Livingston, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Livingston, NJ Real Estate Data


Livingston Housing Market Information

With a population of 29,849, 2,025 total housing units (homes and apartments), and a median house value of $653,395, Livingston house prices are not only among the most expensive in New Jersey, Livingston real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Livingston, accounting for 89.10% of the town's housing units. Other types of housing that are prevalent in Livingston include large apartment complexes or high rise apartments ( 6.08%), row houses and other attached homes ( 3.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Livingston. Owner-occupied housing accounts for 91.25% of Livingston's homes, and 76.02% 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. Livingston's housing was primarily built during this period, from the '40s through the '60s. A full 61.01% of the town's housing hails from this era. Other housing ages represented in Livingston include homes built between 1970-1999 ( 17.66%) and housing constructed between 2000 and later ( 10.74%). There's also some housing in Livingston built before 1939 ( 10.59%).

Livingston Home Appreciation Rates

Real estate appreciation rates in Livingston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.20% during the period.

Over the last year, Livingston appreciation rates have trailed the rest of the nation. In the last twelve months, Livingston's appreciation rate has been 3.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Livingston were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Livingston's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Livingston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Livingston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Livingston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$653,395

Livingston, NJ HOME PRICES

Value Range
> $1,139,000 10.4
$854,001 - $1,139,000 11.5
$570,001 - $854,000 35.4
$456,001 - $570,000 24.8
$342,001 - $456,000 14.0
$228,001 - $342,000 2.0
$114,001 - $228,000 1.0
$57,001 - $114,000 0.3
$0 - $57,000 0.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.30854365520876 13.8211382113821

Number Of Homes And Apartments:
2,025

Rent & Ownership

 

Average Market Rent:
$2,417 / per month

Homeownership Rate

Homeownership
Owners 91.25
Renters 8.75
Vacant 4.00

Housing Market Details

 

Age of Homes

AGE OF Livingston HOMES
2000 or Newer 10.7
1970 - 1999 17.7
1940 - 1969 61.0
1939 or Older 10.6

Types of Homes

TYPE OF Livingston HOMES
Single-Family 89.1
Townhomes 3.5
Small Apt. Buildings 0.6
Apt. Complexes 6.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Livingston HOMES
No Bedroom 0.45
1 Bedroom 2.79
2 Bedrooms 7.30
3 Bedrooms 41.30
4 Bedrooms 34.72
5 or more bedrooms 13.44

Livingston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
74.15% 3.32% 8 9
* 10 is highest