Hackettstown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hackettstown Neighborhoods Since 2000




Hackettstown, NJ Real Estate Data


Hackettstown Housing Market Information

With a population of 9,579, 3,473 total housing units (homes and apartments), and a median house value of $261,799, 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 55.75% of the town's housing units. Other types of housing that are prevalent in Hackettstown include large apartment complexes or high rise apartments ( 28.47%), duplexes, homes converted to apartments or other small apartment buildings ( 9.85%), and a few row houses and other attached homes ( 5.20%).

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 49.62% owning and 50.38% 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 36.36% of the town's housing hails from this era. Other housing ages represented in Hackettstown include homes built between 1970-1999 ( 28.27%) and housing constructed before 1939 ( 23.76%). There's also some housing in Hackettstown built between 2000 and later ( 11.61%).

Hackettstown Home Appreciation Rates

Homes have actually lost value in Hackettstown over the last then years, as home values have seen a decline of 24.81% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hackettstown home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

Over the last year, Hackettstown appreciation rates have trailed the rest of the nation. In the last twelve months, Hackettstown's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hackettstown were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to New Jersey, our data show that Hackettstown's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Hackettstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hackettstown - 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 Hackettstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$261,799

Hackettstown, NJ HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.5
$416,001 - $520,000 6.0
$312,001 - $416,000 22.2
$208,001 - $312,000 54.8
$104,001 - $208,000 14.6
$52,001 - $104,000 0.0
$0 - $52,000 1.6

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
20.5613500527364 74.7967479674797

Number Of Homes And Apartments:
3,473

Rent & Ownership

 

Average Market Rent:
$1,332 / per month

Homeownership Rate

Homeownership
Owners 49.62
Renters 50.38
Vacant 4.48

Housing Market Details

 

Age of Homes

AGE OF Hackettstown HOMES
2000 or Newer 11.6
1970 - 1999 28.3
1940 - 1969 36.4
1939 or Older 23.8

Types of Homes

TYPE OF Hackettstown HOMES
Single-Family 55.7
Townhomes 5.2
Small Apt. Buildings 9.8
Apt. Complexes 28.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Hackettstown HOMES
No Bedroom 2.42
1 Bedroom 20.16
2 Bedrooms 22.63
3 Bedrooms 31.66
4 Bedrooms 19.20
5 or more bedrooms 3.93

Hackettstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
36.47% 1.82% 2 4
* 10 is highest