Barrington, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Barrington Neighborhoods Since 2000




Barrington, 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

Barrington Housing Market Information

With a population of 6,817, 2,790 total housing units (homes and apartments), and a median house value of $178,944, Barrington real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Barrington homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Barrington, accounting for 60.75% of the borough's housing units. Other types of housing that are prevalent in Barrington include large apartment complexes or high rise apartments ( 26.53%), duplexes, homes converted to apartments or other small apartment buildings ( 11.36%), and a few row houses and other attached homes ( 1.36%).

The most prevalent building size and type in Barrington are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.39% owning and 37.61% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Barrington's housing was primarily built during this period, from the '40s through the '60s. A full 55.68% of the borough's housing hails from this era. Other housing ages represented in Barrington include homes built between 1970-1999 ( 26.19%) and housing constructed before 1939 ( 16.05%). There's also some housing in Barrington built between 2000 and later ( 2.07%).

Barrington Home Appreciation Rates

Barrington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Barrington during the period has been just -1.91%, which is lower than 80% of US communities.

Over the last year, Barrington appreciation rates have trailed the rest of the nation. In the last twelve months, Barrington's appreciation rate has been -3.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Barrington were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Barrington's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$178,944

Barrington, NJ HOME PRICES

Value Range
> $931,000 0.7
$698,001 - $931,000 0.5
$465,001 - $698,000 1.6
$372,001 - $465,000 1.8
$279,001 - $372,000 5.4
$186,001 - $279,000 42.0
$93,001 - $186,000 46.0
$46,001 - $93,000 1.3
$0 - $46,000 0.7

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
38.491737958514 90.2439024390244

Number Of Homes And Apartments:
2,790

Barrington 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
54.05% 2.54% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Homeownership
Owners 62.39
Renters 37.61
Vacant 5.10

Housing Market Details

 

Age of Homes

AGE OF Barrington HOMES
2000 or Newer 2.1
1970 - 1999 26.2
1940 - 1969 55.7
1939 or Older 16.1

Types of Homes

TYPE OF Barrington HOMES
Single-Family 60.7
Townhomes 1.4
Small Apt. Buildings 11.4
Apt. Complexes 26.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Barrington HOMES
No Bedroom 2.35
1 Bedroom 20.95
2 Bedrooms 20.14
3 Bedrooms 34.69
4 Bedrooms 17.69
5 or more bedrooms 4.18