Califon, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Califon Neighborhoods Since 2000




Califon, NJ Real Estate Data


Califon Housing Market Information

With 1,080 people, 440 houses or apartments, and a median cost of homes of $417,700, 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 94.71% 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 ( 3.96%), row houses and other attached homes ( 1.32%).

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 87.05% of Califon's homes, and 69.38% have either three or four bedrooms, which is average sized relative to America.

The housing in Califon was primarily built before 1939 ( 39.43%), 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 ( 28.63%), followed by between 1940-1969 ( 27.09%). There's also some housing in Califon built between 2000 and later ( 4.85%).

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 -1.64%, which is lower than 80% of US communities.

Over the last year, Califon appreciation rates have trailed the rest of the nation. In the last twelve months, Califon's appreciation rate has been 2.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Califon were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Califon's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$417,700

Califon, NJ HOME PRICES

Value Range
> $1,063,000 3.7
$797,001 - $1,063,000 6.3
$532,001 - $797,000 17.0
$425,001 - $532,000 21.7
$319,001 - $425,000 23.9
$213,001 - $319,000 21.0
$106,001 - $213,000 3.7
$53,001 - $106,000 0.8
$0 - $53,000 1.9

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.87743748902032 37.8048780487805

Number Of Homes And Apartments:
440

Rent & Ownership

 

Average Market Rent:
$1,697 / per month

Homeownership Rate

Homeownership
Owners 87.05
Renters 12.95
Vacant 3.08

Housing Market Details

 

Age of Homes

AGE OF Califon HOMES
2000 or Newer 4.8
1970 - 1999 28.6
1940 - 1969 27.1
1939 or Older 39.4

Types of Homes

TYPE OF Califon HOMES
Single-Family 94.7
Townhomes 1.3
Small Apt. Buildings 4.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Califon HOMES
No Bedroom 0.00
1 Bedroom 4.19
2 Bedrooms 23.13
3 Bedrooms 43.61
4 Bedrooms 25.77
5 or more bedrooms 3.30

Califon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.75% 1.81% 2 4
* 10 is highest