Kendall Park, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kendall Park Neighborhoods Since 2000




Kendall Park, 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

Kendall Park Housing Market Information

With a population of 9,715, 3,361 total housing units (homes and apartments), and a median house value of $441,220, real estate costs in Kendall Park 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 Kendall Park, accounting for 82.64% of the town's housing units. Other types of housing that are prevalent in Kendall Park include large apartment complexes or high rise apartments ( 8.05%), mobile homes or trailers ( 5.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kendall Park. Owner-occupied housing accounts for 87.09% of Kendall Park's homes, and 78.20% 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. Kendall Park's housing was primarily built during this period, from the '40s through the '60s. A full 49.93% of the town's housing hails from this era. Other housing ages represented in Kendall Park include homes built between 1970-1999 ( 43.57%) and housing constructed between 2000 and later ( 5.02%). There's also some housing in Kendall Park built before 1939 ( 1.49%).

Kendall Park Home Appreciation Rates

Real estate appreciation rates in Kendall Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Kendall Park appreciation rates have trailed the rest of the nation. In the last twelve months, Kendall Park's appreciation rate has been 2.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kendall Park were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$441,220

Kendall Park, NJ HOME PRICES

Value Range
> $1,097,000 0.4
$823,001 - $1,097,000 2.8
$549,001 - $823,000 24.8
$439,001 - $549,000 16.6
$329,001 - $439,000 30.4
$219,001 - $329,000 12.2
$110,001 - $219,000 4.3
$55,001 - $110,000 3.8
$0 - $55,000 4.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.6878003046994 32.1138211382114

Number Of Homes And Apartments:
3,361

Kendall Park 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
74.29% 3.27% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,479 / per month

Homeownership Rate

Homeownership
Owners 87.09
Renters 12.91
Vacant 1.93

Housing Market Details

 

Age of Homes

AGE OF Kendall Park HOMES
2000 or Newer 5.0
1970 - 1999 43.6
1940 - 1969 49.9
1939 or Older 1.5

Types of Homes

TYPE OF Kendall Park HOMES
Single-Family 82.6
Townhomes 1.6
Small Apt. Buildings 2.2
Apt. Complexes 8.1
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Kendall Park HOMES
No Bedroom 0.20
1 Bedroom 6.16
2 Bedrooms 8.64
3 Bedrooms 38.02
4 Bedrooms 40.18
5 or more bedrooms 6.80