Long Valley, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Long Valley Neighborhoods Since 2000




Long Valley, 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

Long Valley Housing Market Information

With a population of 1,913, 612 total housing units (homes and apartments), and a median house value of $520,058, real estate costs in Long Valley 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 Long Valley, accounting for 83.73% of the town's housing units. Other types of housing that are prevalent in Long Valley include mobile homes or trailers ( 9.76%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Long Valley. Owner-occupied housing accounts for 87.13% of Long Valley's homes, and 79.29% 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. Long Valley's housing was primarily built during this period, from the '40s through the '60s. A full 41.72% of the town's housing hails from this era. Other housing ages represented in Long Valley include homes built between 1970-1999 ( 38.46%) and housing constructed before 1939 ( 17.46%). There's also some housing in Long Valley built between 2000 and later ( 2.37%).

Long Valley Home Appreciation Rates

Long Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Long Valley during the period has been just -1.61%, which is lower than 80% of US communities.

Over the last year, Long Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Long Valley's appreciation rate has been 1.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Long Valley were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$520,058

Long Valley, NJ HOME PRICES

Value Range
> $1,059,000 4.2
$794,001 - $1,059,000 11.5
$530,001 - $794,000 29.0
$424,001 - $530,000 25.2
$318,001 - $424,000 18.0
$212,001 - $318,000 8.2
$106,001 - $212,000 2.2
$53,001 - $106,000 1.0
$0 - $53,000 0.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
5.39083557951483 23.780487804878

Number Of Homes And Apartments:
612

Long Valley 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
30.90% 1.57% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,651 / per month

Homeownership Rate

Homeownership
Owners 87.13
Renters 12.87
Vacant 9.47

Housing Market Details

 

Age of Homes

AGE OF Long Valley HOMES
2000 or Newer 2.4
1970 - 1999 38.5
1940 - 1969 41.7
1939 or Older 17.5

Types of Homes

TYPE OF Long Valley HOMES
Single-Family 83.7
Townhomes 0.0
Small Apt. Buildings 6.5
Apt. Complexes 0.0
Mobile Homes 9.8
Other 0.0

Home Size

SIZE OF Long Valley HOMES
No Bedroom 0.00
1 Bedroom 2.07
2 Bedrooms 10.95
3 Bedrooms 51.33
4 Bedrooms 27.96
5 or more bedrooms 7.69