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Wood-Ridge

Learn about the people, housing, costs and businesses in Wood-Ridge, New Jersey

Median Home$557,755
Median Rent$2,086/month
Population10,360
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆⬆+27.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners67% of occupied units
NotableTransit93/100 · excellent transit access
NotableHigh Incomes$136k/year · top 5% nationally
Wood-Ridge
NJ

Frequently Asked Questions

What are today's mortgage rates in Wood-Ridge?

As of today, the 30-year fixed mortgage rate for Wood-Ridge is approximately 6.818% (6.851% 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 Wood-Ridge?

The median home value in Wood-Ridge is $558k. The median monthly rent is $2,086. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wood-Ridge?

Home values in Wood-Ridge have increased 27.3% 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 Wood-Ridge?

Based on a typical all-in ownership cost of $2,185/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $94k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wood-Ridge is $136k/year.

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What industries drive the economy in Wood-Ridge?

The largest employment sectors in Wood-Ridge are public administration (24%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.