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Peapack and Gladstone

Learn about the people, housing, costs and businesses in Peapack and Gladstone, New Jersey

Median Home$868,800
Median Rent$1,820/month
Population2,571
Leading IndustriesHealthcare · Arts, Food & Hospitality · Public Administration16% healthcare
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners80% of occupied units
NotableTransit97/100 · excellent transit access
NotableHigh Incomes$203k/year · top 1% nationally
Peapack and Gladstone
NJ

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Frequently Asked Questions

What are today's mortgage rates in Peapack and Gladstone?

As of today, the 30-year fixed mortgage rate for Peapack and Gladstone is approximately 6.851% (6.886% 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 Peapack and Gladstone?

The median home value in Peapack and Gladstone is $869k. The median monthly rent is $1,820. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peapack and Gladstone?

Home values in Peapack and Gladstone have increased 14.5% 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 Peapack and Gladstone?

Based on a typical all-in ownership cost of $2,949/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $126k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peapack and Gladstone is $203k/year.

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What industries drive the economy in Peapack and Gladstone?

The largest employment sectors in Peapack and Gladstone are public administration (27%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.