Clifton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clifton, NJ Real Estate Data


Clifton Housing Market Information

With 86,334 people, 29,065 houses or apartments, and a median cost of homes of $361,814, real estate costs in Clifton 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 Clifton, accounting for 45.76% of the city's housing units. Other types of housing that are prevalent in Clifton include duplexes, homes converted to apartments or other small apartment buildings ( 34.15%), large apartment complexes or high rise apartments ( 14.65%), and a few row houses and other attached homes ( 5.08%).

People in Clifton primarily live in small (one, two or no bedroom) single-family detached homes. Clifton 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. Clifton's housing was primarily built during this period, from the '40s through the '60s. A full 59.30% of the city's housing hails from this era. Other housing ages represented in Clifton include homes built before 1939 ( 19.74%) and housing constructed between 1970-1999 ( 15.27%). There's also some housing in Clifton built between 2000 and later ( 5.69%).

Clifton Home Appreciation Rates

Clifton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clifton during the period has been just -1.99%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clifton's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Clifton's appreciation rate has been 0.95%, which annualizes to a rate of 3.87%.

Relative to New Jersey, our data show that Clifton's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Clifton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clifton - 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 Clifton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$361,814

Clifton, NJ HOME PRICES

Value Range
> $1,100,000 0.1
$825,001 - $1,100,000 0.9
$550,001 - $825,000 5.7
$440,001 - $550,000 13.1
$330,001 - $440,000 40.1
$220,001 - $330,000 31.1
$110,001 - $220,000 6.1
$55,001 - $110,000 0.4
$0 - $55,000 2.0

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.1742646197117 48.5772357723577

Number Of Homes And Apartments:
29,065

Rent & Ownership

 

Average Market Rent:
$1,751 / per month

Homeownership Rate

Homeownership
Owners 60.08
Renters 39.92
Vacant 8.83

Housing Market Details

 

Age of Homes

AGE OF Clifton HOMES
2000 or Newer 5.7
1970 - 1999 15.3
1940 - 1969 59.3
1939 or Older 19.7

Types of Homes

TYPE OF Clifton HOMES
Single-Family 45.8
Townhomes 5.1
Small Apt. Buildings 34.1
Apt. Complexes 14.7
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Clifton HOMES
No Bedroom 6.97
1 Bedroom 11.67
2 Bedrooms 32.62
3 Bedrooms 35.57
4 Bedrooms 11.05
5 or more bedrooms 2.13

Clifton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
52.68% 2.48% 5 7
* 10 is highest