Englewood, New Jersey Housing Market Prices
Englewood 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.
-
Median home price 22% below the New Jersey median$275,000
-
Median rent 15% above the New Jersey median$1,976
Housing Market Overview
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $352,792 | $248,835 |
| Price Trend (Annual %) | -7.0% | 4.4% | 7.5% |
| Median Gross Rent | $1,976 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Englewood is about 22% lower than in New Jersey. Rent is about 15% higher than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Englewood: home prices fell about 7.0% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Englewood rose about 39.7% between 2015 and 2024, from $1,415 to $1,976. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Englewood.
Buying the median-priced home in Englewood 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 Englewood. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $352,792 | $248,835 |
| Median Household Income | $102,887 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Englewood fell about 58.5%, while median household income rose about 39.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 59.1% | 58.5% |
| Rental Rate | 43.2% | 33.5% | 31.2% |
| Vacancy Rate | 5.2% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Englewood has a homeownership rate of 51.6%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 5.2%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Englewood | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1962 | 1968 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Englewood was built around 1962. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Englewood, NJ Housing Compared With Nearby Cities
How Englewood, NJ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Englewood, NJ | 29,605 | $275,000 #1/2 | $1,976 #2/2 | 54.4% #2/2 |
| Fort Lee, NJ | 39,670 | $108,874 | $2,268 | 55.1% |
Frequently Asked Questions
Common questions about the housing market in Englewood, New Jersey.
What is the median home price in Englewood, New Jersey?
The median home price in Englewood, New Jersey is $275,000, lower than the New Jersey average of $352,792.
What is the average home price in Englewood, New Jersey?
The typical home price in Englewood, New Jersey, reported as the median sale price, is $275,000. 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 Englewood, New Jersey?
The median gross rent in Englewood, New Jersey is $1,976 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Englewood in 2020?
In 2020, the median gross rent in Englewood, New Jersey was $1,511 per month.
What is the price-to-rent ratio in Englewood, New Jersey?
The price-to-rent ratio in Englewood, 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 Englewood.
Are home prices or rent rising faster in Englewood, New Jersey?
Home prices and rent are moving in opposite directions in Englewood: home prices fell about 7.0% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Englewood, New Jersey?
51.6% of households in Englewood, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Englewood, New Jersey?
The housing vacancy rate in Englewood, New Jersey is 5.2%, lower than the New Jersey average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →