Denville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Denville Neighborhoods Since 2000




Denville, 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

Denville Housing Market Information

With 19,770 people, 2,024 houses or apartments, and a median cost of homes of $443,431, real estate costs in Denville 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 Denville, accounting for 78.08% of the town's housing units. Other types of housing that are prevalent in Denville include large apartment complexes or high rise apartments ( 10.92%), row houses and other attached homes ( 9.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 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 Denville. Owner-occupied housing accounts for 86.28% of Denville's homes, and 65.08% 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. Denville's housing was primarily built during this period, from the '40s through the '60s. A full 41.21% of the town's housing hails from this era. Other housing ages represented in Denville include homes built between 1970-1999 ( 30.81%) and housing constructed before 1939 ( 19.56%). There's also some housing in Denville built between 2000 and later ( 8.41%).

Denville Home Appreciation Rates

Denville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Denville during the period has been just -1.13%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Denville's appreciation rate, at 3.16%, has been at or slightly above the national average. In the latest quarter, Denville's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Denville's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$443,431

Denville, NJ HOME PRICES

Value Range
> $1,084,000 1.4
$813,001 - $1,084,000 5.8
$542,001 - $813,000 19.8
$434,001 - $542,000 18.3
$325,001 - $434,000 31.7
$217,001 - $325,000 18.5
$109,001 - $217,000 1.6
$54,001 - $109,000 0.7
$0 - $54,000 2.1

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.63506386968241 31.9105691056911

Number Of Homes And Apartments:
2,024

Denville 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
53.56% 2.52% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,634 / per month

Homeownership Rate

Homeownership
Owners 86.28
Renters 13.72
Vacant 5.99

Housing Market Details

 

Age of Homes

AGE OF Denville HOMES
2000 or Newer 8.4
1970 - 1999 30.8
1940 - 1969 41.2
1939 or Older 19.6

Types of Homes

TYPE OF Denville HOMES
Single-Family 78.1
Townhomes 9.6
Small Apt. Buildings 1.3
Apt. Complexes 10.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Denville HOMES
No Bedroom 1.65
1 Bedroom 5.78
2 Bedrooms 19.10
3 Bedrooms 38.69
4 Bedrooms 26.39
5 or more bedrooms 8.39