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Ramapo-Indian Hill Regional

Learn about the people, housing, costs and businesses in Ramapo-Indian Hill Regional, New Jersey

Median Home$877,378
Median Rent$2,381/month
Population40,902
Leading IndustriesManufacturing · Transportation · Public Administration1% manufacturing
Home Value Growth⬆⬆+17.6% over 2 years
Retirees20% of residentsnear the national average
Homeowners92% of occupied units
NotableHigh Incomes$194k/year · top 3% nationally
NotableHighly Educated24% hold a bachelor's degree · top 24% nationally
Ramapo-Indian Hill Regional
NJ

Explore Ramapo-Indian Hill Regional

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Ramapo-Indian Hill Regional?

As of today, the 30-year fixed mortgage rate for Ramapo-Indian Hill Regional is approximately 6.797% (6.830% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Ramapo-Indian Hill Regional
What is the median home price in Ramapo-Indian Hill Regional?

The median home value in Ramapo-Indian Hill Regional is $877k. The median monthly rent is $2,381. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ramapo-Indian Hill Regional?

Home values in Ramapo-Indian Hill Regional have increased 17.6% 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 Ramapo-Indian Hill Regional?

Based on a typical all-in ownership cost of $3,301/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $141k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ramapo-Indian Hill Regional is $194k/year.

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What industries drive the economy in Ramapo-Indian Hill Regional?

The largest employment sectors in Ramapo-Indian Hill Regional are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.