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Wanaque

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

Median Home$403,567
Median Rent$1,843/month
Population11,206
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare6% transportation
Home Value Growth⬆⬆⬆+27.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners78% of occupied units
NotableHigh Incomes$114k/year · top 11% nationally
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Wanaque
NJ

Frequently Asked Questions

What are today's mortgage rates in Wanaque?

As of today, the 30-year fixed mortgage rate for Wanaque is approximately 6.859% (6.894% 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 Wanaque?

The median home value in Wanaque is $404k. The median monthly rent is $1,843. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wanaque?

Home values in Wanaque have increased 27.1% 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 Wanaque?

Based on a typical all-in ownership cost of $2,158/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $92k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wanaque is $114k/year.

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What industries drive the economy in Wanaque?

The largest employment sectors in Wanaque are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.