Belleville, NJ


Highest Appreciating Belleville Neighborhoods Since 2000

Belleville, 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

Belleville Housing Market Information

With 36,354 people, 1,684 houses or apartments, and a median cost of homes of $297,472, Belleville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Belleville, accounting for 38.69% of the town's housing units. Other types of housing that are prevalent in Belleville include duplexes, homes converted to apartments or other small apartment buildings ( 31.92%), large apartment complexes or high rise apartments ( 25.41%), and a few row houses and other attached homes ( 3.65%).

People in Belleville primarily live in small (one, two or no bedroom) single-family detached homes. Belleville has a mixture of owner-occupied and renter-occupied housing.

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. Belleville's housing was primarily built during this period, from the '40s through the '60s. A full 45.82% of the town's housing hails from this era. Other housing ages represented in Belleville include homes built before 1939 ( 28.76%) and housing constructed between 1970-1999 ( 23.49%). There's also some housing in Belleville built between 2000 and later ( 1.93%).

Belleville Home Appreciation Rates

Homes have actually lost value in Belleville over the last then years, as home values have seen a decline of 23.73% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Belleville home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Belleville's appreciation rate, at 5.43%, has been at or slightly above the national average. In the latest quarter, Belleville's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Belleville's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within Belleville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belleville - 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 Belleville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Belleville, NJ HOME PRICES

Value Range
> $1,096,000 0.1
$822,001 - $1,096,000 0.3
$548,001 - $822,000 1.5
$438,001 - $548,000 7.4
$329,001 - $438,000 26.7
$219,001 - $329,000 38.8
$110,001 - $219,000 21.5
$55,001 - $110,000 2.4
$0 - $55,000 1.5

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.4889253486464 64.0243902439024

Number Of Homes And Apartments:

Belleville 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
62.45% 2.85% 7 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,673 / per month

Homeownership Rate

Owners 53.04
Renters 46.96
Vacant 6.89

Housing Market Details


Age of Homes

AGE OF Belleville HOMES
2000 or Newer 1.9
1970 - 1999 23.5
1940 - 1969 45.8
1939 or Older 28.8

Types of Homes

TYPE OF Belleville HOMES
Single-Family 38.7
Townhomes 3.7
Small Apt. Buildings 31.9
Apt. Complexes 25.4
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Belleville HOMES
No Bedroom 6.21
1 Bedroom 19.78
2 Bedrooms 31.88
3 Bedrooms 31.33
4 Bedrooms 8.08
5 or more bedrooms 2.73