Hawthorne, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hawthorne Neighborhoods Since 2000




Hawthorne, 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

Hawthorne Housing Market Information

With 19,074 people, 6,829 houses or apartments, and a median cost of homes of $380,842, real estate costs in Hawthorne 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.

Single-family detached homes are the single most common housing type in Hawthorne, accounting for 51.51% of the borough's housing units. Other types of housing that are prevalent in Hawthorne include duplexes, homes converted to apartments or other small apartment buildings ( 34.00%), large apartment complexes or high rise apartments ( 8.88%), and a few row houses and other attached homes ( 5.61%).

The most prevalent building size and type in Hawthorne are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.39% owning and 35.61% 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. Hawthorne's housing was primarily built during this period, from the '40s through the '60s. A full 45.68% of the borough's housing hails from this era. Other housing ages represented in Hawthorne include homes built before 1939 ( 28.69%) and housing constructed between 1970-1999 ( 22.04%). There's also some housing in Hawthorne built between 2000 and later ( 3.60%).

Hawthorne Home Appreciation Rates

Hawthorne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hawthorne during the period has been just -1.42%, which is lower than 80% of US communities.

Over the last year, Hawthorne appreciation rates have trailed the rest of the nation. In the last twelve months, Hawthorne's appreciation rate has been 1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hawthorne were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Hawthorne's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$380,842

Hawthorne, NJ HOME PRICES

Value Range
> $1,088,000 0.2
$816,001 - $1,088,000 0.7
$544,001 - $816,000 12.3
$435,001 - $544,000 18.8
$326,001 - $435,000 43.6
$218,001 - $326,000 18.2
$109,001 - $218,000 4.4
$55,001 - $109,000 0.0
$0 - $55,000 1.8

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.3422008672214 44.7154471544715

Number Of Homes And Apartments:
6,829

Hawthorne 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
49.05% 2.34% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,970 / per month

Homeownership Rate

Homeownership
Owners 64.39
Renters 35.61
Vacant 4.76

Housing Market Details

 

Age of Homes

AGE OF Hawthorne HOMES
2000 or Newer 3.6
1970 - 1999 22.0
1940 - 1969 45.7
1939 or Older 28.7

Types of Homes

TYPE OF Hawthorne HOMES
Single-Family 51.5
Townhomes 5.6
Small Apt. Buildings 34.0
Apt. Complexes 8.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hawthorne HOMES
No Bedroom 0.46
1 Bedroom 10.78
2 Bedrooms 31.70
3 Bedrooms 42.08
4 Bedrooms 13.15
5 or more bedrooms 1.83