Market Snapshot
- Median listing price
- $899K
- Median rent
- $4,950/mo
- Days on market
- 358 days
- Gross rental yield
- 6.61%
The median listing price in Harrington Park, NJ ZIP 07640 is $899,000 as of June 2026.
The median market rent in Harrington Park, NJ ZIP 07640 is $4,950/month as of June 2026.
The median days on market in Harrington Park, NJ ZIP 07640 is 358 days as of June 2026. The market is currently hot.
At a median list price of $899,000 and a median rent of $4,950/month, the gross rental yield in Harrington Park, NJ ZIP 07640 is 6.61% as of June 2026.
Harrington Park, NJ 07640 Real Estate Market Report
ZIP Code: 07640
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
- The neighborhood's primary market signal is the median sold price of 969,000, which, together with a hot market temperature and an overall price year-over-year trend of up, indicates continuing strong pricing power for recent transactions.
- The median price per square foot is 388, supporting the above valuation levels and suggesting premium per-unit pricing in the sample; this level appears consistent with a representative recent sale profile rather than a broad discounting environment.
- Liquidity shows friction: the median days on market is 358, which may indicate slower sales velocity and lengthened time-to-contract even as prices remain elevated, so sellers should expect longer marketing periods before achieving contract.
- Rental and financing context is mixed: the median market rent is 4,950 while the rent year-over-year trend is flat and interest rate pressure is characterized as moderate; investors should weigh stable rent expectations against financing headwinds when underwriting deals.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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