Englewood, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Englewood Neighborhoods Since 2000




Englewood, 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

Englewood Housing Market Information

With a population of 28,539, 10,707 total housing units (homes and apartments), and a median house value of $398,946, real estate costs in Englewood 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 Englewood, accounting for 40.12% of the city's housing units. Other types of housing that are prevalent in Englewood include large apartment complexes or high rise apartments ( 35.52%), duplexes, homes converted to apartments or other small apartment buildings ( 18.38%), and a few row houses and other attached homes ( 5.70%).

People in Englewood primarily live in small (one, two or no bedroom) single-family detached homes. Englewood 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. Englewood's housing was primarily built during this period, from the '40s through the '60s. A full 39.78% of the city's housing hails from this era. Other housing ages represented in Englewood include homes built before 1939 ( 27.49%) and housing constructed between 1970-1999 ( 19.28%). There's also some housing in Englewood built between 2000 and later ( 13.45%).

Englewood Home Appreciation Rates

Englewood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Englewood during the period has been just -1.35%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Englewood's appreciation rate, at 3.45%, has been at or slightly above the national average. In the latest quarter, Englewood's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Englewood's latest annual appreciation rate is higher than 60% 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 Englewood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Englewood - 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 Englewood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$398,946

Englewood, NJ HOME PRICES

Value Range
> $1,105,000 8.1
$829,001 - $1,105,000 5.2
$553,001 - $829,000 12.6
$442,001 - $553,000 13.7
$332,001 - $442,000 24.3
$221,001 - $332,000 22.9
$111,001 - $221,000 9.5
$55,001 - $111,000 1.5
$0 - $55,000 2.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.50427751084027 40.650406504065

Number Of Homes And Apartments:
10,707

Englewood 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
69.91% 3.12% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,793 / per month

Homeownership Rate

Homeownership
Owners 52.66
Renters 47.34
Vacant 8.90

Housing Market Details

 

Age of Homes

AGE OF Englewood HOMES
2000 or Newer 13.5
1970 - 1999 19.3
1940 - 1969 39.8
1939 or Older 27.5

Types of Homes

TYPE OF Englewood HOMES
Single-Family 40.1
Townhomes 5.7
Small Apt. Buildings 18.4
Apt. Complexes 35.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Englewood HOMES
No Bedroom 2.99
1 Bedroom 18.01
2 Bedrooms 29.97
3 Bedrooms 27.65
4 Bedrooms 14.86
5 or more bedrooms 6.52