The story of this market
The typical home in ZIP 07040 sells for about $1,133,000, or $369 per square foot.
Prices are up +6.38% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,269 a month.
ZIP 07040 — Maplewood
The 07040 housing market remains highly competitive with strong year-over-year price appreciation, driven by limited inventory and sustained demand from NYC-area commuters. Homes continue to sell quickly, reflecting a robust seller's market despite broader economic fluctuations.
This ZIP is ideal for family buyers and Manhattan commuters who prioritize access to high-quality schools, historic architecture, and convenient transit links.
Median prices moved up 6.4% year over year.
Homes spend a median of 20 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 3.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 07040, Essex County NJ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Maplewood is served by the South Orange-Maplewood School District, which is generally well-regarded and a primary driver for family-oriented housing demand in the area.
The area benefits from its proximity to New York City, serving as a major commuter hub with significant demand for historic residential housing stock.
Property taxes in Maplewood are administered at the municipal and county levels within Essex County, known for high effective tax rates relative to the national average.
Maplewood offers direct NJ Transit rail access to New York Penn Station, making it a highly desirable location for Manhattan commuters.
The area features extensive green space, including the South Mountain Reservation, and a vibrant downtown district with diverse dining and shopping options.
The rental market is characterized by high demand and low vacancy rates, driven by the area's appeal to young professionals and families seeking suburban amenities near the city.
The local economy is largely driven by its status as a residential suburb for the New York City metropolitan area, with a strong professional services and creative industry workforce.
The area is served by the NJ Transit Morris & Essex Line, providing efficient rail connectivity to Newark and New York City.
Parcels are subject to municipal, county, and South Orange-Maplewood School District taxation.
Data retrieved from data.census.gov ZCTA 07040 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.511.9 mi
- Supercharged Entertainment4.815.5 mi
- DreamWorks Water Park4.311.8 mi
- Nickelodeon Universe Theme Park4.511.7 mi
- Color Factory NYC4.413.9 mi
- American Dream4.511.9 mi
- MetLife Stadium4.511.7 mi
- Madison Square Garden4.714.6 mi
- Yankee Stadium4.719.3 mi
- Barclays Center4.515.8 mi
- American Dream4.511.9 mi
- MetLife Stadium4.511.7 mi
- Statue of Liberty4.712.2 mi
- Liberty State Park4.711.7 mi
- Liberty Science Center4.511.4 mi
- The Metropolitan Museum of Art4.816.4 mi
- Rockefeller Center4.715.4 mi
- Empire State Building4.715 mi
- The Museum of Modern Art4.615.5 mi
- American Museum of Natural History4.615.9 mi
- Liberty State Park4.711.7 mi
- Branch Brook Park4.65.6 mi
- Rahway Train Station Plaza4.38.6 mi
- Eagle Rock Reservation4.85.8 mi
- Snug Harbor Cultural Center & Botanical Garden4.510.7 mi
- Elizabeth Marina4.67.3 mi
- Galloping Hill Golf Course4.43.2 mi
- Baltusrol Golf Club4.73.5 mi
- Rock Spring Golf Club4.22.6 mi
- Skyway Golf Course4.59.4 mi
- Liberty National Golf Club4.510.6 mi
- American Dream4.511.9 mi
- The Mills at Jersey Gardens4.57.2 mi
- The Mall at Short Hills4.54.9 mi
- Willowbrook4.410.9 mi
- Newport Centre4.412.3 mi
- Newark Liberty International Airport3.75.7 mi
- LaGuardia Airport4.121 mi
- Teterboro Airport4.414 mi
- North Shore University Hospital Heliport4.630 mi
- Chico Express3.915.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A massive nature reserve offering hiking trails, dog parks, and scenic views.
The historic downtown core featuring local boutiques, cafes, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.