Bergenfield, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bergenfield Housing Market Information

With 27,327 people, 8,760 houses or apartments, and a median cost of homes of $408,341, real estate costs in Bergenfield 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 Bergenfield, accounting for 65.86% of the borough's housing units. Other types of housing that are prevalent in Bergenfield include duplexes, homes converted to apartments or other small apartment buildings ( 19.74%), large apartment complexes or high rise apartments ( 10.73%), and a few row houses and other attached homes ( 3.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bergenfield. Owner-occupied housing accounts for 67.11% of Bergenfield's homes, and 57.12% have either three or four bedrooms, which is average sized relative to America.

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. Bergenfield's housing was primarily built during this period, from the '40s through the '60s. A full 58.32% of the borough's housing hails from this era. Other housing ages represented in Bergenfield include homes built before 1939 ( 23.94%) and housing constructed between 1970-1999 ( 15.37%). There's also some housing in Bergenfield built between 2000 and later ( 2.37%).

Bergenfield Home Appreciation Rates

Real estate appreciation rates in Bergenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.47% during the period.

Over the last year, Bergenfield appreciation rates have trailed the rest of the nation. In the last twelve months, Bergenfield's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bergenfield were at 0.70%, which equates to an annual appreciation rate of 2.83%.

Notably, Bergenfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Bergenfield's latest annual appreciation rate is lower than 50% 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 borough. Individual neighborhoods within Bergenfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bergenfield - 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 Bergenfield real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$408,341

Bergenfield, NJ HOME PRICES

> $1,179,000
1.2%
1.2%
$885,001 - $1,179,000
2.8%
2.8%
$590,001 - $885,000
8.2%
8.2%
$472,001 - $590,000
14.0%
14.0%
$354,001 - $472,000
46.8%
46.8%
$236,001 - $354,000
23.1%
23.1%
$118,001 - $236,000
1.9%
1.9%
$59,001 - $118,000
0.6%
0.6%
$0 - $59,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
8,760

Bergenfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
85.95% 3.03%
7
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,079 / per month

Homeownership Rate

Owners
67.1%
67.1%
Renters
32.9%
32.9%
Vacant
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
2.4%
2.4%
1970 - 1999
15.4%
15.4%
1940 - 1969
58.3%
58.3%
1939 or Older
23.9%
23.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.9%
65.9%
Townhomes
3.7%
3.7%
Small Apt. Buildings
19.7%
19.7%
Apt. Complexes
10.7%
10.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
16.3%
16.3%
2 Bedrooms
20.4%
20.4%
3 Bedrooms
39.9%
39.9%
4 Bedrooms
17.2%
17.2%
5 or more bedrooms
4.7%
4.7%
0.0% 100.0%
% OF HOMES