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City · 21,412 residents · Bergen County, New Jersey

Elmwood Park , New Jersey

In Elmwood Park, a typical home is worth $483,700 and typical rent is $2,074 a month. Compared with all of Bergen County, the typical home value is 22% lower, typical household income is 19% lower, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $483,700

    22% below the county

    6% above New Jersey

    • Elmwood Park
    • Bergen
    • New Jersey

  • Typical rent

    $2,074a month

    8% above the county

    21% above New Jersey

    • Elmwood Park
    • Bergen
    • New Jersey

  • Typical household income

    $101,740a year

    19% below the county

    About the same as New Jersey

    • Elmwood Park
    • Bergen
    • New Jersey

  • Households that own their home

    57%

    8 points below the county

    6 points below New Jersey

    • Elmwood Park
    • Bergen
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$632,785
4.2% more than 12 months ago
Typical rent
$2,481 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Elmwood Park is in Bergen County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Bergen County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elmwood Park apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Paterson, the typical home value is $360,100: 26% less than in Elmwood Park ($483,700).

  2. Nearby, in Paterson, the typical rent is $1,548: 25% less than in Elmwood Park ($2,074).

  3. The typical home in Elmwood Park is worth $483,700, 22% less than in Bergen County as a whole ($623,000).

  4. The typical household income in Elmwood Park is $101,740, 19% less than in Bergen County as a whole ($124,884).

  5. 57% of households in Elmwood Park own their home, against 65% in Bergen County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Elmwood Park

What homes there are in Elmwood Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Elmwood Park there is a bit of everything: no kind of home reaches half. The most common are detached houses (45%); in Bergen County, 53%.

Year built

By age, homes in Elmwood Park look like those in Bergen County: the typical year built is 1958.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,088 a month

Bergen County: $3,547 a month

Without a mortgage

$1,165 a month

Bergen County: $1,498 a month

Owners with a mortgage

59%

Bergen County: 62%

The typical cost for an owner with a mortgage in Elmwood Park is $3,088 a month, less than in Bergen County ($3,547); without one, $1,165.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Elmwood Park rose 33% since 2015–2019, about the same as in Bergen County (33%).

The typical rent in Elmwood Park rose 25% since 2015–2019, about the same as in Bergen County (27%).

The typical household income in Elmwood Park rose 32% over that time; home values changed +33% and rent +25%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElmwood ParkBergen CountyNew JerseyUnited States
Rental vacancy Unreliable estimate3.0%3.5%5.5%
Homeowner vacancy Unreliable estimate0.6%0.7%0.9%
More than one person per room 7.5%3.7%4.0%3.4%
People per household 2.862.682.622.53
Drive alone 68%59%62%69%
Carpool 10%7%8%9%
Public transit 7%10%8%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 9%19%17%15%
Other means Unreliable estimate2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 7.5% of households in Elmwood Park live, more than in Bergen County (3.7%).

More people live in each home here: 2.86 on average, against 2.68 in Bergen County.

The car rules in Elmwood Park: 68% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elmwood Park?

A typical home costs more than the typical income allows

We start with a typical home in Elmwood Park, worth $483,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Elmwood Park, which is $101,740 a year. For that payment to be 28% of income, a household would need to earn about $191,109 a year.

The calculator's FHA and conventional loan limits are those of all of Bergen County.

Your numbers

Local data
$

Starts at the typical home value in Elmwood Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,930 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,459

at 7.18% · 30 years

Loan amount
$474,938
Total interest
$683,325
Paid off in
November 2056

Includes $8,168 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,374 a month

  • Tight

    $2,374 to $3,052 a month

  • Hard

    more than $3,052 a month

    Your payment · 53%

Compared with the typical household income in Elmwood Park ($101,740 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,459
Principal & interest$3,217
Property tax$826
Home insurance$202
FHA mortgage insurance (MIP)$214

You need at least $16,930 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elmwood Park and Bergen County

Elmwood Park is in Bergen County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elmwood Park's own numbers

Typical home value
$483,700
Typical monthly rent
$2,074
Typical yearly household income
$101,740
Households that own their home
57%
Effective property tax rate
2.05%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bergen County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,282
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bergen County.

Everything about Bergen County

Buying

Buying a home in Elmwood Park

A typical home in Elmwood Park is worth $483,700: 22% below the county and 6% above New Jersey. With the typical household income in Elmwood Park ($101,740 a year), a typical home costs 4.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elmwood Park 4.8 years
  • Bergen 5.0 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Bergen County

According to FHFA’s house price index, home prices in Bergen County rose 74% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Bergen County.

