Bridgewater, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bridgewater Neighborhoods Since 2000




Bridgewater, 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

Bridgewater Housing Market Information

With a population of 39,841, 1,818 total housing units (homes and apartments), and a median house value of $489,660, real estate costs in Bridgewater 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 Bridgewater, accounting for 66.16% of the town's housing units. Other types of housing that are prevalent in Bridgewater include large apartment complexes or high rise apartments ( 15.31%), row houses and other attached homes ( 12.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bridgewater. Owner-occupied housing accounts for 80.46% of Bridgewater's homes, and 64.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bridgewater 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 Bridgewater built between 1940-1969 ( 35.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.95%). There's also some housing in Bridgewater built before 1939 ( 5.08%).

Bridgewater Home Appreciation Rates

Real estate appreciation rates in Bridgewater's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

Over the last year, Bridgewater appreciation rates have trailed the rest of the nation. In the last twelve months, Bridgewater's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bridgewater were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Bridgewater'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 town. Individual neighborhoods within Bridgewater differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bridgewater - 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 Bridgewater real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$489,660

Bridgewater, NJ HOME PRICES

Value Range
> $1,094,000 1.1
$820,001 - $1,094,000 3.3
$546,001 - $820,000 30.9
$437,001 - $546,000 21.3
$328,001 - $437,000 22.4
$219,001 - $328,000 13.0
$109,001 - $219,000 4.7
$55,001 - $109,000 1.7
$0 - $55,000 1.6

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.18774170866049 26.219512195122

Number Of Homes And Apartments:
1,818

Bridgewater 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
51.64% 2.44% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,616 / per month

Homeownership Rate

Homeownership
Owners 80.46
Renters 19.54
Vacant 3.90

Housing Market Details

 

Age of Homes

AGE OF Bridgewater HOMES
2000 or Newer 7.0
1970 - 1999 52.4
1940 - 1969 35.5
1939 or Older 5.1

Types of Homes

TYPE OF Bridgewater HOMES
Single-Family 66.2
Townhomes 12.5
Small Apt. Buildings 5.8
Apt. Complexes 15.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bridgewater HOMES
No Bedroom 0.60
1 Bedroom 8.04
2 Bedrooms 19.88
3 Bedrooms 33.17
4 Bedrooms 31.57
5 or more bedrooms 6.73