Bayonne, NJ


Highest Appreciating Bayonne Neighborhoods Since 2000

Bayonne, 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

Bayonne Housing Market Information

With 66,311 people, 25,474 houses or apartments, and a median cost of homes of $356,765, real estate costs in Bayonne 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Bayonne, accounting for 52.53% of the city's housing units. Other types of housing that are prevalent in Bayonne include large apartment complexes or high rise apartments ( 27.05%), single-family detached homes ( 13.32%), and a few row houses and other attached homes ( 6.57%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Bayonne primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Bayonne has a mixture of owner-occupied and renter-occupied housing.

The housing in Bayonne was primarily built before 1939 ( 42.21%), making the housing stock in Bayonne some of the oldest overall in America, although there is a range of ages of homes in Bayonne. The next most important housing age is between 1940-1969 ( 35.63%), followed by between 1970-1999 ( 16.25%). There's also some housing in Bayonne built between 2000 and later ( 5.91%).

Bayonne Home Appreciation Rates

Homes have actually lost value in Bayonne over the last then years, as home values have seen a decline of 19.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bayonne home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Appreciation rates are so strong in Bayonne that despite a nationwide downturn in the housing market, Bayonne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bayonne appreciation rates continue to be some of the highest in America, at 7.32%, which is higher than appreciation rates in 83.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bayonne. Bayonne appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bayonne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bayonne - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bayonne real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,127,000 0.9
$845,001 - $1,127,000 1.0
$563,001 - $845,000 5.5
$450,001 - $563,000 12.6
$338,001 - $450,000 35.4
$225,001 - $338,000 30.1
$113,001 - $225,000 10.0
$56,001 - $113,000 1.6
$0 - $56,000 2.9

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.6957693659909 49.7967479674797

Number Of Homes And Apartments:

Bayonne Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
52.94% 2.49% 5 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,655 / per month

Homeownership Rate

Owners 37.27
Renters 62.73
Vacant 7.02

Housing Market Details


Age of Homes

2000 or Newer 5.9
1970 - 1999 16.2
1940 - 1969 35.6
1939 or Older 42.2

Types of Homes

Single-Family 13.3
Townhomes 6.6
Small Apt. Buildings 52.5
Apt. Complexes 27.1
Mobile Homes 0.5
Other 0.0

Home Size

No Bedroom 2.88
1 Bedroom 19.80
2 Bedrooms 36.23
3 Bedrooms 32.75
4 Bedrooms 5.35
5 or more bedrooms 2.99