Clark, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Clark, NJ Housing Market Trends

With a population of 15,931, 2,067 total housing units (homes and apartments), and a median house value of $497,107, 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 76.96% of the town's housing units. Other types of housing that are prevalent in Clark include large apartment complexes or high rise apartments ( 16.61%), duplexes, homes converted to apartments or other small apartment buildings ( 4.40%), and a few row houses and other attached homes ( 2.03%).

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 78.54% of Clark's homes, and 66.58% 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 67.57% of the town's housing hails from this era. Other housing ages represented in Clark include homes built between 1970-1999 ( 17.29%) and housing constructed between 2000 and later ( 9.40%). There's also some housing in Clark built before 1939 ( 5.75%).

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 2.87% 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 8.22%, 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 3.14%, which equates to an annual appreciation rate of 13.17%.

Relative to New Jersey, our data show that Clark's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$497,107

Clark, NJ HOME PRICES

> $1,174,000
1.9%
1.9%
$881,001 - $1,174,000
5.1%
5.1%
$587,001 - $881,000
28.4%
28.4%
$469,001 - $587,000
26.0%
26.0%
$352,001 - $469,000
28.0%
28.0%
$235,001 - $352,000
7.2%
7.2%
$117,001 - $235,000
1.1%
1.1%
$59,001 - $117,000
0.8%
0.8%
$0 - $59,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
2,067

Clark Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
99.20% 3.26%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,413 / per month

Homeownership Rate

Owners
78.5%
78.5%
Renters
21.5%
21.5%
Vacant
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.4%
9.4%
1970 - 1999
17.3%
17.3%
1940 - 1969
67.6%
67.6%
1939 or Older
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.0%
77.0%
Townhomes
2.0%
2.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
16.6%
16.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
13.5%
13.5%
2 Bedrooms
13.0%
13.0%
3 Bedrooms
41.6%
41.6%
4 Bedrooms
24.9%
24.9%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES