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Garwood, NJ

Full City Profile · New Jersey · Union County County

3.5 /5.0
B+ Good
4,688 Population 7,212/sq mi density
$100,948 Median Income $62,335 per capita
$509,800 Home Value $671,070 Zillow
$1,603 Median Rent 26.7% income on rent
55°F Avg Temperature 271 sunny days/yr
23 Violent Crime/100K 803 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$100,948 median income, 4.1% unemployment
B+
Affordability
3.8 / 5.0
$509,800 home value, $1,603/mo rent
F
Safety
1.0 / 5.0
23 violent crimes/100K
A+
Education
4.5 / 5.0
43.8% bachelor's degree or higher

Housing Overview

Median Home Value
$509,800
81% above
US avg: $281,900
Median Rent
$1,603/mo
38% above
US avg: $1,163/mo
Homeownership Rate
54.8%
16% below US avg (65.4%)
Total Housing Units
1,972
Median year built: 1952

Home Value by Source

Census Median
$509,800
Zillow (ZHVI)
$671,070
Median Sale Price
$730,500
Median List Price
$699,999
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

54.8%
Owner-Occupied
45.2%
Renter-Occupied
55%
45%
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: $1,603/mo

Market Indicators (Redfin)

Median Days on Market
18 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$382
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
26.7%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
54.8%

Complete Housing Data

Home Values

Census Median Value$509,800
Zillow Home Value (ZHVI)$671,070
Median Sale Price$730,500
Median List Price$699,999
Price Per Sq Ft$382

Rent

Census Median Rent$1,603
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 Market18
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold4
Active Inventory5
Price Per Sq Ft$382

Ownership & Stock

Owner-Occupied54.8%
Renter-Occupied45.2%
Homeownership Rate54.8%
Total Housing Units1,972
Median Year Built1952
Rent Burden26.7%