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Richwood CDP, NJ

ZIP 08062 — 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 08062

Median Home Value
$468,600
Median Rent
$686
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,010/mo PITI).

5%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

56.9 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 08062 in Richwood CDP, NJ, a household would need roughly $129,000 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 $3,010. That sits below the local median household income ($159,386), 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
92.4%+41% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
97.0%+12% vs US avg
x
4+ Bedrooms
9.1%-39% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.3%-73% vs US avg
x
Mortgage-Free
27.8%-27% vs US avg
x
$468,600
Home Value
$686
Rent
1996
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached90.1%
  • 1-unit attached2.6%
  • 2-9 units1.5%
  • 10+ units2.7%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$468,600
Median rent$686
Owner-occupied92.4%
Vacant3.1%
Price-to-income2.9x
Est. income to buy$129,000