Matawan, NJ


Highest Appreciating Matawan Neighborhoods Since 2000

Matawan, 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

Matawan Housing Market Information

With a population of 8,853, 3,414 total housing units (homes and apartments), and a median house value of $349,265, real estate costs in Matawan 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 Matawan, accounting for 56.73% of the borough's housing units. Other types of housing that are prevalent in Matawan include large apartment complexes or high rise apartments ( 31.08%), duplexes, homes converted to apartments or other small apartment buildings ( 7.86%), and a few row houses and other attached homes ( 4.32%).

The most prevalent building size and type in Matawan are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 62.72% owning and 37.28% renting.

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. Matawan's housing was primarily built during this period, from the '40s through the '60s. A full 47.27% of the borough's housing hails from this era. Other housing ages represented in Matawan include homes built between 1970-1999 ( 28.32%) and housing constructed before 1939 ( 13.16%). There's also some housing in Matawan built between 2000 and later ( 11.24%).

Matawan Home Appreciation Rates

Matawan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Matawan during the period has been just -1.09%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Matawan's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Matawan's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Matawan's latest annual appreciation rate is higher than 70% 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 borough. Individual neighborhoods within Matawan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Matawan - 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 Matawan real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,106,000 1.7
$829,001 - $1,106,000 0.6
$553,001 - $829,000 5.1
$442,001 - $553,000 17.4
$332,001 - $442,000 31.2
$221,001 - $332,000 35.1
$110,001 - $221,000 5.2
$55,001 - $110,000 1.2
$0 - $55,000 2.4

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
12.2348529239423 51.8292682926829

Number Of Homes And Apartments:

Matawan Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
66.89% 3.01% 8 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,750 / per month

Homeownership Rate

Owners 62.72
Renters 37.28
Vacant 7.73

Housing Market Details


Age of Homes

2000 or Newer 11.2
1970 - 1999 28.3
1940 - 1969 47.3
1939 or Older 13.2

Types of Homes

Single-Family 56.7
Townhomes 4.3
Small Apt. Buildings 7.9
Apt. Complexes 31.1
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 0.43
1 Bedroom 21.38
2 Bedrooms 25.49
3 Bedrooms 29.46
4 Bedrooms 19.81
5 or more bedrooms 3.43