Why Live in Rutherford
Rutherford, overlooking the Hackensack River with views of Manhattan, offers a suburban retreat with convenient connections to the city. The neighborhood's downtown area is vibrant, featuring a variety of shops, restaurants, and nightlife options, making it a popular spot for commuters from Hoboken, Jersey City, and Manhattan. The area is known for its colonial-style homes, including Tudor, Dutch, and Craftsman variations, many dating back to the 1920s. Schools in Rutherford are highly rated, with Lincoln Elementary, Union School, and Rutherford High all receiving commendable ratings. Lincoln Park provides a relaxing green space, while the nearby Meadowlands Sports Complex offers a racetrack, MetLife Stadium, and the American Dream retail center. Dining options on Park Avenue range from high-end restaurants like Matisse 167 to casual spots like Bagel Supreme, with a diverse array of cuisines including Greek, Japanese, Chinese, Mexican, and Persian. For groceries, residents often visit nearby Wallington, which hosts several large grocery stores. Rutherford's transportation amenities include its own rail and bus services to New York City, as well as access to major highways like Route 3, Route 46, the Garden State Parkway, and Route 21, making it a convenient location for commuters. The neighborhood is safer than the national average, contributing to its appeal as a residential area.
Frequently Asked Questions
What is the average home price in Rutherford, NJ?
Homes for sale in Rutherford, NJ have an average home price of $743,442.
How many homes have sold over the last 12 months in Rutherford, NJ?
149 homes have sold in Rutherford, NJ over the last 12 months.
What are the most popular zip codes in Rutherford, NJ?
How much do you need to make to afford a house in Rutherford?
The median home price in Rutherford is $733,000. If you put a 20% down payment of $146,600 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $163K a year to afford the median home price in Rutherford.
How are the schools in Rutherford, NJ?
Home Trends in Rutherford, NJ
On average, homes in Rutherford, NJ sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Rutherford, NJ over the last 12 months is $745,000, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$745,000
Median Single Family Sale Price
$760,000
Median 2 Bedroom Sale Price
$343,500
Median 1 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$451
Number of Homes for Sale
23
Last 12 months Home Sales
149
Median List Price
$733,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
22%