Lyndhurst, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lyndhurst Neighborhoods Since 2000




Lyndhurst, 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

Lyndhurst Housing Market Information

With a population of 22,286, 2,046 total housing units (homes and apartments), and a median house value of $404,757, real estate costs in Lyndhurst 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Lyndhurst, accounting for 44.42% of the town's housing units. Other types of housing that are prevalent in Lyndhurst include single-family detached homes ( 36.94%), large apartment complexes or high rise apartments ( 15.26%), and a few row houses and other attached homes ( 2.62%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Lyndhurst primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Lyndhurst 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. Lyndhurst's housing was primarily built during this period, from the '40s through the '60s. A full 47.65% of the town's housing hails from this era. Other housing ages represented in Lyndhurst include homes built before 1939 ( 29.04%) and housing constructed between 1970-1999 ( 14.08%). There's also some housing in Lyndhurst built between 2000 and later ( 9.23%).

Lyndhurst Home Appreciation Rates

Lyndhurst's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lyndhurst during the period has been just -1.54%, which is lower than 80% of US communities.

Over the last year, Lyndhurst appreciation rates have trailed the rest of the nation. In the last twelve months, Lyndhurst's appreciation rate has been 2.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lyndhurst were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Lyndhurst's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$404,757

Lyndhurst, NJ HOME PRICES

Value Range
> $1,070,000 1.6
$802,001 - $1,070,000 1.4
$535,001 - $802,000 12.2
$428,001 - $535,000 20.7
$321,001 - $428,000 37.9
$214,001 - $321,000 21.2
$107,001 - $214,000 2.1
$54,001 - $107,000 0.4
$0 - $54,000 2.4

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.28747216688152 39.4308943089431

Number Of Homes And Apartments:
2,046

Lyndhurst 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
56.52% 2.63% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,713 / per month

Homeownership Rate

Homeownership
Owners 54.82
Renters 45.18
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Lyndhurst HOMES
2000 or Newer 9.2
1970 - 1999 14.1
1940 - 1969 47.6
1939 or Older 29.0

Types of Homes

TYPE OF Lyndhurst HOMES
Single-Family 36.9
Townhomes 2.6
Small Apt. Buildings 44.4
Apt. Complexes 15.3
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Lyndhurst HOMES
No Bedroom 1.52
1 Bedroom 19.79
2 Bedrooms 30.72
3 Bedrooms 35.55
4 Bedrooms 10.07
5 or more bedrooms 2.35