Dumont, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dumont Neighborhoods Since 2000




Dumont, 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

Dumont Housing Market Information

With a population of 18,001, 6,308 total housing units (homes and apartments), and a median house value of $398,435, real estate costs in Dumont 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 Dumont, accounting for 72.14% of the borough's housing units. Other types of housing that are prevalent in Dumont include large apartment complexes or high rise apartments ( 13.52%), duplexes, homes converted to apartments or other small apartment buildings ( 12.77%), and a few row houses and other attached homes ( 1.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dumont. Owner-occupied housing accounts for 72.75% of Dumont's homes, and 63.82% 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. Dumont's housing was primarily built during this period, from the '40s through the '60s. A full 59.29% of the borough's housing hails from this era. Other housing ages represented in Dumont include homes built before 1939 ( 25.58%) and housing constructed between 1970-1999 ( 10.45%). There's also some housing in Dumont built between 2000 and later ( 4.69%).

Dumont Home Appreciation Rates

Dumont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dumont during the period has been just -1.45%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Dumont's appreciation rate, at 3.67%, has been at or slightly above the national average. In the latest quarter, Dumont's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$398,435

Dumont, NJ HOME PRICES

Value Range
> $1,104,000 0.0
$828,001 - $1,104,000 0.3
$552,001 - $828,000 11.1
$442,001 - $552,000 16.4
$331,001 - $442,000 51.2
$221,001 - $331,000 13.5
$110,001 - $221,000 2.9
$55,001 - $110,000 0.7
$0 - $55,000 4.0

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.53943513418493 41.0569105691057

Number Of Homes And Apartments:
6,308

Dumont 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
51.64% 2.44% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,649 / per month

Homeownership Rate

Homeownership
Owners 72.75
Renters 27.25
Vacant 3.67

Housing Market Details

 

Age of Homes

AGE OF Dumont HOMES
2000 or Newer 4.7
1970 - 1999 10.4
1940 - 1969 59.3
1939 or Older 25.6

Types of Homes

TYPE OF Dumont HOMES
Single-Family 72.1
Townhomes 1.6
Small Apt. Buildings 12.8
Apt. Complexes 13.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dumont HOMES
No Bedroom 1.56
1 Bedroom 14.25
2 Bedrooms 16.88
3 Bedrooms 46.64
4 Bedrooms 17.18
5 or more bedrooms 3.50