Crestwood Village, NJ
Population 7,951 · New Jersey
About Crestwood Village, NJ
Crestwood Village is a small town located in New Jersey with a population of 7,951 residents according to the latest US Census Bureau American Community Survey data. The median household income is $38,396 per year, which is 49% below the national median of $75,149. The median age of 71.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Crestwood Village features a median home value of $95,700, which is 61% below the national median of $244,900. This makes Crestwood Village one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,236, 6% above the national average of $1,163/month. Of the 6,712 total housing units, 90% are owner-occupied (5,136 units) and 10% are renter-occupied (581 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Crestwood Village shows an unemployment rate of 11.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Crestwood Village have an average one-way commute time of 32.5 minutes.
Education & Demographics
18.5% of Crestwood Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.4% White, 0.1% Hispanic or Latino, 2.6% Black or African American, and 0.7% Asian residents, with 9.2% of the population being foreign-born.
How Crestwood Village Ranks in New Jersey
Cost of Living in Crestwood Village, NJ
Compared to national averages, Crestwood Village has a median household income of $38,396 (49% below the national median of $75,149). Home values average $95,700, which is 61% below the national median. Monthly rent at $1,236 is 6% above the US average of $1,163. Within New Jersey, Crestwood Village's income is 67% below the state average of $115,667, and home values are 80% below the state median of $469,644.
Why Live in Crestwood Village, NJ?
Crestwood Village offers affordable housing with a median home value of $95,700, below the US average of $244,900, and a low poverty rate of 11.9%, better than the national average.
Potential considerations include median household income ($38,396) that falls below the national average. However, Crestwood Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Crestwood Village has a population of 7,951 with a median age of 71.5 years. Compare Crestwood Village with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Crestwood Village
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carneys Point | 7,945 | $75,436 | $180,600 | Compare |
| Watsessing | 7,944 | $94,301 | $418,500 | Compare |
| Basking Ridge | 7,882 | $200,378 | $841,700 | Compare |
| Bernardsville | 7,871 | $231,006 | $737,600 | Compare |
| Fort Dix | 8,034 | $98,259 | $0 | Compare |
| Atco | 8,037 | $101,976 | $262,200 | Compare |
| Butler | 8,072 | $110,375 | $425,900 | Compare |
| Glen Ridge | 7,827 | $248,016 | $730,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Crestwood Village With Other Cities
Frequently Asked Questions about Crestwood Village
What is the population of Crestwood Village, NJ?
The population of Crestwood Village, NJ is 7,951 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Crestwood Village?
The median household income in Crestwood Village, NJ is $38,396 per year, which is 49% below the national median of $75,149.
What is the median home value in Crestwood Village?
The median home value in Crestwood Village, NJ is $95,700, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Crestwood Village?
The median monthly rent in Crestwood Village, NJ is $1,236, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Crestwood Village?
The unemployment rate in Crestwood Village, NJ is 11.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Crestwood Village, NJ a good place to live?
Crestwood Village offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,951 and a median age of 71.5, the city appeals to established professionals and retirees.
How educated is Crestwood Village, NJ?
18.5% of residents in Crestwood Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Crestwood Village?
Key cost-of-living indicators for Crestwood Village, NJ: median home value is $95,700 (61% below national), median rent is $1,236/month, and median household income is $38,396. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Crestwood Village?
The poverty rate in Crestwood Village, NJ is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Crestwood Village, NJ?
Crestwood Village's population is 0.4% White, 0.1% Hispanic or Latino, 2.6% Black or African American, 0.7% Asian, and 1.7% two or more races. 9.2% of residents are foreign-born.