East Brunswick, 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 Q4 2020. 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

East Brunswick, NJ Housing Market Trends

With 45,235 people, 1,798 houses or apartments, and a median cost of homes of $435,996, real estate costs in East Brunswick 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 East Brunswick, accounting for 68.98% of the town's housing units. Other types of housing that are prevalent in East Brunswick include large apartment complexes or high rise apartments ( 16.47%), row houses and other attached homes ( 11.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Brunswick. Owner-occupied housing accounts for 81.40% of East Brunswick's homes, and 63.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Brunswick 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 East Brunswick built between 1940-1969 ( 43.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.20%). There's also some housing in East Brunswick built before 1939 ( 2.72%).

East Brunswick Home Appreciation Rates

East Brunswick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Brunswick during the period has been just 1.51%, which is lower than 80% of US communities.

Over the last year, East Brunswick appreciation rates have trailed the rest of the nation. In the last twelve months, East Brunswick's appreciation rate has been 4.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Brunswick were at 1.66%, which equates to an annual appreciation rate of 6.81%.

Relative to New Jersey, our data show that East Brunswick's latest annual appreciation rate is lower than 80% 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 town. Individual neighborhoods within East Brunswick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Brunswick - 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 East Brunswick real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$435,996

East Brunswick, NJ HOME PRICES

> $1,111,000
0.9%
0.9%
$833,001 - $1,111,000
2.9%
2.9%
$555,001 - $833,000
18.3%
18.3%
$444,001 - $555,000
27.0%
27.0%
$333,001 - $444,000
23.5%
23.5%
$222,001 - $333,000
15.9%
15.9%
$111,001 - $222,000
9.5%
9.5%
$55,001 - $111,000
1.0%
1.0%
$0 - $55,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
1,798

East Brunswick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
67.11% 2.48%
4
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,906 / per month

Homeownership Rate

Owners
81.4%
81.4%
Renters
18.6%
18.6%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
7.2%
7.2%
1970 - 1999
46.7%
46.7%
1940 - 1969
43.3%
43.3%
1939 or Older
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.0%
69.0%
Townhomes
11.5%
11.5%
Small Apt. Buildings
3.0%
3.0%
Apt. Complexes
16.5%
16.5%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
10.0%
10.0%
2 Bedrooms
18.1%
18.1%
3 Bedrooms
30.6%
30.6%
4 Bedrooms
33.4%
33.4%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES