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Advertise here →Ledgewood, NJ · Market Data
Ledgewood, New Jersey real estate market data.
Real estate market data for Ledgewood, NJ (Morris County) — Census median home value $454,100, county listing prices up about 2.5% over the past year.
Ledgewood, NJ is in Morris County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,150, with a median household income of $125,000. Census data puts Ledgewood's median home value at $454,100 (all owner-occupied homes); Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
At a glance
Ledgewood market snapshot
Population
5,150
Median Household Income
$125,000
Median Home Value (city)
$454,100
Median Listing Price (Morris County)
$742,000
Median Gross Rent
$1,570/mo
Price Trend (YoY)
+2.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Ledgewood different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Ledgewood's median home value — across all owner-occupied homes, not just recent sales — at $454,100. Separately, Morris County's current median listing price (via Realtor.com data, 2026-06-01) runs $742,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Population & Income
Ledgewood has an estimated population of 5,150 and a median household income of $125,000, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Ledgewood's Census-reported median home value works out to about 3.6x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Ledgewood FAQ
What are home values like in Ledgewood, NJ?
The Census Bureau's American Community Survey puts Ledgewood's median home value at $454,100. Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
What is the population of Ledgewood, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Ledgewood's population at approximately 5,150.
What's the median rent in Ledgewood, NJ?
The Census ACS estimates median gross rent in Ledgewood at approximately $1,570 per month.
What is the median household income in Ledgewood, NJ?
Census ACS data puts the median household income in Ledgewood at approximately $125,000.
Is the Ledgewood housing market growing?
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Is Ledgewood, NJ affordable relative to income?
Census ACS data puts Ledgewood's median home value at about 3.6 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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