Glen Rock, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glen Rock, 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

Glen Rock Housing Market Information

With a population of 11,999, 3,862 total housing units (homes and apartments), and a median house value of $654,905, Glen Rock house prices are not only among the most expensive in New Jersey, Glen Rock real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Glen Rock, accounting for 94.30% of the borough's housing units. Other types of housing that are prevalent in Glen Rock include large apartment complexes or high rise apartments ( 2.01%), duplexes, homes converted to apartments or other small apartment buildings ( 1.93%), and a few row houses and other attached homes ( 1.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Rock. Owner-occupied housing accounts for 92.78% of Glen Rock's homes, and 80.44% 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. Glen Rock's housing was primarily built during this period, from the '40s through the '60s. A full 55.20% of the borough's housing hails from this era. Other housing ages represented in Glen Rock include homes built before 1939 ( 33.17%) and housing constructed between 1970-1999 ( 7.46%). There's also some housing in Glen Rock built between 2000 and later ( 4.17%).

Glen Rock Home Appreciation Rates

Appreciation rates for homes in Glen Rock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.25%, which ranks in the top 50% nationwide. This equates to an annual average Glen Rock house appreciation rate of 0.22%.

Over the last year, Glen Rock appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Rock's appreciation rate has been 2.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Rock were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$654,905

Glen Rock, NJ HOME PRICES

Value Range
> $1,095,000 4.1
$821,001 - $1,095,000 13.8
$548,001 - $821,000 53.2
$438,001 - $548,000 19.0
$329,001 - $438,000 6.4
$219,001 - $329,000 2.2
$109,001 - $219,000 0.3
$55,001 - $109,000 0.3
$0 - $55,000 0.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.11730926989336 12.8048780487805

Number Of Homes And Apartments:
3,862

Glen Rock 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
72.98% 3.23% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,381 / per month

Homeownership Rate

Homeownership
Owners 92.78
Renters 7.22
Vacant 3.01

Housing Market Details

 

Age of Homes

AGE OF Glen Rock HOMES
2000 or Newer 4.2
1970 - 1999 7.5
1940 - 1969 55.2
1939 or Older 33.2

Types of Homes

TYPE OF Glen Rock HOMES
Single-Family 94.3
Townhomes 1.8
Small Apt. Buildings 1.9
Apt. Complexes 2.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glen Rock HOMES
No Bedroom 0.48
1 Bedroom 2.13
2 Bedrooms 9.47
3 Bedrooms 41.99
4 Bedrooms 38.45
5 or more bedrooms 7.48

Popular Neighborhoods in Glen Rock

Zip Codes in Glen Rock, NJ