North Brunswick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating North Brunswick Neighborhoods Since 2000




North 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

North Brunswick Housing Market Information

With 42,725 people, 2,247 houses or apartments, and a median cost of homes of $305,393, North Brunswick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Brunswick, accounting for 39.32% of the town's housing units. Other types of housing that are prevalent in North Brunswick include large apartment complexes or high rise apartments ( 29.72%), row houses and other attached homes ( 17.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.88%).

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

There is a lot of housing in North Brunswick built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Brunswick built between 1940-1969 ( 25.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.71%). There's also some housing in North Brunswick built before 1939 ( 5.32%).

North Brunswick Home Appreciation Rates

North Brunswick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Brunswick during the period has been just -1.92%, which is lower than 80% of US communities.

Over the last year, North Brunswick appreciation rates have trailed the rest of the nation. In the last twelve months, North Brunswick's appreciation rate has been 2.28%, 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 Brunswick were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$305,393

North Brunswick, NJ HOME PRICES

Value Range
> $1,053,000 0.6
$790,001 - $1,053,000 0.7
$527,001 - $790,000 6.9
$422,001 - $527,000 16.2
$316,001 - $422,000 23.9
$211,001 - $316,000 30.3
$106,001 - $211,000 13.1
$53,001 - $106,000 6.1
$0 - $53,000 2.3

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
15.897105355678 61.9918699186992

Number Of Homes And Apartments:
2,247

North 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
46.79% 2.25% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,737 / per month

Homeownership Rate

Homeownership
Owners 56.84
Renters 43.16
Vacant 3.31

Housing Market Details

 

Age of Homes

AGE OF North Brunswick HOMES
2000 or Newer 9.7
1970 - 1999 59.4
1940 - 1969 25.6
1939 or Older 5.3

Types of Homes

TYPE OF North Brunswick HOMES
Single-Family 39.3
Townhomes 17.4
Small Apt. Buildings 9.9
Apt. Complexes 29.7
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF North Brunswick HOMES
No Bedroom 1.08
1 Bedroom 17.87
2 Bedrooms 33.07
3 Bedrooms 25.78
4 Bedrooms 18.78
5 or more bedrooms 3.42