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Iselin, NJ Real Estate Market

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Iselin, NJ Housing Market Trends

With a population of 20,088, 6,317 total housing units (homes and apartments), and a median house value of $416,045, Iselin real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Iselin, accounting for 66.68% of the town's housing units. Other types of housing that are prevalent in Iselin include large apartment complexes or high rise apartments ( 25.05%), row houses and other attached homes ( 4.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.98%).

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 71.92% of Iselin's homes, and 53.65% 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 61.12% of the town's housing hails from this era. Other housing ages represented in Iselin include homes built between 1970-1999 ( 25.08%) and housing constructed between 2000 and later ( 8.47%). There's also some housing in Iselin built before 1939 ( 5.33%).

Iselin Home Appreciation Rates

Real estate appreciation rates in Iselin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.23% during the period.

Over the last year, Iselin appreciation rates have trailed the rest of the nation. In the last twelve months, Iselin's appreciation rate has been 10.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iselin were at 3.84%, which equates to an annual appreciation rate of 16.25%.

Relative to New Jersey, our data show that Iselin's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$416,045

Iselin, NJ HOME PRICES

> $1,304,000
$978,001 - $1,304,000
$652,001 - $978,000
$522,001 - $652,000
$391,001 - $522,000
$261,001 - $391,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
1.0%
1.0%
0.0%
0.0%
6.5%
6.5%
10.9%
10.9%
40.3%
40.3%
36.8%
36.8%
3.7%
3.7%
0.0%
0.0%
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for NJ

Value Relative To Nation

Number Of Homes And Apartments:
6,317

Iselin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
144.10% 4.00%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,169 / per month

Homeownership Rate

Owners
Renters
Vacant
71.9%
71.9%
28.1%
28.1%
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.5%
8.5%
25.1%
25.1%
61.1%
61.1%
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.7%
66.7%
4.2%
4.2%
4.0%
4.0%
25.1%
25.1%
0.1%
0.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
12.3%
12.3%
31.8%
31.8%
33.9%
33.9%
19.8%
19.8%
2.0%
2.0%
0.0% 100.0%
% OF HOMES