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City · 11,206 residents · Passaic County, New Jersey

Wanaque , New Jersey

In Wanaque, a typical home is worth $400,700 and typical rent is $1,778 a month. Compared with all of Passaic County, typical household income is 29% higher, the typical home value is 13% lower, and the share of households that own their home is 25 points higher.

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  • Typical home value

    $400,700

    13% below the county

    12% below New Jersey

    • Wanaque
    • Passaic
    • New Jersey

  • Typical rent

    $1,778a month

    10% above the county

    3% above New Jersey

    • Wanaque
    • Passaic
    • New Jersey

  • Typical household income

    $113,175a year

    29% above the county

    9% above New Jersey

    • Wanaque
    • Passaic
    • New Jersey

  • Households that own their home

    78%

    25 points above the county

    14 points above New Jersey

    • Wanaque
    • Passaic
    • New Jersey

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

Market now, with Zillow data

Zillow data
Typical home value
$506,822
1% more than 12 months ago

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

Wanaque is in Passaic 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 Passaic County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Wanaque apart

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

  1. 78% of households in Wanaque own their home, against 53% in Passaic County.

  2. The typical household income in Wanaque is $113,175, 29% more than in Passaic County as a whole ($87,522).

  3. Nearby, in Oakland, the typical rent is $1,383: 22% less than in Wanaque ($1,778).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Wanaque rose 1%; in New Jersey, it rose 4%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Wanaque

What homes there are in Wanaque, 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

The detached house rules in Wanaque: 58% of homes, more than in Passaic County (42%).

Year built

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

$2,788 a month

Passaic County: $3,014 a month

Without a mortgage

$1,380 a month

Passaic County: $1,400 a month

Owners with a mortgage

67%

Passaic County: 65%

Owning costs less in Wanaque: with a mortgage, the typical cost is $2,788 a month; in Passaic County, $3,014. Without one, $1,380.

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 Wanaque rose 26% since 2015–2019, less than in Passaic County (34%).

Since 2015–2019, the typical rent in Wanaque did not change clearly, according to the Census.

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

MeasureWanaquePassaic CountyNew JerseyUnited States
Rental vacancy Unreliable estimate2.1%3.5%5.5%
Homeowner vacancy Unreliable estimate0.6%0.7%0.9%
More than one person per room Unreliable estimate7.7%4.0%3.4%
People per household 2.462.862.622.53
Drive alone 78%65%62%69%
Carpool 8%11%8%9%
Public transit Unreliable estimate6%8%3%
Walk or bike Unreliable estimate4%3%3%
Work from home 8%12%17%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Wanaque has 2.46 people, fewer than in Passaic County (2.86).

To get to work, 78% of workers in Wanaque drive alone; in Passaic County, 65%.

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 Wanaque?

A typical home costs more than the typical income allows

We start with a typical home in Wanaque, worth $400,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Wanaque, which is $113,175 a year. For that payment to be 28% of income, a household would need to earn about $164,755 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Wanaque. 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 $14,025 (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

$3,844

at 7.18% · 30 years

Loan amount
$393,442
Total interest
$566,070
Paid off in
November 2056

Includes $6,767 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,641 a month

  • Tight

    $2,641 to $3,395 a month

  • Hard

    more than $3,395 a month

    Your payment · 41%

Compared with the typical household income in Wanaque ($113,175 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,844
Principal & interest$2,665
Property tax$835
Home insurance$167
FHA mortgage insurance (MIP)$177

You need at least $14,025 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

Wanaque and Passaic County

Wanaque is in Passaic 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).

Wanaque's own numbers

Typical home value
$400,700
Typical monthly rent
$1,778
Typical yearly household income
$113,175
Households that own their home
78%
Effective property tax rate
2.5%

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

Numbers for all of Passaic 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)
+58%
Homes in a high flood-risk zone
3.7%

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 Passaic County.

Everything about Passaic County

Buying

Buying a home in Wanaque

A typical home in Wanaque is worth $400,700: 13% below the county and 12% below New Jersey. With the typical household income in Wanaque ($113,175 a year), a typical home costs 3.5 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.

  • Wanaque 3.5 years
  • Passaic 5.3 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Passaic County

According to FHFA’s house price index, home prices in Passaic County rose 87% in the 10 years through 2025.

