Welcome to our 7470 real estate data hub, tailored for investors in Wayne, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 7470 in Wayne, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PASSAIC COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Wayne, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Wayne property market.
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Location Overview
- Zip Code: 7470
- City: Wayne
- State: NJ
- Metro Area: New York-Newark-Jersey City, NY-NJ-PA
- County Name: PASSAIC COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $571,546
- Average Home Price (Single Family Homes): $595,506
- Average Monthly Rental Price (All Types): $2,550
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: -0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,110
- Average 3 Bedroom Section 8 Rental Rates: $2,620
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.57
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.18
- Number of Units Offered in Section 8 in the County: 3662
- Number of Occupied Units in Section 8 in the County: 3524
- Percentage of Section 8 Units Occupied in the County: 96.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 153.82
- Total % Appreciation since 2000 (Government Data): 95.12
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.03%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.78%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.83%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.73%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.95%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.68%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.86%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%