The story of this market
The typical home in ZIP 07465 sells for about $589,000, or $260 per square foot.
Prices are down 5.2% from a year ago, which gives buyers more room to negotiate. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,990 a month.
ZIP 07465 — Wanaque
The Wanaque housing market remains stable with steady demand for single-family homes, supported by a low inventory environment. While year-over-year prices show slight fluctuations, the area continues to attract family buyers and active adults, keeping the market resilient despite broader regional economic pressures.
This ZIP is ideal for families seeking suburban space and outdoor access, as well as active adults looking for specialized community living, while commuters may find the drive times to major hubs manageable.
Median prices moved down 5.2% year over year.
Homes spend a median of 28 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 3.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 07465, Passaic County NJ
Wanaque maintains a relatively low crime rate compared to the broader Paterson metropolitan area, with property crime being the primary concern. Local law enforcement reports stable trends in public safety.
Schools serving the area are generally well-regarded, with the Lakeland Regional High School district providing a central educational anchor for the community.
The area faces moderate risks related to localized flooding near the Wanaque Reservoir and surrounding waterways, with standard wildfire risk management protocols in place for the wooded terrain.
Economic momentum is driven by proximity to major northern New Jersey employment hubs and the ongoing development of residential communities like Wanaque Reserve.
Property taxes are assessed at the municipal, county, and school district levels, with the borough of Wanaque utilizing a standard ad valorem system; no special MUD/PID districts are prevalent.
Commuters primarily rely on NJ Route 287 and local arterial roads to access employment centers in Wayne, Parsippany, and New York City, with limited direct public transit options.
The area offers extensive outdoor amenities including the Wanaque Reservoir, Ringwood State Park, and numerous hiking trails, alongside local shopping centers along Ringwood Avenue.
The rental market is characterized by low vacancy rates and steady demand, with a mix of single-family rentals and active-adult community units.
The local economy is supported by a mix of retail, local government, and service-sector employment, with many residents commuting to larger corporate hubs in Passaic and Morris counties.
Transportation is heavily reliant on private vehicles, with NJ Route 287 serving as the primary corridor for regional connectivity.
Development is largely constrained by geography and existing zoning, with current planning focused on residential maintenance and small-scale commercial improvements.
The Passaic County Board of Taxation oversees assessments, with properties typically reassessed periodically to maintain market value alignment.
Parcels are subject to municipal, county, and school district taxes, with no significant special utility or hospital districts noted.
Property insurance premiums are influenced by regional wildfire and flood risk factors, with standard coverage widely available.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property condition disclosure statement covering known defects.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Mountain Creek Water Park414.2 mi
- The Funplex4.317.8 mi
- Urban Air Trampoline and Adventure Park4.418.2 mi
- Dave & Buster's Wayne4.111.9 mi
- K1 Speed West Nyack4.617.7 mi
- Crystal Springs Resort415 mi
- The Funplex4.317.8 mi
- New York Renaissance Faire4.313.5 mi
- The Wellmont Theater4.317.6 mi
- Dave & Buster's Wayne4.111.9 mi
- Paterson Great Falls National Historical Park4.511.7 mi
- Campgaw Mountain Ski Area4.25.2 mi
- Dave & Buster's Wayne4.111.9 mi
- Cinemark Willowbrook Mall XD and ScreenX4.612 mi
- Garret Mountain Reservation4.712.6 mi
- Paterson Great Falls National Historical Park4.511.7 mi
- Sterling Hill Mining Museum4.716.2 mi
- Thomas Edison National Historical Park4.719.3 mi
- Imagine That!!!4.419 mi
- Montclair Art Museum4.417.1 mi
- Paterson Great Falls National Historical Park4.511.7 mi
- Garret Mountain Reservation4.712.6 mi
- Darlington County Park4.36.2 mi
- New Jersey Botanical Garden4.65.4 mi
- Reeves Meadow Visitor Center4.610.2 mi
- Berkshire Valley Golf Course4.411.6 mi
- Sunset Valley Golf Course4.16.9 mi
- Darlington Golf Course4.16 mi
- Preakness Valley Golf Course4.210.3 mi
- Bowling Green Golf Club4.212.5 mi
- Willowbrook4.412 mi
- Demarest Farms3.912.2 mi
- Marshalls4.311.8 mi
- Abma's Farm Market, Greenhouse, and Barnyard Petting Zoo: Wyckoff, NJ4.46.4 mi
- Macy's4.411.9 mi
- Newark Liberty International Airport3.726.4 mi
- LaGuardia Airport4.129.4 mi
- Westchester County Airport430.5 mi
- Teterboro Airport4.418.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional water source offering scenic views and protected natural areas.
Large state park nearby offering hiking, historical sites, and outdoor recreation.
A prominent 55+ active adult community with clubhouse amenities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.