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

Period County New Jersey U.S.
Last year (2025) +6.8% +6.2% +2.9%
5 years (2020–2025) +58% +63% +47%
10 years (2015–2025) +87% +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

Wanaque next to Passaic 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
  • Wanaque $400,700
  • Passaic $459,500
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Wanaque $1,778
  • Passaic $1,621
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Wanaque $113,175
  • Passaic $87,522
  • New Jersey $103,556
  • United States $80,734
See the full table
Wanaque next to Passaic County and New Jersey
Measure Wanaque Passaic County New Jersey U.S.
Typical home value $400,700 $459,500 $454,400 $332,700
Typical monthly rent $1,778 $1,621 $1,720 $1,413
Typical yearly household income $113,175 $87,522 $103,556 $80,734
Households that own their home 78% 53% 64% 65%
Typical yearly property tax $10,001 $10,001 $9,590 $3,119
Effective property tax rate 2.5% 2.18% 2.11% 0.94%
Renters with high rent for their income 44% 57% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Passaic 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 Wanaque

For a typical $400,700 home in Wanaque, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wanaque's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,844a month

    Least cash to close
    Down payment
    $14,025
    Cash to close
    $26,046
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $177

  • Conventional, 5% down $3,771a month

    Down payment
    $20,035
    Cash to close
    $32,056
    Rate
    7.18%
    Mortgage insurance
    PMI · $190

  • Conventional, 20% down, no PMI $3,173a month

    Down payment
    $80,140
    Cash to close
    $92,161
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,544a month

    Down payment
    $60,105
    Cash to close
    $72,126
    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 Wanaque and for Passaic County.

Property tax

Effective rate in Wanaque

2.5%of the home’s value each year

$10,001 a year for the typical owner in Wanaque.

  • Wanaque 2.5%
  • Passaic 2.18%
  • 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 Passaic County

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

Homes in the high-risk zone
3.7%
3,719
Of those, with NFIP insurance
48%
County New Jersey U.S.
Homes in the high-risk zone 3.7% 6.7% 3.5%
Of those, with NFIP insurance 48% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Wanaque

Typical rent in Wanaque is $1,778 a month: 10% above the county. In Wanaque, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Passaic 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 Passaic 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 Wanaque

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wanaque has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,200 in 07420 to $2,650 in 07465.

1 of the 2 is above the fair market rent for Passaic County ($2,282).

  • 07420 $2,200$2,670
  • 07465 $2,650$3,220

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wanaque 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 Wanaque

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 Passaic County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Wanaque

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

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

Housing counselors near Wanaque

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

  • Housing Authority of the City of Paterson

    60 Van Houten St, Paterson · 10 miles away

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

  • Paterson Task Force for Community Action, Inc

    191 Market St, Paterson · 11 miles away

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

  • Credit.org - New Jersey Branch

    101 Eisenhower Pkwy, Roseland · 15 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (800) 431-8157

Every agency in Passaic County All counseling agencies in New Jersey

Help in Spanish near Wanaque

1 of the 3 agencies on this list says it serves 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 Wanaque

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

  • Passaic County Public Housing Agency Section 8 vouchers (973) 881-4370

3 other authorities have an office in Passaic County: see the list Source: HUD

Cities

Other cities in Passaic County

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

Everything about Passaic County Housing in New Jersey
See 2 more cities in Passaic County, with prices and rents

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

Nearby cities

The cities closest to Wanaque, with the typical home value.

Neighboring counties

If Passaic 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 Wanaque.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Wanaque

Short answers with the numbers for Wanaque and all of Passaic 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 Wanaque?

The typical home value in Wanaque is $400,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Passaic County it is $459,500.

How much does it cost to rent in Wanaque?

Typical rent in Wanaque is $1,778 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Passaic County is $2,282.

What is the FHA loan limit in Wanaque?

Wanaque uses the FHA limit for all of Passaic 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 Wanaque?

The typical homeowner in Wanaque pays $10,001 a year, according to the U.S. Census Bureau. That is 2.5% of the home’s value; in Passaic County, the rate is 2.18%.

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

There are 2 HUD-approved counseling agencies with an office in Passaic 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).