Colts Neck, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Colts Neck Neighborhoods Since 2000




Colts Neck, 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

Colts Neck Housing Market Information

With a population of 10,039, 1,570 total housing units (homes and apartments), and a median house value of $805,211, Colts Neck house prices are not only among the most expensive in New Jersey, Colts Neck real estate also is some of the most expensive in all of America.

Colts Neck is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Colts Neck than is found in 98% of the communities in America.

The large homes that make up Colts Neck are primarily owner-occupied ( 92.11%).

There is a lot of housing in Colts Neck built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Colts Neck built between 1940-1969 ( 32.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.09%). There's also some housing in Colts Neck built before 1939 ( 5.97%).

Colts Neck Home Appreciation Rates

Colts Neck's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Colts Neck during the period has been just -1.11%, which is lower than 70% of US communities.

Over the last year, Colts Neck appreciation rates have trailed the rest of the nation. In the last twelve months, Colts Neck's appreciation rate has been 0.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colts Neck were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$805,211

Colts Neck, NJ HOME PRICES

Value Range
> $1,067,000 29.8
$800,001 - $1,067,000 19.8
$533,001 - $800,000 32.8
$427,001 - $533,000 9.7
$320,001 - $427,000 3.6
$213,001 - $320,000 0.2
$106,001 - $213,000 2.8
$53,001 - $106,000 0.5
$0 - $53,000 0.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
1.89265205672097 6.09756097560976

Number Of Homes And Apartments:
1,570

Colts Neck 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
53.30% 2.51% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,845 / per month

Homeownership Rate

Homeownership
Owners 92.11
Renters 7.89
Vacant 2.66

Housing Market Details

 

Age of Homes

AGE OF Colts Neck HOMES
2000 or Newer 10.1
1970 - 1999 51.2
1940 - 1969 32.8
1939 or Older 6.0

Types of Homes

TYPE OF Colts Neck HOMES
Single-Family 92.1
Townhomes 1.2
Small Apt. Buildings 4.5
Apt. Complexes 2.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Colts Neck HOMES
No Bedroom 1.51
1 Bedroom 0.00
2 Bedrooms 6.37
3 Bedrooms 23.11
4 Bedrooms 42.58
5 or more bedrooms 26.43