Califon, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Califon Neighborhoods Since 2000




Califon, 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

Califon Housing Market Information

With 1,080 people, 426 houses or apartments, and a median cost of homes of $402,968, real estate costs in Califon 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 Califon, accounting for 91.67% of the borough's housing units. Other types of housing that are prevalent in Califon include duplexes, homes converted to apartments or other small apartment buildings ( 4.40%), large apartment complexes or high rise apartments ( 2.08%), and a few row houses and other attached homes ( 1.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Califon. Owner-occupied housing accounts for 83.33% of Califon's homes, and 68.06% have either three or four bedrooms, which is average sized relative to America.

The housing in Califon was primarily built before 1939 ( 39.35%), making the housing stock in Califon some of the oldest overall in America, although there is a range of ages of homes in Califon. The next most important housing age is between 1970-1999 ( 32.87%), followed by between 1940-1969 ( 22.22%). There's also some housing in Califon built between 2000 and later ( 5.56%).

Califon Home Appreciation Rates

Califon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Califon during the period has been just -2.08%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Califon's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Califon's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Califon's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$402,968

Califon, NJ HOME PRICES

Value Range
> $1,062,000 4.1
$797,001 - $1,062,000 4.4
$531,001 - $797,000 16.4
$425,001 - $531,000 18.2
$319,001 - $425,000 28.2
$212,001 - $319,000 21.4
$106,001 - $212,000 3.7
$53,001 - $106,000 0.9
$0 - $53,000 2.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.37536622524317 40.0406504065041

Number Of Homes And Apartments:
426

Califon 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
26.35% 1.37% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,773 / per month

Homeownership Rate

Homeownership
Owners 83.33
Renters 16.67
Vacant 1.39

Housing Market Details

 

Age of Homes

AGE OF Califon HOMES
2000 or Newer 5.6
1970 - 1999 32.9
1940 - 1969 22.2
1939 or Older 39.4

Types of Homes

TYPE OF Califon HOMES
Single-Family 91.7
Townhomes 1.9
Small Apt. Buildings 4.4
Apt. Complexes 2.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Califon HOMES
No Bedroom 0.00
1 Bedroom 5.56
2 Bedrooms 23.61
3 Bedrooms 44.68
4 Bedrooms 23.38
5 or more bedrooms 2.78