Freehold, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Freehold Neighborhoods Since 2000




Freehold, 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

Freehold Housing Market Information

With a population of 11,959, 3,896 total housing units (homes and apartments), and a median house value of $296,000, Freehold real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Freehold, accounting for 51.54% of the borough's housing units. Other types of housing that are prevalent in Freehold include large apartment complexes or high rise apartments ( 30.96%), duplexes, homes converted to apartments or other small apartment buildings ( 10.33%), and a few row houses and other attached homes ( 7.17%).

People in Freehold primarily live in small (one, two or no bedroom) single-family detached homes. Freehold 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. Freehold's housing was primarily built during this period, from the '40s through the '60s. A full 37.35% of the borough's housing hails from this era. Other housing ages represented in Freehold include homes built between 1970-1999 ( 31.86%) and housing constructed before 1939 ( 24.99%). There's also some housing in Freehold built between 2000 and later ( 5.80%).

Freehold Home Appreciation Rates

Freehold's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Freehold during the period has been just -1.00%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Freehold's appreciation rate, at 3.80%, has been at or slightly above the national average. In the latest quarter, Freehold's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Freehold'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 borough. Individual neighborhoods within Freehold differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Freehold - 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 Freehold real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$296,000

Freehold, NJ HOME PRICES

Value Range
> $1,108,000 0.2
$831,001 - $1,108,000 0.5
$553,001 - $831,000 2.7
$443,001 - $553,000 5.7
$332,001 - $443,000 25.3
$222,001 - $332,000 47.5
$110,001 - $222,000 17.0
$56,001 - $110,000 0.2
$0 - $56,000 0.9

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.6412750498066 65.0406504065041

Number Of Homes And Apartments:
3,896

Freehold 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
66.64% 3.00% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,814 / per month

Homeownership Rate

Homeownership
Owners 49.99
Renters 50.01
Vacant 8.13

Housing Market Details

 

Age of Homes

AGE OF Freehold HOMES
2000 or Newer 5.8
1970 - 1999 31.9
1940 - 1969 37.3
1939 or Older 25.0

Types of Homes

TYPE OF Freehold HOMES
Single-Family 51.5
Townhomes 7.2
Small Apt. Buildings 10.3
Apt. Complexes 31.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Freehold HOMES
No Bedroom 4.88
1 Bedroom 21.65
2 Bedrooms 25.11
3 Bedrooms 32.73
4 Bedrooms 13.30
5 or more bedrooms 2.33