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Wanaque borough, NJ

ZIP 07420 — 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 07420

Median Home Value
$344,700
Median Rent
$1,607
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,214/mo PITI).

18%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

17.9 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 07420 in Wanaque borough, NJ, a household would need roughly $95,000 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 $2,214. That sits below the local median household income ($106,915), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.7%+7% vs US avg
x
Vacancy Rate
1.8%-83% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.9%-56% vs US avg
x
Mortgage-Free
30.0%-21% vs US avg
x
$344,700
Home Value
$1,607
Rent
1956
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 detached59.3%
  • 1-unit attached8.4%
  • 2-9 units25.7%
  • 10+ units6.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$344,700
Median rent$1,607
Owner-occupied69.7%
Vacant1.8%
Price-to-income3.2x
Est. income to buy$95,000