Caldwell, NJ Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Caldwell, NJ Housing Market Trends

With 9,027 people, 3,163 houses or apartments, and a median cost of homes of $531,654, real estate costs in Caldwell 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.

Large apartment complexes or high rise apartments are the single most common housing type in Caldwell, accounting for 41.88% of the borough's housing units. Other types of housing that are prevalent in Caldwell include single-family detached homes ( 34.13%), duplexes, homes converted to apartments or other small apartment buildings ( 20.14%), and a few row houses and other attached homes ( 3.49%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

People in Caldwell primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Caldwell 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. Caldwell's housing was primarily built during this period, from the '40s through the '60s. A full 38.15% of the borough's housing hails from this era. Other housing ages represented in Caldwell include homes built before 1939 ( 33.90%) and housing constructed between 1970-1999 ( 23.51%). There's also some housing in Caldwell built between 2000 and later ( 4.44%).

Caldwell Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Caldwell, where house values have increased just 28.27%, which is annualized rate of 2.52%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Caldwell appreciation rates have trailed the rest of the nation. In the last twelve months, Caldwell's appreciation rate has been 14.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Caldwell were at 5.56%, which equates to an annual appreciation rate of 24.14%.

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

Relative to New Jersey, our data show that Caldwell's latest annual appreciation rate is lower than 60% 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 Caldwell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Caldwell - 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 Caldwell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$531,654

Caldwell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
106.56% 3.35%
6
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,660 / per month

Homeownership Rate

Owners
Renters
Vacant
42.4%
42.4%
57.6%
57.6%
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.4%
4.4%
23.5%
23.5%
38.2%
38.2%
33.9%
33.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
34.1%
34.1%
3.5%
3.5%
20.1%
20.1%
41.9%
41.9%
0.4%
0.4%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
34.3%
34.3%
23.0%
23.0%
24.5%
24.5%
9.9%
9.9%
6.5%
6.5%
0.0% 100.0%
% OF HOMES