New Brunswick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Brunswick Neighborhoods Since 2000




New Brunswick, 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

New Brunswick Housing Market Information

With 57,035 people, 14,329 houses or apartments, and a median cost of homes of $273,213, New Brunswick real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in New Brunswick, accounting for 39.33% of the city's housing units. Other types of housing that are prevalent in New Brunswick include duplexes, homes converted to apartments or other small apartment buildings ( 33.15%), single-family detached homes ( 20.71%), and a few row houses and other attached homes ( 6.74%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

New Brunswick is dominated by renter-occupied one, two, or no bedrooms apartments. 83.12% of New Brunswick's dwellings are rentals.

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. New Brunswick's housing was primarily built during this period, from the '40s through the '60s. A full 48.67% of the city's housing hails from this era. Other housing ages represented in New Brunswick include homes built between 1970-1999 ( 20.49%) and housing constructed before 1939 ( 19.76%). There's also some housing in New Brunswick built between 2000 and later ( 11.08%).

New Brunswick Home Appreciation Rates

New Brunswick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Brunswick during the period has been just -2.04%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, New Brunswick's appreciation rate, at 4.97%, has been at or slightly above the national average. In the latest quarter, New Brunswick's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that New Brunswick's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within New Brunswick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Brunswick - 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 New Brunswick real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,213

New Brunswick, NJ HOME PRICES

Value Range
> $1,078,000 0.4
$809,001 - $1,078,000 0.0
$539,001 - $809,000 6.3
$431,001 - $539,000 17.7
$324,001 - $431,000 18.6
$216,001 - $324,000 34.3
$108,001 - $216,000 17.1
$54,001 - $108,000 3.7
$0 - $54,000 1.8

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
19.336692839564 71.1382113821138

Number Of Homes And Apartments:
14,329

New Brunswick 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
61.19% 2.81% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,004 / per month

Homeownership Rate

Homeownership
Owners 16.88
Renters 83.12
Vacant 9.00

Housing Market Details

 

Age of Homes

AGE OF New Brunswick HOMES
2000 or Newer 11.1
1970 - 1999 20.5
1940 - 1969 48.7
1939 or Older 19.8

Types of Homes

TYPE OF New Brunswick HOMES
Single-Family 20.7
Townhomes 6.7
Small Apt. Buildings 33.1
Apt. Complexes 39.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF New Brunswick HOMES
No Bedroom 6.13
1 Bedroom 26.00
2 Bedrooms 34.18
3 Bedrooms 23.79
4 Bedrooms 7.20
5 or more bedrooms 2.69