Guttenberg, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Guttenberg Neighborhoods Since 2000




Guttenberg, 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

Guttenberg Housing Market Information

With 11,665 people, 4,386 houses or apartments, and a median cost of homes of $392,593, real estate costs in Guttenberg 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.

Large apartment complexes or high rise apartments are the single most common housing type in Guttenberg, accounting for 50.89% of the town's housing units. Other types of housing that are prevalent in Guttenberg include duplexes, homes converted to apartments or other small apartment buildings ( 37.51%), single-family detached homes ( 6.33%), and a few row houses and other attached homes ( 5.27%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Guttenberg is dominated by renter-occupied one, two, or no bedrooms apartments. 69.02% of Guttenberg's dwellings are rentals.

There is a lot of housing in Guttenberg 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 Guttenberg built between 1940-1969 ( 22.58%). A lesser amount of the housing stock also hails from before 1939 ( 22.04%). There's also some housing in Guttenberg built between 2000 and later ( 16.75%).

Guttenberg Home Appreciation Rates

Guttenberg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Guttenberg during the period has been just -1.20%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Guttenberg's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Guttenberg's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$392,593

Guttenberg, NJ HOME PRICES

Value Range
> $1,186,000 0.0
$890,001 - $1,186,000 0.6
$593,001 - $890,000 11.4
$475,001 - $593,000 15.6
$356,001 - $475,000 27.0
$237,001 - $356,000 23.4
$119,001 - $237,000 15.6
$59,001 - $119,000 5.0
$0 - $59,000 1.5

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.76795968592523 42.479674796748

Number Of Homes And Apartments:
4,386

Guttenberg 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
94.52% 3.93% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,765 / per month

Homeownership Rate

Homeownership
Owners 30.98
Renters 69.02
Vacant 8.64

Housing Market Details

 

Age of Homes

AGE OF Guttenberg HOMES
2000 or Newer 16.7
1970 - 1999 38.6
1940 - 1969 22.6
1939 or Older 22.0

Types of Homes

TYPE OF Guttenberg HOMES
Single-Family 6.3
Townhomes 5.3
Small Apt. Buildings 37.5
Apt. Complexes 50.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Guttenberg HOMES
No Bedroom 4.35
1 Bedroom 31.14
2 Bedrooms 36.43
3 Bedrooms 25.33
4 Bedrooms 1.56
5 or more bedrooms 1.19