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Cedar Knolls

Learn about the people, housing, costs and businesses in Cedar Knolls, New Jersey

Median Home$651,000
Median Rent$2,864/month
Population4,130
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education25% healthcare
Home Value Growth⬆⬆+15.1% over 2 years
Retirees23% of residentsslightly above average
Homeowners66% of occupied units
NotableHigh Incomes$166k/year · top 3% nationally
NotableHighly Educated31% bachelor's · 20% graduate · top 7% nationally
Cedar Knolls
NJ

Frequently Asked Questions

What are today's mortgage rates in Cedar Knolls?

As of today, the 30-year fixed mortgage rate for Cedar Knolls is approximately 6.820% (6.853% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cedar Knolls?

The median home value in Cedar Knolls is $651k. The median monthly rent is $2,864. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cedar Knolls?

Home values in Cedar Knolls have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cedar Knolls?

Based on a typical all-in ownership cost of $2,664/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cedar Knolls is $166k/year.

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What industries drive the economy in Cedar Knolls?

The largest employment sectors in Cedar Knolls are healthcare (25%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.