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Ledgewood, NJ
Full City Profile · New Jersey · Morris County County
3.6
/5.0
B+
Good
5,150
Population
930/sq mi density
$125,000
Median Income
$56,203 per capita
$454,100
Home Value
$632,480 Zillow
$1,570
Median Rent
45.1% income on rent
53°F
Avg Temperature
275 sunny days/yr
92
Violent Crime/100K
1,165 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$125,000 median income, 12.3% unemployment
A+
Affordability
4.6 / 5.0
$454,100 home value, $1,570/mo rent
F
Safety
1.0 / 5.0
92 violent crimes/100K
A+
Education
5.0 / 5.0
62.5% bachelor's degree or higher
Housing Overview
Median Home Value
$454,100
61% above
US avg: $281,900
Median Rent
$1,570/mo
35% above
US avg: $1,163/mo
Homeownership Rate
83.5%
28% above US avg (65.4%)
Total Housing Units
2,000
Median year built: 1992
Home Value by Source
Census Median
$454,100
Zillow (ZHVI)
$632,480
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
83.5%
Owner-Occupied
16.5%
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:
$1,570/mo
Affordability & Housing Stock
Rent Burden
45.1%
of renters spending 30%+ of income on housing
45% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
83.5%
Complete Housing Data
Home Values
| Census Median Value | $454,100 |
| Zillow Home Value (ZHVI) | $632,480 |
Rent
| Census Median Rent | $1,570 |
| 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
Ownership & Stock
| Owner-Occupied | 83.5% |
| Renter-Occupied | 16.5% |
| Homeownership Rate | 83.5% |
| Total Housing Units | 2,000 |
| Median Year Built | 1992 |
| Rent Burden | 45.1% |