East Orange, New Jersey Housing Market Prices
East Orange 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 43% below the New Jersey median$200,674
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Median rent 16% below the New Jersey median$1,438
Housing Market Overview
| Metric | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,674 | $352,792 | $248,835 |
| Price Trend (Annual %) | 5.0% | 4.4% | 7.5% |
| Median Gross Rent | $1,438 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Orange is about 43% lower than in New Jersey. Rent is about 16% lower 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 East Orange, up about 5.0% and 4.7% a year respectively. Home prices are changing faster.
Median rent in East Orange rose about 45.1% between 2015 and 2024, from $991 to $1,438. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in East Orange.
Buying the median-priced home in East Orange costs roughly 11.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Orange. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,674 | $352,792 | $248,835 |
| Median Household Income | $60,925 | $103,817 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Orange rose about 83.1%, while median household income rose about 49.0% 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 | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 29.4% | 59.1% | 58.5% |
| Rental Rate | 65.3% | 33.5% | 31.2% |
| Vacancy Rate | 5.3% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
East Orange has a homeownership rate of 29.4%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 5.3%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | East Orange | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1957 | 1968 | 1978 |
| Median Number of Rooms | 4.3 | 5.7 | 5.5 |
The typical housing unit in East Orange was built around 1957. On average, 2.4 people live in a home with about 4.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in East Orange, New Jersey.
What is the median home price in East Orange, New Jersey?
The median home price in East Orange, New Jersey is $200,674, lower than the New Jersey average of $352,792.
What is the average home price in East Orange, New Jersey?
The typical home price in East Orange, New Jersey, reported as the median sale price, is $200,674. 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 East Orange, New Jersey?
The median gross rent in East Orange, New Jersey is $1,438 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in East Orange in 2020?
In 2020, the median gross rent in East Orange, New Jersey was $1,155 per month.
What is the price-to-rent ratio in East Orange, New Jersey?
The price-to-rent ratio in East Orange, New Jersey is about 11.6, meaning it would take roughly 11.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Orange.
Are home prices or rent rising faster in East Orange, New Jersey?
Both home prices and rent are rising in East Orange, up about 5.0% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Orange, New Jersey?
29.4% of households in East Orange, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in East Orange, New Jersey?
The housing vacancy rate in East Orange, New Jersey is 5.3%, lower than the New Jersey average of 7.5%.
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