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Menlo Park Terrace, NJ
Full City Profile · New Jersey · Union County County
3.6
/5.0
B+
Good
2,952
Population
7,978/sq mi density
$111,111
Median Income
$42,383 per capita
$379,100
Home Value
$552,085 Zillow
$1,879
Median Rent
51.0% income on rent
55°F
Avg Temperature
275 sunny days/yr
65
Violent Crime/100K
1,049 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$111,111 median income, 4.7% unemployment
A+
Affordability
4.8 / 5.0
$379,100 home value, $1,879/mo rent
F
Safety
1.0 / 5.0
65 violent crimes/100K
A
Education
4.0 / 5.0
37.8% bachelor's degree or higher
Housing Overview
Median Home Value
$379,100
34% above
US avg: $281,900
Median Rent
$1,879/mo
62% above
US avg: $1,163/mo
Homeownership Rate
89.9%
37% above US avg (65.4%)
Total Housing Units
942
Median year built: 1954
Home Value by Source
Census Median
$379,100
Zillow (ZHVI)
$552,085
Median Sale Price
$597,000
Median List Price
$550,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.9%
Owner-Occupied
10.1%
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:
$1,879/mo
Market Indicators (Redfin)
Median Days on Market
56 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$357
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
89.9%
Complete Housing Data
Home Values
| Census Median Value | $379,100 |
| Zillow Home Value (ZHVI) | $552,085 |
| Median Sale Price | $597,000 |
| Median List Price | $550,000 |
| Price Per Sq Ft | $357 |
Rent
| Census Median Rent | $1,879 |
| 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 | 56 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $357 |
Ownership & Stock
| Owner-Occupied | 89.9% |
| Renter-Occupied | 10.1% |
| Homeownership Rate | 89.9% |
| Total Housing Units | 942 |
| Median Year Built | 1954 |
| Rent Burden | 51.0% |