Hightstown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hightstown Neighborhoods Since 2000




Hightstown, 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

Hightstown Housing Market Information

With a population of 5,517, 2,068 total housing units (homes and apartments), and a median house value of $268,414, Hightstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hightstown, accounting for 49.91% of the borough's housing units. Other types of housing that are prevalent in Hightstown include large apartment complexes or high rise apartments ( 24.15%), duplexes, homes converted to apartments or other small apartment buildings ( 16.32%), and a few row houses and other attached homes ( 9.12%).

People in Hightstown primarily live in small (one, two or no bedroom) single-family detached homes. Hightstown has a mixture of owner-occupied and renter-occupied housing.

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. Hightstown's housing was primarily built during this period, from the '40s through the '60s. A full 32.02% of the borough's housing hails from this era. Other housing ages represented in Hightstown include homes built before 1939 ( 30.55%) and housing constructed between 1970-1999 ( 30.01%). There's also some housing in Hightstown built between 2000 and later ( 7.42%).

Hightstown Home Appreciation Rates

Homes have actually lost value in Hightstown over the last then years, as home values have seen a decline of 20.21% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hightstown home appreciation rates at -2.58%, which equates to an annual appreciation rate of -9.92%.

Over the last year, Hightstown appreciation rates have trailed the rest of the nation. In the last twelve months, Hightstown's appreciation rate has been -0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hightstown were at -2.58%, which equates to an annual appreciation rate of -9.92%.

Notably, Hightstown's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$268,414

Hightstown, NJ HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.0
$515,001 - $773,000 2.6
$412,001 - $515,000 7.6
$309,001 - $412,000 28.7
$206,001 - $309,000 37.1
$103,001 - $206,000 23.3
$52,001 - $103,000 0.0
$0 - $52,000 0.7

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
19.9812492675495 72.9674796747967

Number Of Homes And Apartments:
2,068

Hightstown 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
42.54% 2.08% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,737 / per month

Homeownership Rate

Homeownership
Owners 59.46
Renters 40.54
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Hightstown HOMES
2000 or Newer 7.4
1970 - 1999 30.0
1940 - 1969 32.0
1939 or Older 30.5

Types of Homes

TYPE OF Hightstown HOMES
Single-Family 49.9
Townhomes 9.1
Small Apt. Buildings 16.3
Apt. Complexes 24.2
Mobile Homes 0.0
Other 0.5

Home Size

SIZE OF Hightstown HOMES
No Bedroom 0.00
1 Bedroom 16.19
2 Bedrooms 35.06
3 Bedrooms 29.79
4 Bedrooms 17.53
5 or more bedrooms 1.43