Jackson, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jackson, 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

Jackson Housing Market Information

With 56,365 people, 2,458 houses or apartments, and a median cost of homes of $387,234, real estate costs in Jackson 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 Jackson, accounting for 79.21% of the town's housing units. Other types of housing that are prevalent in Jackson include large apartment complexes or high rise apartments ( 7.28%), row houses and other attached homes ( 7.04%), and a few mobile homes or trailers ( 4.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jackson. Owner-occupied housing accounts for 86.26% of Jackson's homes, and 61.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jackson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Jackson built between 2000 and later ( 29.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.53%). There's also some housing in Jackson built before 1939 ( 2.95%).

Jackson Home Appreciation Rates

Jackson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jackson during the period has been just -1.30%, which is lower than 70% of US communities.

Appreciation rates are so strong in Jackson that despite a nationwide downturn in the housing market, Jackson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jackson appreciation rates continue to be some of the highest in America, at 6.48%, which is higher than appreciation rates in 77.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jackson. Jackson 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 Jackson's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Jackson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jackson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Jackson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$387,234

Jackson, NJ HOME PRICES

Value Range
> $1,152,000 0.1
$864,001 - $1,152,000 0.6
$576,001 - $864,000 9.7
$460,001 - $576,000 17.9
$345,001 - $460,000 28.5
$230,001 - $345,000 29.2
$115,001 - $230,000 7.3
$58,001 - $115,000 1.5
$0 - $58,000 5.1

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.0433610687918 43.2926829268293

Number Of Homes And Apartments:
2,458

Jackson 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
68.71% 3.08% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,878 / per month

Homeownership Rate

Homeownership
Owners 86.26
Renters 13.74
Vacant 4.81

Housing Market Details

 

Age of Homes

AGE OF Jackson HOMES
2000 or Newer 29.6
1970 - 1999 48.9
1940 - 1969 18.5
1939 or Older 3.0

Types of Homes

TYPE OF Jackson HOMES
Single-Family 79.2
Townhomes 7.0
Small Apt. Buildings 1.7
Apt. Complexes 7.3
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Jackson HOMES
No Bedroom 0.91
1 Bedroom 4.62
2 Bedrooms 25.82
3 Bedrooms 31.73
4 Bedrooms 29.97
5 or more bedrooms 6.94