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Bernardsville borough, NJ

ZIP 07924 — 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 07924

Median Home Value
$733,800
Median Rent
$1,736
Affordability Snapshot
$202,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,714/mo PITI).

9%
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.

35.2 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 07924 in Bernardsville borough, NJ, a household would need roughly $202,000 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 $4,714. That sits below the local median household income ($230,752), 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

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

Heating Fuel
Housing Metrics
Owner Occupied
89.9%+37% vs US avg
x
Vacancy Rate
2.6%-75% vs US avg
x
Broadband Access
98.6%+13% vs US avg
x
4+ Bedrooms
23.0%+55% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
36.9%-3% vs US avg
x
$733,800
Home Value
$1,736
Rent
1964
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached86.7%
  • 1-unit attached2.0%
  • 2-9 units9.1%
  • 10+ units2.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$733,800
Median rent$1,736
Owner-occupied89.9%
Vacant2.6%
Price-to-income3.2x
Est. income to buy$202,000