Middletown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middletown, NJ Real Estate Data


Middletown Housing Market Information

With 29,435 people, 1,505 houses or apartments, and a median cost of homes of $464,769, 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 82.24% of the town's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 8.72%), row houses and other attached homes ( 7.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.67%).

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 85.01% of Middletown's homes, and 71.24% 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 45.57% of the town's housing hails from this era. Other housing ages represented in Middletown include homes built between 1970-1999 ( 37.93%) and housing constructed before 1939 ( 8.39%). There's also some housing in Middletown built between 2000 and later ( 8.12%).

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 -0.93%, 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 4.13%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Middletown's latest annual appreciation rate is higher than 60% 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:
$464,769

Middletown, NJ HOME PRICES

Value Range
> $1,118,000 1.2
$839,001 - $1,118,000 4.4
$559,001 - $839,000 23.6
$447,001 - $559,000 21.0
$336,001 - $447,000 24.1
$224,001 - $336,000 17.2
$112,001 - $224,000 6.0
$56,001 - $112,000 0.7
$0 - $56,000 1.9

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.23194940563331 30.8943089430894

Number Of Homes And Apartments:
1,505

Rent & Ownership

 

Average Market Rent:
$1,674 / per month

Homeownership Rate

Homeownership
Owners 85.01
Renters 14.99
Vacant 3.89

Housing Market Details

 

Age of Homes

AGE OF Middletown HOMES
2000 or Newer 8.1
1970 - 1999 37.9
1940 - 1969 45.6
1939 or Older 8.4

Types of Homes

TYPE OF Middletown HOMES
Single-Family 82.2
Townhomes 7.2
Small Apt. Buildings 1.7
Apt. Complexes 8.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Middletown HOMES
No Bedroom 3.36
1 Bedroom 5.18
2 Bedrooms 10.90
3 Bedrooms 35.46
4 Bedrooms 35.78
5 or more bedrooms 9.32

Middletown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
58.62% 2.75% 6 7
* 10 is highest