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Westfield town, NJ

ZIP 07066 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07066

Median Home Value
$570,400
Median Rent
$1,593
Affordability Snapshot
$157,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,664/mo PITI).

16%
Rent-to-Income Ratio

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

4.7x
Home Price-to-Income Ratio

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

29.8 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 07066 in Westfield town, NJ, a household would need roughly $157,000 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 $3,664. That is about 28% above the local median household income ($122,610), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.1%+16% vs US avg
x
Vacancy Rate
2.2%-78% vs US avg
x
Broadband Access
96.3%+11% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
10.4%-19% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
19.9%-60% vs US avg
x
Mortgage-Free
41.7%+9% vs US avg
x
$570,400
Home Value
$1,593
Rent
1962
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached74.3%
  • 1-unit attached3.5%
  • 2-9 units8.5%
  • 10+ units13.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$570,400
Median rent$1,593
Owner-occupied76.1%
Vacant2.2%
Price-to-income4.7x
Est. income to buy$157,000