Period County New Jersey U.S.
Last year (2025) +6.8% +6.2% +2.9%
5 years (2020–2025) +52% +63% +47%
10 years (2015–2025) +74% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elmwood Park next to Bergen County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elmwood Park $483,700
  • Bergen $623,000
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Elmwood Park $2,074
  • Bergen $1,914
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Elmwood Park $101,740
  • Bergen $124,884
  • New Jersey $103,556
  • United States $80,734
See the full table
Elmwood Park next to Bergen County and New Jersey
Measure Elmwood Park Bergen County New Jersey U.S.
Typical home value $483,700 $623,000 $454,400 $332,700
Typical monthly rent $2,074 $1,914 $1,720 $1,413
Typical yearly household income $101,740 $124,884 $103,556 $80,734
Households that own their home 57% 65% 64% 65%
Typical yearly property tax $9,924 $10,001 $9,590 $3,119
Effective property tax rate 2.05% 1.61% 2.11% 0.94%
Renters with high rent for their income 50% 51% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bergen County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elmwood Park

For a typical $483,700 home in Elmwood Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elmwood Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,459a month

    Least cash to close
    Down payment
    $16,930
    Cash to close
    $31,441
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $214

  • Conventional, 5% down $4,371a month

    Down payment
    $24,185
    Cash to close
    $38,696
    Rate
    7.18%
    Mortgage insurance
    PMI · $230

  • Conventional, 20% down, no PMI $3,649a month

    Down payment
    $96,740
    Cash to close
    $111,251
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,096a month

    Down payment
    $72,555
    Cash to close
    $87,066
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elmwood Park and for Bergen County.

Property tax

Effective rate in Elmwood Park

2.05%of the home’s value each year

$9,924 a year for the typical owner in Elmwood Park.

  • Elmwood Park 2.05%
  • Bergen 1.61%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Bergen County

FEMA does not publish these numbers by city: they are for all of Bergen County.

Homes in the high-risk zone
4%
10,177
Of those, with NFIP insurance
41%
County New Jersey U.S.
Homes in the high-risk zone 4% 6.7% 3.5%
Of those, with NFIP insurance 41% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elmwood Park

Typical rent in Elmwood Park is $2,074 a month: 8% above the county. In Elmwood Park, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Bergen County, by unit size. To pay the 2-bedroom one ($2,282 a month) without spending more than 30% of your income, you would need to earn $43.88 an hour working full time.

HUD fair market rent for all of Bergen County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,772 $34.08 $70,880
1 bedroom $1,987 $38.21 $79,480
2 bedrooms $2,282 $43.88 $91,280
3 bedrooms $2,771 $53.29 $110,840
4 bedrooms $3,497 $67.25 $139,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elmwood Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elmwood Park is in ZIP code 07407.

For 2 bedrooms it is $2,640: $358 more than the fair market rent for Bergen County ($2,282).

  • 07407 $2,640$3,210

A ZIP code counts for Elmwood Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Elmwood Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Bergen County; none says it serves in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Elmwood Park

No down payment, repair or rent-help program on our list is for Elmwood Park or Bergen County. The ones below are statewide in New Jersey: they work in Elmwood Park the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Elmwood Park

The HUD-approved agencies closest to the center of Elmwood Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Paterson Task Force for Community Action, Inc

    191 Market St, Paterson · 3 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    973-279-2333-135

  • Housing Authority of the City of Paterson

    60 Van Houten St, Paterson · 3 miles away

    • Budget and financial counseling
    • Pre-purchase counseling
    • and 1 more
    (973) 345-5085

  • Fair Housing Council of Northern New Jersey

    131 Main St Ste 140, Hackensack · 4 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 2 more
    (201) 489-3552

Every agency in Bergen County All counseling agencies in New Jersey

Help in Spanish near Elmwood Park

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elmwood Park

HUD’s record names them for Elmwood Park or Bergen County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Bergen County Section 8 vouchers (201) 336-7600

6 other authorities have an office in Bergen County: see the list Source: HUD

Cities

Other cities in Bergen County

These cities are also in Bergen County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Bergen County Housing in New Jersey
See 38 more cities in Bergen County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Elmwood Park, with the typical home value.

Neighboring counties

If Bergen County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elmwood Park.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Elmwood Park

Short answers with the numbers for Elmwood Park and all of Bergen County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elmwood Park?

The typical home value in Elmwood Park is $483,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bergen County it is $623,000.

How much does it cost to rent in Elmwood Park?

Typical rent in Elmwood Park is $2,074 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bergen County is $2,282.

What is the FHA loan limit in Elmwood Park?

Elmwood Park uses the FHA limit for all of Bergen County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Elmwood Park?

The typical homeowner in Elmwood Park pays $9,924 a year, according to the U.S. Census Bureau. That is 2.05% of the home’s value; in Bergen County, the rate is 1.61%.

Where can I find free help to buy or rent in Elmwood Park?

There are 2 HUD-approved counseling agencies with an office in Bergen County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).