07442 — Passaic County, New Jersey Market Snapshot
Housing market data for zip code 07442 in Passaic County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
21 sales in 2026 (year to date)
Median Sale Price
$525,110
Days to Sell
25
Homes Sold
21
Inventory
11
Sale-to-List
105.4%
New Listings
27
Price/SqFt
$396
Pending Sales
22
Conforming Loan Available
Most homebuyers in 07442 can comfortably use conventional financing. The median home price of $525,110 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 07442 are moving quickly at 25 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07442 are selling 5.4% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07442 can comfortably use conventional financing. The median home price of $525,110 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 07442 are set at the county level.
2026 Loan Limits — Passaic 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 07442
To purchase the median home at $525,110 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,173.
Monthly Payment
$4,173
Income Required
$178,853
Principal & Interest
$3,236/mo
Down Payment (5%)
$26,256
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 07442.
Estimated Monthly Payment
$3,400
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