07456 — Passaic County, New Jersey Market Snapshot
Housing market data for zip code 07456 in Passaic County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$642,500
Days to Sell
22
Homes Sold
16
Inventory
14
Sale-to-List
104.1%
New Listings
26
Price/SqFt
$287
Pending Sales
19
Conforming Loan Available
Most homebuyers in 07456 can comfortably use conventional financing. The median home price of $642,500 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 07456 are moving quickly at 22 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07456 are selling 4.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07456 can comfortably use conventional financing. The median home price of $642,500 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 07456 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 07456
To purchase the median home at $642,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,073.
Monthly Payment
$5,073
Income Required
$217,398
Principal & Interest
$3,959/mo
Down Payment (5%)
$32,125
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 07456.
Estimated Monthly Payment
$4,126
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