The story of this market
The typical home in ZIP 07470 sells for about $748,000, or $345 per square foot.
Prices are up +4.6% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,164 a month.
ZIP 07470 — Wayne
The 07470 housing market remains robust, characterized by high median listing prices and strong demand for suburban single-family homes. While inventory levels have seen a recent increase, the market continues to favor sellers due to limited supply and the area's strong school reputation. Prices have shown steady year-over-year growth, reflecting the sustained appeal of the Wayne community.
This ZIP is ideal for family buyers seeking high-quality schools and suburban amenities, as well as commuters who require access to the New York City metro area. It is less suited for those seeking low-cost housing or high-density urban living.
Median prices moved up 4.6% year over year.
Homes spend a median of 32 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 101.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 3.4% — 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 5.8%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 07470, Passaic County, NJ
Wayne generally experiences lower crime rates compared to the neighboring urban centers in Passaic County, with property crime being the primary concern. Local law enforcement maintains a proactive presence, and the area is considered safer than the regional average for northern New Jersey.
The Wayne Township Public Schools district is highly regarded, with many schools consistently receiving high ratings for academic performance and college readiness. The district serves as a primary draw for families moving into the area.
The area faces moderate flood risks in low-lying sections near the Passaic River and its tributaries, necessitating flood insurance for many properties. Wildfire risk is minimal, though the township's significant wooded areas require standard fire-safety awareness.
Wayne serves as a major commercial hub for Passaic County, anchored by the Willowbrook Mall and significant corporate office parks. Infrastructure development is focused on maintaining transit connectivity to New York City and managing traffic flow along major corridors like Route 23 and Route 46.
Property taxes in Wayne are determined by the municipal, county, and school district tax rates applied to the assessed value of the property. New Jersey's tax structure is among the highest in the nation, with local school budgets accounting for the largest portion of the tax bill.
Residents benefit from proximity to major highways including Routes 23, 46, and I-80, providing direct access to the New York City metropolitan employment core. Public transit options include NJ Transit bus services and nearby train stations in neighboring towns.
The area features extensive recreational amenities, including the High Mountain Park Preserve, numerous local parks, and the major retail destination of Willowbrook Mall. Golfing and outdoor trail access are readily available within the township.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability and proximity to employment hubs. Short-term rentals are strictly regulated by municipal ordinance, limiting their prevalence.
The economy is anchored by retail, healthcare, and corporate services, with significant employment provided by the Willowbrook commercial corridor and nearby corporate campuses. The area benefits from a diverse industry mix and proximity to the broader Northern New Jersey economic engine.
The area is served by a robust network of state highways and NJ Transit bus routes, facilitating regional travel. Commuter access to New York City is a primary focus of local transportation planning.
Development is focused on the revitalization of existing commercial zones and the adaptive reuse of older office properties. The township prioritizes projects that enhance the tax base while maintaining suburban density standards.
The Passaic County Board of Taxation oversees the assessment process, with Wayne Township conducting annual reassessments to ensure property values reflect current market conditions.
Parcels are subject to municipal, county, and school district taxes, with additional assessments for local fire districts and utility services where applicable.
Property insurance premiums are influenced by the area's suburban density and specific flood-zone designations. Homeowners are encouraged to maintain comprehensive coverage due to regional weather patterns.
New Jersey has experienced net domestic out-migration, though suburban areas like Wayne continue to attract families from higher-density urban centers.
New Jersey is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings, which typically results in a longer timeline for the process.
Sellers are required to provide a comprehensive property disclosure statement detailing the condition of the home, including known defects and environmental hazards.
Data retrieved from data.census.gov using ZCTA 07470 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 Dream4.513.3 mi
- DreamWorks Water Park4.313.3 mi
- Nickelodeon Universe Theme Park4.513.3 mi
- Color Factory NYC4.419.7 mi
- The Funplex4.311.1 mi
- American Dream4.513.3 mi
- MetLife Stadium4.512.8 mi
- Madison Square Garden4.718.9 mi
- Yankee Stadium4.718.7 mi
- Javits Center4.618.3 mi
- MetLife Stadium4.512.8 mi
- Westfield Garden State Plaza4.59.4 mi
- Essex County Turtle Back Zoo4.612.1 mi
- Medieval Times Dinner & Tournament4.712 mi
- Paterson Great Falls National Historical Park4.54.2 mi
- The Metropolitan Museum of Art4.818.8 mi
- Rockefeller Center4.719.1 mi
- Empire State Building4.719.3 mi
- The Museum of Modern Art4.619 mi
- American Museum of Natural History4.618.3 mi
- Paterson Great Falls National Historical Park4.54.2 mi
- Branch Brook Park4.612.5 mi
- Van Saun County Park4.710.7 mi
- Garret Mountain Reservation4.74.8 mi
- Eagle Rock Reservation4.89.1 mi
- Rock Spring Golf Club4.211.9 mi
- Sunset Valley Golf Course4.14.1 mi
- Upper Montclair Country Club4.67.6 mi
- Darlington Golf Course4.18.8 mi
- Preakness Valley Golf Course4.21.9 mi
- Westfield Garden State Plaza4.59.4 mi
- Willowbrook4.43.6 mi
- Bergen Town Center4.510.3 mi
- Paramus Park4.39.7 mi
- Newark Liberty International Airport3.717.9 mi
- LaGuardia Airport4.122.8 mi
- Westchester County Airport429.7 mi
- Teterboro Airport4.411.5 mi
- North Shore University Hospital Heliport4.630.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional shopping destination featuring numerous anchor stores and dining options.
A large protected area offering extensive hiking trails and scenic views.
A public university providing cultural and educational resources to the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.