Bergenfield, New Jersey Housing Market Prices
Bergenfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 69% above the New Jersey median$595,833
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Median rent 2% above the New Jersey median$1,752
Housing Market Overview
| Metric | Bergenfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $595,833 | $352,792 | $248,835 |
| Price Trend (Annual %) | 12.3% | 4.4% | 7.5% |
| Median Gross Rent | $1,752 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bergenfield is about 69% higher than in New Jersey. Rent is about 2% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bergenfield, up about 12.3% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Bergenfield rose about 47.4% between 2015 and 2024, from $1,189 to $1,752. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Bergenfield.
Buying the median-priced home in Bergenfield costs roughly 28.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bergenfield. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Bergenfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $595,833 | $352,792 | $248,835 |
| Median Household Income | $128,091 | $103,817 | $80,455 |
| Price-to-Income Ratio | 4.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bergenfield rose about 96.0%, while median household income rose about 47.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bergenfield | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 59.1% | 58.5% |
| Rental Rate | 29.0% | 33.5% | 31.2% |
| Vacancy Rate | 1.7% | 7.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Bergenfield has a homeownership rate of 69.4%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 1.7%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Bergenfield | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.04 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1954 | 1968 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Bergenfield was built around 1954. On average, 3.0 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bergenfield, New Jersey.
What is the median home price in Bergenfield, New Jersey?
The median home price in Bergenfield, New Jersey is $595,833, higher than the New Jersey average of $352,792.
What is the average home price in Bergenfield, New Jersey?
The typical home price in Bergenfield, New Jersey, reported as the median sale price, is $595,833. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bergenfield, New Jersey?
The median gross rent in Bergenfield, New Jersey is $1,752 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Bergenfield in 2020?
In 2020, the median gross rent in Bergenfield, New Jersey was $1,419 per month.
What is the price-to-rent ratio in Bergenfield, New Jersey?
The price-to-rent ratio in Bergenfield, New Jersey is about 28.3, meaning it would take roughly 28.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bergenfield.
Are home prices or rent rising faster in Bergenfield, New Jersey?
Both home prices and rent are rising in Bergenfield, up about 12.3% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bergenfield, New Jersey?
69.4% of households in Bergenfield, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Bergenfield, New Jersey?
The housing vacancy rate in Bergenfield, New Jersey is 1.7%, lower than the New Jersey average of 7.5%.
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