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
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 Market | 22 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 9.1% |
| Homes Sold | 3 |
| Active Inventory | 11 |
| Price Per Sq Ft | $490 |
Ownership & Stock
| Owner-Occupied | 86.5% |
| Renter-Occupied | 13.5% |
| Homeownership Rate | 86.5% |
| Total Housing Units | 2,808 |
| Median Year Built | 1955 |
| Rent Burden | 39.0% |
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