Belford, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Belford Neighborhoods Since 2000




Belford, 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

Belford Housing Market Information

With a population of 1,755, 500 total housing units (homes and apartments), and a median house value of $356,058, real estate costs in Belford 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 Belford, accounting for 74.52% of the town's housing units. Other types of housing that are prevalent in Belford include large apartment complexes or high rise apartments ( 11.60%), row houses and other attached homes ( 9.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belford. Owner-occupied housing accounts for 84.60% of Belford's homes, and 72.81% have either three or four bedrooms, which is average sized relative to America.

Belford homes and real estate are some of the newest in America. 32.13% of Belford's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Belford real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 28.71%), and between 1970-1999 ( 24.71%). There's also some housing in Belford built before 1939 ( 14.45%).

Belford Home Appreciation Rates

Belford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Belford during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Belford appreciation rates have trailed the rest of the nation. In the last twelve months, Belford's appreciation rate has been 3.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belford were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Belford's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$356,058

Belford, NJ HOME PRICES

Value Range
> $1,106,000 0.0
$830,001 - $1,106,000 0.1
$553,001 - $830,000 1.3
$443,001 - $553,000 13.4
$332,001 - $443,000 44.6
$221,001 - $332,000 32.0
$111,001 - $221,000 6.2
$56,001 - $111,000 0.8
$0 - $56,000 1.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.7426461971171 50.2032520325203

Number Of Homes And Apartments:
500

Belford 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
65.89% 2.98% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,524 / per month

Homeownership Rate

Homeownership
Owners 84.60
Renters 15.40
Vacant 4.94

Housing Market Details

 

Age of Homes

AGE OF Belford HOMES
2000 or Newer 32.1
1970 - 1999 24.7
1940 - 1969 28.7
1939 or Older 14.4

Types of Homes

TYPE OF Belford HOMES
Single-Family 74.5
Townhomes 9.9
Small Apt. Buildings 4.0
Apt. Complexes 11.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belford HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 23.95
3 Bedrooms 41.06
4 Bedrooms 31.75
5 or more bedrooms 3.23