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Market AnalysisUpdated March 2026

Bergen County, NJ — Market Snapshot

Real estate market data for Bergen County, New Jersey. Census demographics, rental trends, and economic indicators for investors and developers.

Population

954,717

ACS 2023

Median Household Income

$134,884

ACS 2023

Renter-Occupied

35%

ACS 2023

Median Rent

$1,969/mo

ACS 2023

Source: U.S. Census Bureau, American Community Survey 2023

Population & Income Profile

Age Distribution

Under 19
23.3%
Ages 20–29
11.2%
Ages 30–39
12.6%
Ages 40–49
13.5%
Ages 50–59
14.5%
Ages 60–69
12.5%
Over 70
12.3%

Household Income Distribution

Under $30K
11.0%
$30K–$50K
9.0%
$50K–$75K
00.0%
$75K–$100K
00.0%
$100K–$150K
00.0%
Above $150K
00.0%

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Source: U.S. Census Bureau, American Community Survey 2023

Housing Affordability

Affordability Label

Moderate (4-5x)

ACS 2023

Price-to-Income Ratio

7.1x

Redfin SFR ÷ FRED Per Capita Income
Very Affordable (<3x)Moderate (3–5x)Expensive (5–7x)Very Expensive (>7x)
7.1x

At 7.1x price-to-income, median home prices in Bergen County are significantly above what income alone can support.

Affordability label: U.S. Census Bureau ACS 2023. Price-to-income: Redfin median sale price (SFR, Dec 2025) ÷ FRED per capita personal income (Q4 2025).

Housing Market Overview

Median Home Value
$750,000
Median Gross Rent
$1,969/mo
Homeownership Rate
65%
Typical Monthly Housing Cost(owner-occupied w/ mortgage)
$2,411/mo
Median Annual Property Tax(ACS estimate)
$9,721
Vacancy Rate
Dashboard

Source: U.S. Census Bureau, ACS 2023. Monthly Housing Cost: ACS B25105. Property Tax: ACS B25103.

Home Price Index

Bergen County HPI

274.8

FRED Q4 2025

Since 2020

+52.1%

vs. 2020 baseline

Bergen County home values have appreciated 52.1% since 2020, trailing the New Jersey statewide average of 72.9%.

Source: Federal Reserve Economic Data (FRED) — FHFA House Price Index. Updated Q4 2025.

Investment Analysis

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Market Tier

Bawa Score: 82 / 100

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Economic Indicators

Unemployment Rate
3.6%
Per Capita Personal Income
$106,211
Labor Force
522,405
GDP
$84B
Building Permits
3,329

▼ −1.5% since 2020

State Overview

State Tax Revenue (quarterly)millions USD, not seasonally adjusted
$12.2B
State Home Price Index
939.3
State GDP
$846B

Source: Federal Reserve Economic Data (FRED). Updated Q4 2025.

Nearby Markets

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