Garfield 07026

Bergen County, NJ · 5,560 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

22affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
47.2%
severe
Days on market
58
daily
Price cuts
0.0%
of active
Valuation
-53.6%
vs assessor
Look up an address
34
/100
weak
warming · balanced · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

88/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 36.4% correction for affordability
DOM: 81d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)100
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)25
Days on Market (5%)75

Strong buyer leverage in 07026. If you must buy now, offer 10-15% below list price. Payment burden: 47.3% of median income. A 26% price correction needed to reach 30% affordability threshold. Median days on market: 81. Renting is approximately 74% cheaper than buying (price-to-rent ratio: 20.9). Market appears 40% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$589,737
▴ 1.1% YoY
Days on market
58
daily · zip_data
Median rent
$2,351
ZORI
Investor score
50/100
cash-flow lens
Active listings
44
90-day

Valuation3 lenses, different anchors

vs assessor
-53.6%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$273,700
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+61.3%
County-wide market — the widest, slowest signal.
Bergen+61.3%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft—
Price-to-income7.8×

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How 07026 ranks in NJ
percentile vs all NJ ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

21SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply13.7 mo
Days on Market58d
Inv vs History-6.1%
Listing Density--
Market dynamics
Price cut %0.0%
Momentumwarming
LeverageBALANCED
Months of supply13.7
Sales (90d)0
Investment analysis
Median rent$2,351
Price-to-rent20.9
Est. cap rate3.1%
Buy vs rentfavors renting

Livability

Walk score14
Transit score18
Bike score—

Historical trends

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Bergen County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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