Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$780,357+7.1% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$169,165About 1.4× the local median income ($121,894): a stretch for a typical household
Days on market38 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Bergen County, NJ is worth $780,357, up 7.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $708,850, so the area is 10.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 38 days to sell, listings are up 27% from a year ago, 13% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $169,165 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,894. Typical rent is $2,895 a month, or $2,828 for a house. In the latest IRS figures, 1,503 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$780,357
Change in 1 year
+7.1%
Overvalued %
+10.1%
Show 7 more
Fair home value
$708,850
Change in 5 years
+33.5%
Zillow forecast, next 12 months
+2.8%
Home value to income
6.4×
Monthly mortgage payment (20% down)
$4,229
Income needed to afford it
$169,165
Property tax rate
1.60%
Rent and investing
Typical rent
$2,895
Typical rent for houses
$2,828
Price-to-rent ratio
22.5×
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HUD Fair Market Rent, 2 bedrooms
$2,282
Gross rental yield
4.45%
Cap rate (estimate)
2.89%
Market activity
Listings vs a year ago
+27.0%
Days on market
38
Listings with a price cut
13.1%
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Homes for sale
1,879
Pending sales per 100 listings
13
Asking price per sq ft
$402
People and jobs
Median household income
$121,894
Population change (1 year)
+0.4%
Unemployment rate
5.8%
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Population
977,026
Income adjusted for cost of living
$108,254
Net moves in (IRS)
−1,503
Cost of living (US = 100)
112.6
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
97.8
Unhealthy air days a year
4
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Flood risk score
100.0
Wildfire risk score
21.7
Walkability (1 to 20)
13.4
Road, rail and air noise
52 dB
Questions people ask
Is Bergen County, NJ overvalued?
Home prices in Bergen County, NJ are well above what local incomes have historically supported: fair value is about $708,850, so the area is 10.1% overvalued.
Is Bergen County, NJ a buyer's or seller's market?
Bergen County, NJ is a balanced market, leaning toward buyers: homes take about 38 days to sell, listings are up 27% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Bergen County, NJ?
Home values in Bergen County, NJ are up 7.1% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Bergen County, NJ?
A household needs about $169,165 a year to afford the typical home in Bergen County, NJ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $121,894.