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Fanwood, NJ

Full City Profile · New Jersey · Union County County

3.9 /5.0
B+ Good
7,714 Population 5,757/sq mi density
$176,667 Median Income $71,378 per capita
$610,600 Home Value $773,071 Zillow
$2,368 Median Rent 39.0% income on rent
55°F Avg Temperature 275 sunny days/yr
26 Violent Crime/100K 324 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$176,667 median income, 2.0% unemployment
A+
Affordability
4.7 / 5.0
$610,600 home value, $2,368/mo rent
F
Safety
1.0 / 5.0
26 violent crimes/100K
A+
Education
5.0 / 5.0
71.2% bachelor's degree or higher

Housing Overview

Median Home Value
$610,600
117% above
US avg: $281,900
Median Rent
$2,368/mo
104% above
US avg: $1,163/mo
Homeownership Rate
86.5%
32% above US avg (65.4%)
Total Housing Units
2,808
Median year built: 1955

Home Value by Source

Census Median
$610,600
Zillow (ZHVI)
$773,071
Median Sale Price
$650,000
Median List Price
$747,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

86.5%
Owner-Occupied
13.5%
Renter-Occupied
87%
14%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $2,368/mo

Market Indicators (Redfin)

Median Days on Market
22 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
3
Price Drops
9.1%
of listings with price reduction
Price Per Sq Ft
$490
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
39.0%
of renters spending 30%+ of income on housing
26% above US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
86.5%

Complete Housing Data

Home Values

Census Median Value$610,600
Zillow Home Value (ZHVI)$773,071
Median Sale Price$650,000
Median List Price$747,500
Price Per Sq Ft$490

Rent

Census Median Rent$2,368
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market22
Sale-to-List Ratio1.1%
Price Drops9.1%
Homes Sold3
Active Inventory11
Price Per Sq Ft$490

Ownership & Stock

Owner-Occupied86.5%
Renter-Occupied13.5%
Homeownership Rate86.5%
Total Housing Units2,808
Median Year Built1955
Rent Burden39.0%