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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 11,446, 4,973 total housing units (homes and apartments), and a median house value of $498,493, Guttenberg real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Guttenberg, accounting for 60.34% 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 ( 31.68%), row houses and other attached homes ( 5.67%), and a few single-family detached homes ( 2.32%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Guttenberg primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Guttenberg has a mixture of owner-occupied and renter-occupied housing.
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 2000 and later ( 22.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.77%). There's also some housing in Guttenberg built before 1939 ( 9.49%).
In the last 10 years, Guttenberg has experienced some of the highest home appreciation rates of any community in the nation. Guttenberg real estate appreciated 133.58% over the last ten years, which is an average annual home appreciation rate of 8.85%, putting Guttenberg in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Guttenberg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Guttenberg's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Guttenberg's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
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.
$498,493
for New jersey
for nation
4,973
$3,250 / per month