Clark, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clark, NJ Real Estate Data


Clark Housing Market Information

With a population of 15,535, 1,899 total housing units (homes and apartments), and a median house value of $468,379, real estate costs in Clark 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 Clark, accounting for 78.66% of the town's housing units. Other types of housing that are prevalent in Clark include large apartment complexes or high rise apartments ( 12.39%), duplexes, homes converted to apartments or other small apartment buildings ( 5.33%), and a few row houses and other attached homes ( 3.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clark. Owner-occupied housing accounts for 80.97% of Clark's homes, and 64.94% have either three or four bedrooms, which is average sized relative to America.

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. Clark's housing was primarily built during this period, from the '40s through the '60s. A full 75.54% of the town's housing hails from this era. Other housing ages represented in Clark include homes built between 1970-1999 ( 14.49%) and housing constructed before 1939 ( 7.18%). There's also some housing in Clark built between 2000 and later ( 2.80%).

Clark Home Appreciation Rates

Real estate appreciation rates in Clark's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

Over the last year, Clark appreciation rates have trailed the rest of the nation. In the last twelve months, Clark's appreciation rate has been 3.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clark were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$468,379

Clark, NJ HOME PRICES

Value Range
> $1,117,000 0.0
$838,001 - $1,117,000 1.4
$559,001 - $838,000 21.5
$447,001 - $559,000 33.4
$335,001 - $447,000 28.7
$223,001 - $335,000 8.7
$111,001 - $223,000 2.7
$56,001 - $111,000 1.5
$0 - $56,000 2.2

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.14411196345962 30.4878048780488

Number Of Homes And Apartments:
1,899

Rent & Ownership

 

Average Market Rent:
$1,721 / per month

Homeownership Rate

Homeownership
Owners 80.97
Renters 19.03
Vacant 3.73

Housing Market Details

 

Age of Homes

AGE OF Clark HOMES
2000 or Newer 2.8
1970 - 1999 14.5
1940 - 1969 75.5
1939 or Older 7.2

Types of Homes

TYPE OF Clark HOMES
Single-Family 78.7
Townhomes 3.4
Small Apt. Buildings 5.3
Apt. Complexes 12.4
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Clark HOMES
No Bedroom 0.97
1 Bedroom 11.13
2 Bedrooms 16.35
3 Bedrooms 36.97
4 Bedrooms 27.96
5 or more bedrooms 6.61

Clark 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
71.51% 3.22% 8 9
* 10 is highest