Hillsdale, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hillsdale Neighborhoods Since 2000




Hillsdale, 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

Hillsdale Housing Market Information

With 10,559 people, 3,550 houses or apartments, and a median cost of homes of $561,479, Hillsdale house prices are not only among the most expensive in New Jersey, Hillsdale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Hillsdale, accounting for 85.24% of the borough's housing units. Other types of housing that are prevalent in Hillsdale include large apartment complexes or high rise apartments ( 6.80%), duplexes, homes converted to apartments or other small apartment buildings ( 6.64%), and a few row houses and other attached homes ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hillsdale. Owner-occupied housing accounts for 85.02% of Hillsdale's homes, and 74.59% have either three or four bedrooms, which is average sized relative to America.

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. Hillsdale's housing was primarily built during this period, from the '40s through the '60s. A full 54.60% of the borough's housing hails from this era. Other housing ages represented in Hillsdale include homes built before 1939 ( 24.14%) and housing constructed between 1970-1999 ( 16.92%). There's also some housing in Hillsdale built between 2000 and later ( 4.34%).

Hillsdale Home Appreciation Rates

Real estate appreciation rates in Hillsdale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.78% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hillsdale's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Hillsdale's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Hillsdale's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$561,479

Hillsdale, NJ HOME PRICES

Value Range
> $1,075,000 1.1
$806,001 - $1,075,000 6.5
$538,001 - $806,000 44.9
$430,001 - $538,000 26.2
$323,001 - $430,000 14.3
$215,001 - $323,000 3.9
$108,001 - $215,000 0.8
$54,001 - $108,000 0.8
$0 - $54,000 1.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
4.49431618422595 19.1056910569106

Number Of Homes And Apartments:
3,550

Hillsdale 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
57.09% 2.65% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,784 / per month

Homeownership Rate

Homeownership
Owners 85.02
Renters 14.98
Vacant 1.85

Housing Market Details

 

Age of Homes

AGE OF Hillsdale HOMES
2000 or Newer 4.3
1970 - 1999 16.9
1940 - 1969 54.6
1939 or Older 24.1

Types of Homes

TYPE OF Hillsdale HOMES
Single-Family 85.2
Townhomes 1.1
Small Apt. Buildings 6.6
Apt. Complexes 6.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Hillsdale HOMES
No Bedroom 1.58
1 Bedroom 4.70
2 Bedrooms 10.40
3 Bedrooms 43.35
4 Bedrooms 31.24
5 or more bedrooms 8.74