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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Ridgefield Park, NJ Housing Affordability Index

Ridgefield Park, New Jersey has an MBR Housing Affordability Index score of 77.0 (Moderately Less Affordable) as of October 30, 2026, ranking 367th most affordable of 455 scored New Jersey cities, compared with 83.4 statewide and 97.4 nationally. On a median-priced $496,700 home with 20% down, the New Jersey average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $2,715, or 32% of the city’s $100,718 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Ridgefield Park is updated every night from live New Jersey mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Ridgefield Park MBR-HAI 77.0 Moderately Less Affordable
Rank in New Jersey 367 of 455 1 = most affordable
New Jersey 83.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New Jersey lenders
Median home value $496,700 U.S. Census Bureau

Ridgefield Park is 6.4 points below the New Jersey score. Scores as of October 30, 2026. See the New Jersey index

View Ridgefield Park Mortgage Rates

See What You Can Afford in Ridgefield Park, New Jersey

Use this Ridgefield Park, New Jersey home affordability calculator to see how much house you can afford at today’s New Jersey average 30-year mortgage rate of 7.27%. A household earning the Ridgefield Park median income of $100,718, with no other debts and $99,000 down, can afford a home of about $340,723, compared with a median home value of $496,700. Buying the median priced home with 20% down takes a household income of about $160,000 once property tax and insurance are counted.

Ridgefield Park median (Census)
Car, student loan, card minimums
Under 20% adds PMI
New Jersey average, 30-year fixed
Ridgefield Park median bill (Census)
Estimate; use your quote
You can afford a home up to
$340,723
Below the Ridgefield Park median home value of $496,700
Loan amount$241,723
Principal & interest$1,652/mo
Property tax$557/mo
Home insurance$142/mo
PMI$0/mo
Total monthly payment$2,350/mo
Compare Ridgefield Park Mortgage Rates

How much house can you afford in Ridgefield Park?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Ridgefield Park, property taxes run about 1.96% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $4,552 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Ridgefield Park

$2,715/mo
Principal & Interest
Median home, 20% down, 7.27%
$116,400
Income Needed
To keep principal and interest at 28% of income
$100,718
Median Household Income
New Jersey: $103,556
4.9x
Price-to-Income Ratio
New Jersey: 4.4x
$2,559/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$9,741/yr
Median Property Tax
New Jersey figure
37.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
45.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Ridgefield Park, New Jersey. The rate is the New Jersey average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Ridgefield Park Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Ridgefield Park, New Jersey score: 77.0 (Moderately Less Affordable), ranked 367 of 455 New Jersey cities. monitorbankrates.com/housing-affordability-index/new-jersey/ridgefield-park”