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Wallington borough, NJ

ZIP 07057 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07057

Median Home Value
$493,700
Median Rent
$1,407
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,171/mo PITI).

20%
Rent-to-Income Ratio

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

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.2 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 07057 in Wallington borough, NJ, a household would need roughly $136,000 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 $3,171. That is about 65% above the local median household income ($82,422), 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
38.7%-41% vs US avg
x
Vacancy Rate
4.8%-53% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
12.1%-6% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.7%-54% vs US avg
x
Mortgage-Free
54.2%+42% vs US avg
x
$493,700
Home Value
$1,407
Rent
1960
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached22.9%
  • 1-unit attached2.9%
  • 2-9 units53.6%
  • 10+ units20.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$493,700
Median rent$1,407
Owner-occupied38.7%
Vacant4.8%
Price-to-income6.0x
Est. income to buy$136,000