Housing market/New Jersey/ZIP 07920
ZIP 07920 Basking Ridge, New Jersey
Newark, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 07920 · NJ — sent to you.
ZIP 07920 · NJ
ACS rent vs 2BR SAFMR
ZIP 07920 — Basking Ridge, NJ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 07920
- 1-unit detached6,10655.8%
- 1-unit attached2,41422.1%
- 2–4 units8387.7%
- 5–49 units1,18610.8%
- 50+ units3993.6%
2–4 unit share 7.7% · 5–49 unit share 10.8% · combined 2–49 18.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,330 (all bedrooms, occupied rentals).
- Median contract rent $2,135.
- Renters paying ≥30% of income 44.2%; ≥50% 16.2%.
- FY2027 2BR SAFMR $3,390 (1.455× ACS median gross rent).
Population
28,390 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 111 units.
- HUD project-based assisted MF: 3 properties, 306 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 896 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 07920 16.0% of occupied households are renters; vacancy is 2.8%; ACS median gross rent is $2,330; population increased +5.1% between the 2018 and 2023 ACS vintages; the housing stock includes 838 units in 2–4-unit structures and 1,186 units in 5–49-unit structures; 2 LIHTC projects totaling 111 units; FY2027 2BR SAFMR is $3,390 versus ACS median gross rent of $2,330. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New Jersey research
ZIP 07920 is a Census / HUD profile for Newark, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 07920 — Basking Ridge, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 07920?
ZIP 07920 (Newark, NJ HUD Metro FMR Area) has 28,390 residents, 10,632 households, a renter share of 16.0%, median household income of $184,630, and ACS 2023 median gross rent of $2,330. Vacancy is 2.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 07920?
ACS counts 61 units in 2-unit buildings, 777 in 3–4 unit buildings, 621 in 5–9, 486 in 10–19, and 79 in 20–49. Combined 2–49 unit stock is 2,024 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 07920?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,390. See the full schedule and 90–110% payment-standard band on the ZIP 07920 — Basking Ridge, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 07920 is Census / HUD research for Newark, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.