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Chatham borough, NJ

ZIP 07928 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07928

Median Home Value
$965,800
Median Rent
$2,300
Affordability Snapshot
$266,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,204/mo PITI).

12%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

35.0 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 07928 in Chatham 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 $6,204. That is roughly in line with the local median household income ($236,000). 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
82.2%+26% vs US avg
x
Vacancy Rate
2.1%-79% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
17.5%+18% vs US avg
x
Built Pre-1939
11.9%-7% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
29.6%-23% vs US avg
x
$965,800
Home Value
$2,300
Rent
1961
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 detached72.5%
  • 1-unit attached6.5%
  • 2-9 units12.5%
  • 10+ units8.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$965,800
Median rent$2,300
Owner-occupied82.2%
Vacant2.1%
Price-to-income4.1x
Est. income to buy$266,000