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Essex County, NJ

RANK #755 / 1001 NAT  ·  #15 / 21 NJ  ·  POP 863,002

1YR FORECAST: +1.1%

5YR OUTLOOK: +24%

Our model projects Essex County's housing market at +1.1% over the next year, underperforming most U.S. counties.

[01] Why Essex County?

Branch Brook Park in Newark, home to the largest collection of cherry blossom trees in the United States, offers a distinctive landmark within Essex County. Located in northeastern New Jersey, the county is part of the New York metropolitan area. Many towns, such as Montclair, Maplewood, and South Orange, offer direct train service to Manhattan, with commutes ranging from 30 to 45 minutes. The county features a mix of urban centers and affluent suburbs, with diverse communities and a significant park system, including the South Mountain Reservation.

Life in Essex County offers varied experiences, from the urban energy of Newark to the suburban comfort of towns like Bloomfield and West Orange. The county's public schools are generally above average, with 90% of K-12 students attending them. The economy is diverse, with growth in sectors like financial activities, healthcare, and professional and business services. Major employers include institutions in financial services, logistics, and technology.

MARKET PROFILE

Educated Suburban Growth

Essex County is one of 110 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +3.8% runs above the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
14.1x

Overvalued relative to economy

Home Prices
+3.8%

Outpacing national median

Climate & Terrain
-0.0

Below-average climate & terrain

Price/Rent
19x

Above national median (15x)

Housing looks overvalued at 14.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Prudential Financial Finance
    25,000+
  2. 2
    United Airlines Logistics
  3. 3
    NJ TRANSIT Government
  4. 4
    ADP Technology
  5. 5
    Horizon Blue Cross Blue Shield of New Jersey Healthcare
  6. 6
    Public Service Enterprise Group (PSEG) Energy
  7. 7
    Newark Liberty International Airport Logistics
  8. 8
    University Hospital Healthcare
  9. 9
    Rutgers University–Newark Education
  10. 10
    Panasonic Corporation of North America Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Essex County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
863,002
+1.04% YoY
Median Household Income
$80,789
Median Home Value
$524,100
+3.81% 12mo
Median Rent
$1,531
Average Annual Pay
$91,180
+3.2% YoY
Employment
352,746
+1.1% YoY
Income-to-Home-Value
0.1541
Less affordable than average
Migration Inflow
2.47%
of pop. from another state
Bachelor's Degree+
39.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$725,000
Days on Market
30
Active market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
108.8%
Homes selling above asking
Sold Above List
72.7%
Listings w/ Price Drops
12.2%
Building Permits (2025)
3,657
Single-Family Permits
317

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.0
per 100K · nat avg 6.3
Firearm Fatalities
9.4
per 100K · nat avg 14.8
Injury Deaths
75.5
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
45.0
Good
Good Air Days
62%
391 of 634 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
46
2022
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2022). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,275M
TOTAL
PROJECT AMOUNT STATUS
Newark Energy Center
Brookfield Asset Management (operated by Hartree Partners LP)
$700M Operating
NJ Hospital Site Redevelopment
Unknown
$350M Under Construction
Lionsgate Newark Studio
Lionsgate/Great Point Studios
$125M Under Construction
Essex County Solar Portfolio (multiple projects)
Various (e.g., Dimension Energy LLC)
$50M Operating/Under Construction
DataBank - Downtown Newark
DataBank
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +1.0% 67 percentile
Income Growth +5.3% 92 percentile
Vacancy Rate 0.9% 59 percentile
Home Price Change +3.8% 75 percentile
Rent Growth +1.7% 30 percentile
Price/Rent 19x 19 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Essex County, NJ a good place to move to?

At 24/100, Essex County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $80,789 combined with job growth of +1.1% suggests the local economy is struggling to keep pace with national trends.

Is Essex County affordable?

Essex County leans toward the expensive side. A median home value of $524,100 against an income-to-home-value ratio of 0.15 means housing eats a bigger share of local earnings than the national norm. Renters face $1,531/month on average.

Is Essex County growing or shrinking?

Essex County is growing on multiple fronts. Population is up +1.0% year-over-year while employers added jobs at a +1.1% clip — and home values reflect that momentum, rising +3.8% over the past 12 months.

Are people moving to Essex County?

There's a moderate stream of newcomers. About 2.47% of residents moved from another state, which is above average and suggests Essex County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Middlesex County, NJ 21 Morris County, NJ 21 Hunterdon County, NJ 19 Hudson County, NJ 30 Burlington County, NJ 18 Union County, NJ 17 Hidalgo County, TX 24 Essex County, MA 25