Bedminster, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bedminster Neighborhoods Since 2000




Bedminster, 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

Bedminster Housing Market Information

With a population of 8,241, 2,625 total housing units (homes and apartments), and a median house value of $360,968, real estate costs in Bedminster 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.

Row houses and other attached homes are the single most common housing type in Bedminster, accounting for 33.19% of the town's housing units. Other types of housing that are prevalent in Bedminster include single-family detached homes ( 32.80%), large apartment complexes or high rise apartments ( 26.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.74%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Dwellings in Bedminster tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 61.71% of the homes in Bedminster have two or fewer bedrooms.

There is a lot of housing in Bedminster 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 Bedminster built between 1940-1969 ( 9.83%). A lesser amount of the housing stock also hails from before 1939 ( 6.85%). There's also some housing in Bedminster built between 2000 and later ( 5.33%).

Bedminster Home Appreciation Rates

Real estate appreciation rates in Bedminster's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Bedminster appreciation rates have trailed the rest of the nation. In the last twelve months, Bedminster's appreciation rate has been 0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bedminster were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Bedminster's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$360,968

Bedminster, NJ HOME PRICES

Value Range
> $1,070,000 13.9
$803,001 - $1,070,000 7.3
$535,001 - $803,000 12.3
$428,001 - $535,000 15.3
$321,001 - $428,000 23.6
$214,001 - $321,000 12.2
$107,001 - $214,000 12.5
$53,001 - $107,000 2.7
$0 - $53,000 0.2

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.4320871909059 49.1869918699187

Number Of Homes And Apartments:
2,625

Bedminster 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
62.64% 2.86% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,498 / per month

Homeownership Rate

Homeownership
Owners 79.62
Renters 20.38
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Bedminster HOMES
2000 or Newer 5.3
1970 - 1999 78.0
1940 - 1969 9.8
1939 or Older 6.9

Types of Homes

TYPE OF Bedminster HOMES
Single-Family 32.8
Townhomes 33.2
Small Apt. Buildings 7.7
Apt. Complexes 26.1
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bedminster HOMES
No Bedroom 1.21
1 Bedroom 11.62
2 Bedrooms 48.88
3 Bedrooms 19.13
4 Bedrooms 10.28
5 or more bedrooms 8.88

Popular Neighborhoods in Bedminster

Zip Codes in Bedminster, NJ