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Rockaway, NJ

Full City Profile · New Jersey · Morris County County

3.5 /5.0
B+ Good
6,589 Population 3,168/sq mi density
$100,028 Median Income $54,185 per capita
$427,800 Home Value $348,949 Zillow
$1,496 Median Rent 24.2% income on rent
53°F Avg Temperature 275 sunny days/yr
16 Violent Crime/100K 838 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$100,028 median income, 6.2% unemployment
A
Affordability
4.3 / 5.0
$427,800 home value, $1,496/mo rent
F
Safety
1.0 / 5.0
16 violent crimes/100K
A
Education
4.2 / 5.0
40.4% bachelor's degree or higher

Housing Overview

Median Home Value
$427,800
52% above
US avg: $281,900
Median Rent
$1,496/mo
29% above
US avg: $1,163/mo
Homeownership Rate
57.8%
12% below US avg (65.4%)
Total Housing Units
2,674
Median year built: 1959

Home Value by Source

Census Median
$427,800
Zillow (ZHVI)
$348,949
Median Sale Price
$705,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.8%
Owner-Occupied
42.2%
Renter-Occupied
58%
42%
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: $1,496/mo

Market Indicators (Redfin)

Median Days on Market
100 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$418
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
57.8%

Complete Housing Data

Home Values

Census Median Value$427,800
Zillow Home Value (ZHVI)$348,949
Median Sale Price$705,000
Price Per Sq Ft$418

Rent

Census Median Rent$1,496
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 Market100
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold1
Active Inventory3
Price Per Sq Ft$418

Ownership & Stock

Owner-Occupied57.8%
Renter-Occupied42.2%
Homeownership Rate57.8%
Total Housing Units2,674
Median Year Built1959
Rent Burden24.2%