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Demarest borough, NJ

ZIP 07627 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07627

Median Home Value
$965,400
Median Rent
$3,501
Affordability Snapshot
$266,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,201/mo PITI).

24%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

23.0 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 07627 in Demarest borough, NJ, a household would need roughly $266,000 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 $6,201. That is about 52% above the local median household income ($175,078), 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
89.7%+37% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
31.1%+110% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
50.9%+2% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$965,400
Home Value
$3,501
Rent
1964
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached97.4%
  • 1-unit attached0.0%
  • 2-9 units2.6%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$965,400
Median rent$3,501
Owner-occupied89.7%
Vacant2.9%
Price-to-income5.5x
Est. income to buy$266,000