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River Vale Township

Learn about the people, housing, costs and businesses in River Vale Township, New Jersey

Median Home$779,850
Median Rent$2,366/month
Population10,058
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆⬆+21.9% over 2 years
Retirees23% of residentsabove average nationally
Homeowners90% of occupied units
NotableHigh Incomes$214k/year · top 2% nationally
NotableHighly Educated27% bachelor's · 15% graduate · top 10% nationally
River Vale Township
NJ

Explore River Vale Township

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

Frequently Asked Questions

What are today's mortgage rates in River Vale Township?

As of today, the 30-year fixed mortgage rate for River Vale Township is approximately 6.792% (6.824% 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 River Vale Township?

The median home value in River Vale Township is $780k. The median monthly rent is $2,366. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in River Vale Township?

Home values in River Vale Township have increased 21.9% 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 River Vale Township?

Based on a typical all-in ownership cost of $3,274/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $140k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in River Vale Township is $214k/year.

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What industries drive the economy in River Vale Township?

The largest employment sectors in River Vale Township are public administration (27%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.