Middlesex, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middlesex, NJ Real Estate Data


Middlesex Housing Market Information

With a population of 13,934, 4,882 total housing units (homes and apartments), and a median house value of $341,829, real estate costs in Middlesex 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 Middlesex, accounting for 73.59% of the borough's housing units. Other types of housing that are prevalent in Middlesex include large apartment complexes or high rise apartments ( 12.04%), duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), and a few row houses and other attached homes ( 6.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middlesex. Owner-occupied housing accounts for 76.13% of Middlesex's homes, and 69.22% 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. Middlesex's housing was primarily built during this period, from the '40s through the '60s. A full 61.79% of the borough's housing hails from this era. Other housing ages represented in Middlesex include homes built between 1970-1999 ( 23.21%) and housing constructed before 1939 ( 13.55%). There's also some housing in Middlesex built between 2000 and later ( 1.45%).

Middlesex Home Appreciation Rates

Homes have actually lost value in Middlesex over the last then years, as home values have seen a decline of 20.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middlesex home appreciation rates at 0.85%, which equates to an annual appreciation rate of 3.45%.

NeighborhoodScout's data show that during the latest twelve months, Middlesex's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Middlesex's appreciation rate has been 0.85%, which annualizes to a rate of 3.45%.

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

Average Home Values

 

Median Home Value:
$341,829

Middlesex, NJ HOME PRICES

Value Range
> $1,072,000 0.0
$803,001 - $1,072,000 0.0
$536,001 - $803,000 2.5
$428,001 - $536,000 12.1
$322,001 - $428,000 33.9
$214,001 - $322,000 38.2
$107,001 - $214,000 10.7
$53,001 - $107,000 1.2
$0 - $53,000 1.4

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
12.533692722372 53.0487804878049

Number Of Homes And Apartments:
4,882

Rent & Ownership

 

Average Market Rent:
$1,674 / per month

Homeownership Rate

Homeownership
Owners 76.13
Renters 23.87
Vacant 4.29

Housing Market Details

 

Age of Homes

AGE OF Middlesex HOMES
2000 or Newer 1.5
1970 - 1999 23.2
1940 - 1969 61.8
1939 or Older 13.5

Types of Homes

TYPE OF Middlesex HOMES
Single-Family 73.6
Townhomes 6.5
Small Apt. Buildings 7.5
Apt. Complexes 12.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Middlesex HOMES
No Bedroom 0.00
1 Bedroom 10.27
2 Bedrooms 17.17
3 Bedrooms 43.13
4 Bedrooms 26.09
5 or more bedrooms 3.33

Middlesex Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
49.50% 2.36% 5 6
* 10 is highest