Little Ferry, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Little Ferry Neighborhoods Since 2000




Little Ferry, 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 Ferry Housing Market Information

With a population of 10,963, 4,237 total housing units (homes and apartments), and a median house value of $364,120, real estate costs in Little Ferry 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.

Large apartment complexes or high rise apartments are the single most common housing type in Little Ferry, accounting for 35.07% of the borough's housing units. Other types of housing that are prevalent in Little Ferry include single-family detached homes ( 33.06%), duplexes, homes converted to apartments or other small apartment buildings ( 27.43%), and a few row houses and other attached homes ( 3.34%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

People in Little Ferry primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Little Ferry 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 Ferry's housing was primarily built during this period, from the '40s through the '60s. A full 50.32% of the borough's housing hails from this era. Other housing ages represented in Little Ferry include homes built between 1970-1999 ( 32.73%) and housing constructed before 1939 ( 15.38%). There's also some housing in Little Ferry built between 2000 and later ( 1.56%).

Little Ferry Home Appreciation Rates

Homes have actually lost value in Little Ferry over the last then years, as home values have seen a decline of 26.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Little Ferry home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Appreciation rates are so strong in Little Ferry that despite a nationwide downturn in the housing market, Little Ferry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Ferry appreciation rates continue to be some of the highest in America, at 5.96%, which is higher than appreciation rates in 73.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Little Ferry. Little Ferry 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 Little Ferry's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$364,120

Little Ferry, NJ HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$538,001 - $806,000 5.3
$430,001 - $538,000 18.0
$323,001 - $430,000 31.0
$215,001 - $323,000 30.3
$107,001 - $215,000 8.7
$54,001 - $107,000 0.2
$0 - $54,000 6.5

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.2562990741826 48.780487804878

Number Of Homes And Apartments:
4,237

Little Ferry 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
41.60% 2.04% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,653 / per month

Homeownership Rate

Homeownership
Owners 45.90
Renters 54.10
Vacant 8.21

Housing Market Details

 

Age of Homes

AGE OF Little Ferry HOMES
2000 or Newer 1.6
1970 - 1999 32.7
1940 - 1969 50.3
1939 or Older 15.4

Types of Homes

TYPE OF Little Ferry HOMES
Single-Family 33.1
Townhomes 3.3
Small Apt. Buildings 27.4
Apt. Complexes 35.1
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Little Ferry HOMES
No Bedroom 4.40
1 Bedroom 37.09
2 Bedrooms 26.19
3 Bedrooms 18.18
4 Bedrooms 9.81
5 or more bedrooms 4.33

Popular Neighborhoods in Little Ferry

Zip Codes in Little Ferry, NJ