 observations
$99,338$112,430$125,5212015-012019-01

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PeriodValueSourceMatched by
2019-01-01$123,715census_acsfips
2018-01-01$118,714census_acsfips
2017-01-01$109,497census_acsfips
2016-01-01$104,623census_acsfips
2015-01-01$101,144census_acsfips

Current values

Each metric’s most recent reading, ranked against peers by value rather than by change. The MOD-IV assessment aggregates appear only here: they are a single published snapshot, and a change needs two observations.

MetricValueRankAs ofSource
Median gross rent$1,8632 / 212023-12-31census_acs
Median household income$123,7154 / 212023-12-31census_acs
Median owner-occupied home value$593,2001 / 212023-12-31census_acs
Total population954,7171 / 212023-12-31census_acs
Renters paying over 30% of income on housing0.477 / 212023-12-31census_acs
Area median income (HUD)$129,50010 / 212024-12-31hud
Low-income limit, 80% AMI, 4-person household$97,8005 / 212024-12-31hud
Net migration, tax returns-2,57117 / 212022-12-31irs_migration
Residential units permitted3,4883 / 212024-12-31census_permits
Home value to area median income5.5018 / 212024-12-31hip_derived
Home value to household income5.3414 / 212023-12-31hip_derived
Annual rent to household income0.259 / 182023-12-31hip_derived
Unemployment rate3.6%1 / 212025-12-31bls
Home value index, single-family$791,1162 / 212026-06-30zillow_zhvi
Observed rent index, all homes$2,9163 / 192026-06-30zillow_zori

Interpretation

written by Gemma 4 E4B · ollama

The underlying figures have changed since this was written. Treat it as out of date until it is regenerated.

The region shows strong appreciation in housing values and remains highly ranked for affordability metrics. Over the 2020-2024 window, the Home value to area median income increased by +5.9%, ranking 2nd among peers. Similarly, the Home value to household income rose +3.4%, also ranking 2nd. Housing values have seen significant gains, with the Median owner-occupied home value increasing by +26.3% and the Home value index, single-family, rising +32.2%. Despite these value increases, the region's affordability ratios remain favorable, as evidenced by the Annual rent to household income increasing by only +2.5%, which ranks 2nd among comparable regions.

Income and rental costs have risen substantially, though income growth lags behind housing appreciation. The Area median income (HUD) increased by +24.3%, ranking 3rd among peers. However, the Median gross rent saw a +23.7% increase, and the Median household income rose by +22.3%. A key area of concern is housing stress, as the percentage of renters paying over 30% of income on housing increased by +4.4%, placing the region in the 19th rank (worst end) of its peer group.

Economically, the region performed exceptionally well, achieving an Unemployment rate decrease of -45.5%, ranking 1st among all regions. While the total population increased by +2.6%, net migration showed a decline of -21.3%. It is important to note that affordability ratios are computed by the platform and not published by the source, and the ACS 5-year vintages overlap by four years, meaning consecutive estimates are not independent measurements. Furthermore, the Zillow Observed rent index, which is used for some rent figures, rests on a thinner base and ranks against a smaller cohort than the home-value index.

Generated by a local language model from this region's analysis packet. It is interpretation of computed metrics, not a measurement, and not advice.

Caveats