Little Falls, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Little Falls Neighborhoods Since 2000




Little Falls, 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

Little Falls Housing Market Information

With a population of 14,533, 2,727 total housing units (homes and apartments), and a median house value of $466,051, real estate costs in Little Falls 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 Little Falls, accounting for 55.56% of the town's housing units. Other types of housing that are prevalent in Little Falls include large apartment complexes or high rise apartments ( 22.57%), duplexes, homes converted to apartments or other small apartment buildings ( 16.92%), and a few row houses and other attached homes ( 4.95%).

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

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. Little Falls's housing was primarily built during this period, from the '40s through the '60s. A full 55.50% of the town's housing hails from this era. Other housing ages represented in Little Falls include homes built between 1970-1999 ( 22.85%) and housing constructed before 1939 ( 18.37%). There's also some housing in Little Falls built between 2000 and later ( 3.28%).

Little Falls Home Appreciation Rates

Little Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Little Falls during the period has been just -1.29%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Little Falls's appreciation rate, at 4.29%, has been at or slightly above the national average. In the latest quarter, Little Falls's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Little Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$466,051

Little Falls, NJ HOME PRICES

Value Range
> $1,103,000 0.5
$827,001 - $1,103,000 1.4
$551,001 - $827,000 12.4
$441,001 - $551,000 33.0
$331,001 - $441,000 29.7
$221,001 - $331,000 18.3
$110,001 - $221,000 4.1
$55,001 - $110,000 0.0
$0 - $55,000 0.6

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.90261338333529 29.4715447154472

Number Of Homes And Apartments:
2,727

Little Falls 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
52.57% 2.48% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,835 / per month

Homeownership Rate

Homeownership
Owners 58.98
Renters 41.02
Vacant 4.40

Housing Market Details

 

Age of Homes

AGE OF Little Falls HOMES
2000 or Newer 3.3
1970 - 1999 22.9
1940 - 1969 55.5
1939 or Older 18.4

Types of Homes

TYPE OF Little Falls HOMES
Single-Family 55.6
Townhomes 4.9
Small Apt. Buildings 16.9
Apt. Complexes 22.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Little Falls HOMES
No Bedroom 0.69
1 Bedroom 22.68
2 Bedrooms 25.87
3 Bedrooms 27.73
4 Bedrooms 19.17
5 or more bedrooms 3.86

Popular Neighborhoods in Little Falls

Zip Codes in Little Falls, NJ