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North Arlington borough, NJ

ZIP 07031 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07031

Median Home Value
$464,700
Median Rent
$1,583
Affordability Snapshot
$128,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,985/mo PITI).

19%
Rent-to-Income Ratio

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

4.6x
Home Price-to-Income Ratio

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

24.5 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 07031 in North Arlington borough, NJ, a household would need roughly $128,000 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 $2,985. That is about 26% above the local median household income ($101,493), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
46.4%-29% vs US avg
x
Vacancy Rate
4.9%-53% vs US avg
x
Broadband Access
92.8%+7% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
16.2%+27% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
15.3%-69% vs US avg
x
Mortgage-Free
35.2%-8% vs US avg
x
$464,700
Home Value
$1,583
Rent
1954
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached37.8%
  • 1-unit attached3.6%
  • 2-9 units46.8%
  • 10+ units11.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$464,700
Median rent$1,583
Owner-occupied46.4%
Vacant4.9%
Price-to-income4.6x
Est. income to buy$128,000