Iselin, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Iselin Neighborhoods Since 2000




Iselin, 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

Iselin Housing Market Information

With 18,928 people, 6,207 houses or apartments, and a median cost of homes of $333,467, real estate costs in Iselin 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 Iselin, accounting for 67.22% of the town's housing units. Other types of housing that are prevalent in Iselin include large apartment complexes or high rise apartments ( 24.67%), duplexes, homes converted to apartments or other small apartment buildings ( 5.77%), and a few row houses and other attached homes ( 2.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Iselin. Owner-occupied housing accounts for 69.87% of Iselin's homes, and 52.68% 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. Iselin's housing was primarily built during this period, from the '40s through the '60s. A full 60.31% of the town's housing hails from this era. Other housing ages represented in Iselin include homes built between 1970-1999 ( 24.47%) and housing constructed between 2000 and later ( 8.45%). There's also some housing in Iselin built before 1939 ( 6.78%).

Iselin Home Appreciation Rates

Iselin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Iselin during the period has been just -1.46%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Iselin's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Iselin's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Iselin's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$333,467

Iselin, NJ HOME PRICES

Value Range
> $1,131,000 0.0
$848,001 - $1,131,000 0.0
$566,001 - $848,000 3.1
$452,001 - $566,000 9.8
$339,001 - $452,000 32.7
$226,001 - $339,000 45.0
$113,001 - $226,000 6.9
$57,001 - $113,000 0.2
$0 - $57,000 2.3

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
13.4302121176608 54.6747967479675

Number Of Homes And Apartments:
6,207

Iselin 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
68.95% 3.09% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,177 / per month

Homeownership Rate

Homeownership
Owners 69.87
Renters 30.13
Vacant 3.95

Housing Market Details

 

Age of Homes

AGE OF Iselin HOMES
2000 or Newer 8.4
1970 - 1999 24.5
1940 - 1969 60.3
1939 or Older 6.8

Types of Homes

TYPE OF Iselin HOMES
Single-Family 67.2
Townhomes 2.3
Small Apt. Buildings 5.8
Apt. Complexes 24.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Iselin HOMES
No Bedroom 1.67
1 Bedroom 14.05
2 Bedrooms 26.06
3 Bedrooms 28.43
4 Bedrooms 24.25
5 or more bedrooms 5.54