Keyport, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Keyport Neighborhoods Since 2000




Keyport, 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

Keyport Housing Market Information

With 7,145 people, 2,962 houses or apartments, and a median cost of homes of $296,346, Keyport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Keyport, accounting for 52.07% of the borough's housing units. Other types of housing that are prevalent in Keyport include large apartment complexes or high rise apartments ( 29.14%), duplexes, homes converted to apartments or other small apartment buildings ( 13.22%), and a few row houses and other attached homes ( 5.57%).

People in Keyport primarily live in small (one, two or no bedroom) single-family detached homes. Keyport has a mixture of owner-occupied and renter-occupied housing.

The housing in Keyport was primarily built before 1939 ( 42.36%), making the housing stock in Keyport some of the oldest overall in America, although there is a range of ages of homes in Keyport. The next most important housing age is between 1970-1999 ( 29.33%), followed by between 1940-1969 ( 26.05%). There's also some housing in Keyport built between 2000 and later ( 2.26%).

Keyport Home Appreciation Rates

Keyport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Keyport during the period has been just -2.01%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Keyport's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Keyport's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$296,346

Keyport, NJ HOME PRICES

Value Range
> $1,100,000 1.4
$825,001 - $1,100,000 0.0
$550,001 - $825,000 1.5
$440,001 - $550,000 2.7
$330,001 - $440,000 23.4
$220,001 - $330,000 56.3
$110,001 - $220,000 10.5
$55,001 - $110,000 0.0
$0 - $55,000 4.2

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
16.606117426462 64.8373983739837

Number Of Homes And Apartments:
2,962

Keyport 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
65.24% 2.95% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,222 / per month

Homeownership Rate

Homeownership
Owners 52.11
Renters 47.89
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Keyport HOMES
2000 or Newer 2.3
1970 - 1999 29.3
1940 - 1969 26.1
1939 or Older 42.4

Types of Homes

TYPE OF Keyport HOMES
Single-Family 52.1
Townhomes 5.6
Small Apt. Buildings 13.2
Apt. Complexes 29.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Keyport HOMES
No Bedroom 4.94
1 Bedroom 25.57
2 Bedrooms 25.32
3 Bedrooms 31.72
4 Bedrooms 10.22
5 or more bedrooms 2.23