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 about Scout's Real Estate Data
With a population of 32,125, 11,434 total housing units (homes and apartments), and a median house value of $729,817, 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 62.90% of the town's housing units. Other types of housing that are prevalent in Bridgewater include row houses and other attached homes ( 16.25%), large apartment complexes or high rise apartments ( 15.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.10%).
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 79.85% of Bridgewater's homes, and 64.42% 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 ( 30.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.02%). There's also some housing in Bridgewater built before 1939 ( 3.22%).
Bridgewater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bridgewater during the period has been just 5.07%, which is lower than 80% of US communities.
Appreciation rates are so strong in Bridgewater that despite a nationwide downturn in the housing market, Bridgewater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bridgewater appreciation rates continue to be some of the highest in America, at 14.62%, which is higher than appreciation rates in 85.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bridgewater. Bridgewater appreciation rates in the latest quarter were at 5.04%, which equates to an annual appreciation rate of 21.75%.
Importantly, this makes Bridgewater one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New Jersey, our data show that Bridgewater's latest annual appreciation rate is higher 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.
$729,817
for New jersey
for nation
11,434
$3,447 / per month