07050 — Essex County, New Jersey Market Snapshot
Housing market data for zip code 07050 in Essex County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$535,000
Days to Sell
29
Homes Sold
17
Inventory
35
Sale-to-List
99.9%
New Listings
35
Price/SqFt
$294
Pending Sales
30
Conforming Loan Available
Most homebuyers in 07050 can comfortably use conventional financing. The median home price of $535,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07050 are moving quickly at 29 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 07050 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 07050 can comfortably use conventional financing. The median home price of $535,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07050 are set at the county level.
2026 Loan Limits — Essex County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07050
To purchase the median home at $535,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,249.
Monthly Payment
$4,249
Income Required
$182,100
Principal & Interest
$3,297/mo
Down Payment (5%)
$26,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07050.
Estimated Monthly Payment
$3,461
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