Kendall Park, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Kendall Park, NJ Housing Market Trends

With 9,715 people, 3,150 houses or apartments, and a median cost of homes of $579,974, 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 80.17% of the town's housing units. Other types of housing that are prevalent in Kendall Park include large apartment complexes or high rise apartments ( 7.46%), mobile homes or trailers ( 7.04%), and a few row houses and other attached homes ( 3.59%).

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 87.97% of Kendall Park's homes, and 78.65% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kendall Park 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 Kendall Park built between 1940-1969 ( 46.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.46%).

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 2.87% 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 7.96%, 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 3.14%, which equates to an annual appreciation rate of 13.15%.

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

Average Home Values

 

Median Home Value:
$579,974

Kendall Park, NJ HOME PRICES

> $1,156,000
0.4%
0.4%
$867,001 - $1,156,000
5.7%
5.7%
$579,001 - $867,000
31.8%
31.8%
$463,001 - $579,000
15.2%
15.2%
$347,001 - $463,000
25.6%
25.6%
$231,001 - $347,000
9.4%
9.4%
$116,001 - $231,000
3.3%
3.3%
$58,001 - $116,000
0.8%
0.8%
$0 - $58,000
7.7%
7.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
3,150

Kendall Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
102.02% 3.32%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,689 / per month

Homeownership Rate

Owners
88.0%
88.0%
Renters
12.0%
12.0%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.5%
6.5%
1970 - 1999
47.0%
47.0%
1940 - 1969
46.3%
46.3%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.2%
80.2%
Townhomes
3.6%
3.6%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
7.5%
7.5%
Mobile Homes
7.0%
7.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.1%
8.1%
2 Bedrooms
7.2%
7.2%
3 Bedrooms
42.5%
42.5%
4 Bedrooms
36.2%
36.2%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES