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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 13,549 people, 2,205 houses or apartments, and a median cost of homes of $619,930, Berkeley Heights house prices are not only among the most expensive in New Jersey, Berkeley Heights real estate also is some of the most expensive in all of America.
Berkeley Heights is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Berkeley Heights than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Berkeley Heights. Owner-occupied housing accounts for 89.94% of Berkeley Heights's homes, and 69.53% 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. Berkeley Heights's housing was primarily built during this period, from the '40s through the '60s. A full 61.13% of the town's housing hails from this era. Other housing ages represented in Berkeley Heights include homes built between 1970-1999 ( 23.52%) and housing constructed before 1939 ( 8.91%). There's also some housing in Berkeley Heights built between 2000 and later ( 6.44%).
Appreciation rates for homes in Berkeley Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.72%, which ranks in the top 50% nationwide. This equates to an annual average Berkeley Heights house appreciation rate of 0.07%.
NeighborhoodScout's data show that during the latest twelve months, Berkeley Heights's appreciation rate, at 4.22%, has been at or slightly above the national average. In the latest quarter, Berkeley Heights's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New Jersey, our data show that Berkeley Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.
|$821,001 - $1,094,000||15.1|
|$547,001 - $821,000||45.9|
|$438,001 - $547,000||18.8|
|$328,001 - $438,000||7.8|
|$219,001 - $328,000||3.4|
|$109,001 - $219,000||1.5|
|$55,001 - $109,000||0.4|
|$0 - $55,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Berkeley Heights HOMES|
|2000 or Newer||6.4|
|1970 - 1999||23.5|
|1940 - 1969||61.1|
|1939 or Older||8.9|
|TYPE OF Berkeley Heights HOMES|
|Small Apt. Buildings||5.2|
|SIZE OF Berkeley Heights HOMES|
|5 or more bedrooms||14.11|