Wayne, New Jersey.
Typical home $746,747 (+7.1% in a year), asking rent $2,877 (+2.3%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$2,210 (+129%) since Jan 2020.
- 1 year
- Up $49,305 +7%
- $697,442$746,747 since Sep 2025
- 5 years
- Up $202,406 +37%
- $544,342$746,747 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Wayne$3,919
- New Jersey$3,019
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Wayne, NJ rose 7.1% over the past year — faster than the nation's +1.2%.
Asking rents in Wayne, NJ rose 2.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Wayne runs $3,196/mo more than renting one — the widest that gap has been in this data.
That is $6,073 a month against $2,877 rent: a $3,919 mortgage payment, plus $1,354 property tax and $799 insurance & upkeep.
Owning vs renting — Wayne
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$6,073
- Renting$2,877
- Mortgage only$3,919
Property tax · $1,354/mo 2.18% of value a year — the ACS 2020-2024 median bill over the median home value for Passaic County, NJ
Insurance & upkeep · $799/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Wayne, Passaic County, New Jersey
Wayne is a township of 54,838 people in Passaic County. Half its households earn more than $153,056 a year and half less, against $87,522 across Passaic County; 3% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Passaic County was 5.5% in August 2026, and the county had 2.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Wayne is a township in Passaic County, and most of its homes are lived in by their owners. Incomes run well above the county's, and very few residents live below the poverty line. A large share of adults hold a four-year degree, and the population is somewhat older than younger. Winters are cold, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, banks, insurance and property, and shops. Within Wayne itself, the largest workplaces include the Wayne Township Public School District, the Passaic County Technical-Vocational School District and Costco Wholesale. Commutes are fairly long, and a good number of people work from home. Across Passaic County, unemployment is lower than a year earlier, and the county has added jobs over the past year.
Things to do. The best-known places nearby are all a longer drive away. They include the Statue of Liberty, a tourist attraction, and the Metropolitan Museum of Art, a museum. Central Park, a garden, is also a longer drive away.
Report a mistake
- 18,341households
- 57%of adults have a degree
- 3%below the poverty line
- 29 mintypical commute
- 21%work from home
What residents work in
Employed residents by industry, from the Census survey. Passaic County had 174,268 jobs in 2025, 2.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 39° and lows near 22°; warmest in July, with highs near 86° and lows near 65°.
Average daily high and low, 1991–2020, at the Little Falls weather station, 4 miles away (NOAA).
Largest workplaces in Wayne
- Wayne Township Public School DistrictSchool district1,420FTE
- Passaic County Technical-Vocational School DistrictSchool district672FTE
- BAE SystemsCb radios manufacturing539
- Costco WholesaleWholesale grocer415
- BP Lubricants USALubricating oils and greases, petroleum, made from refined petroleum403
- Macy'sDepartment stores363
- Reed LanePackaging services265
- FedExCourier and express delivery services202
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 47 workplaces with 20 or more staff, 5,862 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- LightningVery high
- Winter weatherVery high
- Inland floodingRelatively high
- Cold wavesRelatively high
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Passaic County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Passaic County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Wayne home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wayne$746,747
- New Jersey$575,123
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 7 Wayne listings, and the typical home goes pending in 18 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Wayne13.75%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Wayne18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wayne150
New listings per month
Sellers arriving at the market.
- Wayne64
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Wayne$778,138
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Wayne107.26%
Zip codes with a Wayne address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wayne — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.