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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hackettstown, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hackettstown, NJ Housing Market Trends

With a population of 10,130, 3,698 total housing units (homes and apartments), and a median house value of $397,533, Hackettstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hackettstown, accounting for 57.74% of the town's housing units. Other types of housing that are prevalent in Hackettstown include large apartment complexes or high rise apartments ( 22.92%), row houses and other attached homes ( 9.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.50%).

The most prevalent building size and type in Hackettstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.76% owning and 42.24% renting.

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. Hackettstown's housing was primarily built during this period, from the '40s through the '60s. A full 38.55% of the town's housing hails from this era. Other housing ages represented in Hackettstown include homes built between 1970-1999 ( 24.08%) and housing constructed before 1939 ( 20.21%). There's also some housing in Hackettstown built between 2000 and later ( 17.16%).

Hackettstown Home Appreciation Rates

Hackettstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hackettstown during the period has been just 4.92%, which is lower than 70% of US communities.

Appreciation rates are so strong in Hackettstown that despite a nationwide downturn in the housing market, Hackettstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hackettstown appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 91.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hackettstown. Hackettstown appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.

Importantly, this makes Hackettstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New Jersey, our data show that Hackettstown's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$397,533

Hackettstown, NJ Home Prices
> $1,289,000
$967,001 - $1,289,000
$644,001 - $967,000
$515,001 - $644,000
$387,001 - $515,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.5%
0.5%
0.4%
0.4%
3.3%
3.3%
16.3%
16.3%
35.1%
35.1%
36.4%
36.4%
6.2%
6.2%
0.7%
0.7%
1.1%
1.1%
0% 100.0%
% of Homes
Low

for New jersey

High

for nation

Number of Homes And Apartments:

3,698

Hackettstown Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,088 / per month

Homeownership Rate

Owners
Renters
57.8%
57.8%
42.2%
42.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.2%
17.2%
24.1%
24.1%
38.6%
38.6%
20.2%
20.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.7%
57.7%
9.0%
9.0%
8.5%
8.5%
22.9%
22.9%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
15.3%
15.3%
21.8%
21.8%
32.6%
32.6%
24.4%
24.4%
3.4%
3.4%
0% 100.0%
% of Homes