Annandale, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Annandale Neighborhoods Since 2000




Annandale, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Annandale Housing Market Information

With a population of 1,655, 511 total housing units (homes and apartments), and a median house value of $477,165, real estate costs in Annandale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Annandale, accounting for 71.69% of the town's housing units. Other types of housing that are prevalent in Annandale include large apartment complexes or high rise apartments ( 24.77%), row houses and other attached homes ( 3.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Annandale. Owner-occupied housing accounts for 67.91% of Annandale's homes, and 55.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Annandale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Annandale built between 1940-1969 ( 22.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.81%). There's also some housing in Annandale built before 1939 ( 18.62%).

Annandale Home Appreciation Rates

Annandale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annandale during the period has been just -1.67%, which is lower than 80% of US communities.

Over the last year, Annandale appreciation rates have trailed the rest of the nation. In the last twelve months, Annandale's appreciation rate has been 1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Annandale were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Annandale's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$477,165

Annandale, NJ HOME PRICES

Value Range
> $1,072,000 1.1
$804,001 - $1,072,000 3.4
$536,001 - $804,000 26.9
$429,001 - $536,000 33.6
$322,001 - $429,000 23.5
$214,001 - $322,000 6.8
$107,001 - $214,000 0.7
$54,001 - $107,000 0.8
$0 - $54,000 3.2

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.53345833821634 28.4552845528455

Number Of Homes And Apartments:
511

Annandale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
40.29% 1.98% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,495 / per month

Homeownership Rate

Homeownership
Owners 67.91
Renters 32.09
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF Annandale HOMES
2000 or Newer 18.8
1970 - 1999 40.2
1940 - 1969 22.3
1939 or Older 18.6

Types of Homes

TYPE OF Annandale HOMES
Single-Family 71.7
Townhomes 3.5
Small Apt. Buildings 0.0
Apt. Complexes 24.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Annandale HOMES
No Bedroom 0.00
1 Bedroom 4.10
2 Bedrooms 36.31
3 Bedrooms 26.44
4 Bedrooms 29.42
5 or more bedrooms 3.72