Hillside, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hillside Neighborhoods Since 2000




Hillside, 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

Hillside Housing Market Information

With a population of 21,984, 2,039 total housing units (homes and apartments), and a median house value of $259,704, Hillside real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hillside, accounting for 61.14% of the town's housing units. Other types of housing that are prevalent in Hillside include duplexes, homes converted to apartments or other small apartment buildings ( 29.95%), row houses and other attached homes ( 4.59%), and a few large apartment complexes or high rise apartments ( 4.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hillside. Owner-occupied housing accounts for 65.82% of Hillside's homes, and 57.02% 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. Hillside's housing was primarily built during this period, from the '40s through the '60s. A full 50.83% of the town's housing hails from this era. Other housing ages represented in Hillside include homes built before 1939 ( 32.04%) and housing constructed between 1970-1999 ( 12.99%). There's also some housing in Hillside built between 2000 and later ( 4.14%).

Hillside Home Appreciation Rates

Homes have actually lost value in Hillside over the last then years, as home values have seen a decline of 32.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hillside home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Appreciation rates are so strong in Hillside that despite a nationwide downturn in the housing market, Hillside real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hillside appreciation rates continue to be some of the highest in America, at 6.63%, which is higher than appreciation rates in 78.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hillside. Hillside appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$259,704

Hillside, NJ HOME PRICES

Value Range
> $1,099,000 0.0
$824,001 - $1,099,000 0.9
$549,001 - $824,000 2.8
$439,001 - $549,000 2.4
$329,001 - $439,000 15.5
$220,001 - $329,000 45.9
$110,001 - $220,000 26.7
$55,001 - $110,000 1.7
$0 - $55,000 4.1

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
21.0945740067971 75.609756097561

Number Of Homes And Apartments:
2,039

Hillside 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
43.03% 2.10% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,758 / per month

Homeownership Rate

Homeownership
Owners 65.82
Renters 34.18
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Hillside HOMES
2000 or Newer 4.1
1970 - 1999 13.0
1940 - 1969 50.8
1939 or Older 32.0

Types of Homes

TYPE OF Hillside HOMES
Single-Family 61.1
Townhomes 4.6
Small Apt. Buildings 29.9
Apt. Complexes 4.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hillside HOMES
No Bedroom 0.73
1 Bedroom 8.62
2 Bedrooms 30.23
3 Bedrooms 41.03
4 Bedrooms 15.98
5 or more bedrooms 3.40