Middletown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Middletown Neighborhoods Since 2000




Middletown, 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

Middletown Housing Market Information

With 29,435 people, 1,500 houses or apartments, and a median cost of homes of $437,684, real estate costs in Middletown 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 Middletown, accounting for 82.02% of the town's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 8.69%), row houses and other attached homes ( 7.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middletown. Owner-occupied housing accounts for 85.23% of Middletown's homes, and 73.98% 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. Middletown's housing was primarily built during this period, from the '40s through the '60s. A full 45.55% of the town's housing hails from this era. Other housing ages represented in Middletown include homes built between 1970-1999 ( 38.16%) and housing constructed between 2000 and later ( 8.34%). There's also some housing in Middletown built before 1939 ( 7.96%).

Middletown Home Appreciation Rates

Middletown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middletown during the period has been just -1.04%, which is lower than 70% of US communities.

Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Middletown'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 Middletown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middletown - 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 Middletown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$437,684

Middletown, NJ HOME PRICES

Value Range
> $1,097,000 1.5
$823,001 - $1,097,000 3.9
$548,001 - $823,000 22.9
$439,001 - $548,000 20.9
$329,001 - $439,000 25.5
$219,001 - $329,000 15.2
$110,001 - $219,000 7.0
$55,001 - $110,000 0.8
$0 - $55,000 2.3

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.80499238251494 32.520325203252

Number Of Homes And Apartments:
1,500

Middletown 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
55.70% 2.60% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,511 / per month

Homeownership Rate

Homeownership
Owners 85.23
Renters 14.77
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Middletown HOMES
2000 or Newer 8.3
1970 - 1999 38.2
1940 - 1969 45.6
1939 or Older 8.0

Types of Homes

TYPE OF Middletown HOMES
Single-Family 82.0
Townhomes 7.2
Small Apt. Buildings 1.8
Apt. Complexes 8.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Middletown HOMES
No Bedroom 2.41
1 Bedroom 5.81
2 Bedrooms 9.42
3 Bedrooms 35.64
4 Bedrooms 38.34
5 or more bedrooms 8.38