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New Providence borough, NJ

ZIP 07922 — 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 07922

Median Home Value
$697,000
Median Rent
$1,986
Affordability Snapshot
$192,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,477/mo PITI).

13%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

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 07922 in New Providence borough, NJ, a household would need roughly $192,000 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 $4,477. That is roughly in line with the local median household income ($179,006). 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
96.0%+47% vs US avg
x
Vacancy Rate
4.1%-60% vs US avg
x
Broadband Access
98.2%+13% vs US avg
x
4+ Bedrooms
15.1%+2% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
19.0%-62% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$697,000
Home Value
$1,986
Rent
1965
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 detached85.0%
  • 1-unit attached9.5%
  • 2-9 units1.6%
  • 10+ units3.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$697,000
Median rent$1,986
Owner-occupied96.0%
Vacant4.1%
Price-to-income3.9x
Est. income to buy$192,000