07470 — Passaic County, New Jersey Market Snapshot
Housing market data for zip code 07470 in Passaic County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
88 sales in 2026 (year to date)
Median Sale Price
$763,500
Days to Sell
25
Homes Sold
88
Inventory
56
Sale-to-List
104.9%
New Listings
128
Price/SqFt
$377
Pending Sales
110
Conforming Loan Available
Most homebuyers in 07470 can comfortably use conventional financing. The median home price of $763,500 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 07470 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 07470 are selling 4.9% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07470 can comfortably use conventional financing. The median home price of $763,500 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 07470 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 07470
To purchase the median home at $763,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,000.
Monthly Payment
$6,000
Income Required
$257,130
Principal & Interest
$4,704/mo
Down Payment (5%)
$38,175
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 07470.
Estimated Monthly Payment
$4,875
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