North Arlington, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating North Arlington Neighborhoods Since 2000




North Arlington, 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

North Arlington Housing Market Information

With a population of 15,904, 6,122 total housing units (homes and apartments), and a median house value of $369,390, real estate costs in North Arlington 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 North Arlington, accounting for 42.84% of the borough's housing units. Other types of housing that are prevalent in North Arlington include duplexes, homes converted to apartments or other small apartment buildings ( 38.87%), large apartment complexes or high rise apartments ( 15.31%), and a few row houses and other attached homes ( 2.99%).

People in North Arlington primarily live in small (one, two or no bedroom) single-family detached homes. North Arlington has a mixture of owner-occupied and renter-occupied housing.

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. North Arlington's housing was primarily built during this period, from the '40s through the '60s. A full 65.91% of the borough's housing hails from this era. Other housing ages represented in North Arlington include homes built before 1939 ( 23.24%) and housing constructed between 1970-1999 ( 8.37%). There's also some housing in North Arlington built between 2000 and later ( 2.48%).

North Arlington Home Appreciation Rates

North Arlington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Arlington during the period has been just -1.89%, which is lower than 80% of US communities.

Over the last year, North Arlington appreciation rates have trailed the rest of the nation. In the last twelve months, North Arlington's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Arlington were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that North Arlington's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$369,390

North Arlington, NJ HOME PRICES

Value Range
> $1,087,000 1.0
$815,001 - $1,087,000 1.2
$543,001 - $815,000 3.4
$435,001 - $543,000 18.9
$326,001 - $435,000 46.2
$218,001 - $326,000 23.1
$109,001 - $218,000 3.1
$54,001 - $109,000 0.3
$0 - $54,000 2.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.9223016524083 47.7642276422764

Number Of Homes And Apartments:
6,122

North Arlington 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
57.73% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,761 / per month

Homeownership Rate

Homeownership
Owners 51.60
Renters 48.40
Vacant 2.76

Housing Market Details

 

Age of Homes

AGE OF North Arlington HOMES
2000 or Newer 2.5
1970 - 1999 8.4
1940 - 1969 65.9
1939 or Older 23.2

Types of Homes

TYPE OF North Arlington HOMES
Single-Family 42.8
Townhomes 3.0
Small Apt. Buildings 38.9
Apt. Complexes 15.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF North Arlington HOMES
No Bedroom 1.03
1 Bedroom 22.03
2 Bedrooms 32.07
3 Bedrooms 30.80
4 Bedrooms 11.50
5 or more bedrooms 2.57

Popular Neighborhoods in North Arlington

Zip Codes in North Arlington, NJ