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Tenafly borough, NJ

ZIP 07670 — 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 07670

Median Home Value
$974,300
Median Rent
$2,913
Affordability Snapshot
$268,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,259/mo PITI).

17%
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.

27.9 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 07670 in Tenafly borough, NJ, a household would need roughly $268,000 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 $6,259. That is about 29% above the local median household income ($208,088), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.2%+10% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
97.5%+12% vs US avg
x
4+ Bedrooms
22.1%+50% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
17.5%-65% vs US avg
x
Mortgage-Free
35.6%-7% vs US avg
x
$974,300
Home Value
$2,913
Rent
1957
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 detached75.9%
  • 1-unit attached6.1%
  • 2-9 units10.3%
  • 10+ units6.5%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$974,300
Median rent$2,913
Owner-occupied72.2%
Vacant3.6%
Price-to-income4.7x
Est. income to buy$268,000