Draft_October 2025_West Orange_HEFSP_with Appendices

Township of West Orange October 2025 Essex County, New Jersey Draft Housing Element and Fair Share Plan ------------------------------------------------------------------------------------------------------------------------------------------------------------- Table 16: Housing Units Demolished by Building Permits, 2015-2024 West Orange Year 1 & 2 Family Multi Family Mixed-Use Total 2015 1 0 0 1 2016 2 0 0 2 2017 1 0 0 1 2018 1 0 0 1 2019 1 0 0 1 2020 4 0 0 4 2021 1 0 0 1 2022 1 0 0 1 2023 1 0 0 1 2024* 1 0 0 1 Total 2014-2024 14 0 0 14 10-Year Average 1.4 10-Year Demolition Projection (2025-2035) 14 Source: State of New Jersey Department of Community Affairs Building Permits: Yearly Summary Data *Note: 2024 Data includes January-November Housing Values and Contract Rents According to the 2023 American Community Survey, over half (54.2%) of the owner-occupied housing stock in West Orange in 2023 was valued at over $500,000; 52.4% of the County’s housing stock is valued at this same range. In addition, the Township’s median home value ($527,900) was similar to that of the County ($522,800). This data is outlined in Table 17 below. Table 17: Value for Owner-Occupied Housing Units, 2023 West Orange and Essex County West Orange Essex County Number Percent Number Percent Total 12,244 100.0% 146,736 100.0% Less than $50,000 167 1.4% 4,894 3.3% $50,000 to $99,999 174 1.4% 1,594 1.1% $100,000 to $149,999 26 0.2% 2,713 1.8% $150,000 to $199,999 149 1.2% 3,123 2.1% $200,000 to $299,999 980 8.0% 10,662 7.3% $300,000 to $499,999 4111 33.6% 46,881 31.9% $500,000 to $999,999 6,042 49.3% 58,768 40.1% $1,00,000 and greater 595 4.9% 18,101 12.3% Median Value $527,900 $522,800 Source: 2023 American Community Survey 5-Year Estimates, Tables B25075 and B25077 26