Nutley, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Nutley Neighborhoods Since 2000




Nutley, 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

Nutley Housing Market Information

With 28,748 people, 1,894 houses or apartments, and a median cost of homes of $368,637, real estate costs in Nutley 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 Nutley, accounting for 57.78% of the town's housing units. Other types of housing that are prevalent in Nutley include large apartment complexes or high rise apartments ( 19.87%), duplexes, homes converted to apartments or other small apartment buildings ( 15.93%), and a few row houses and other attached homes ( 6.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nutley. Owner-occupied housing accounts for 67.86% of Nutley's homes, and 50.78% 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. Nutley's housing was primarily built during this period, from the '40s through the '60s. A full 47.03% of the town's housing hails from this era. Other housing ages represented in Nutley include homes built before 1939 ( 34.23%) and housing constructed between 1970-1999 ( 12.17%). There's also some housing in Nutley built between 2000 and later ( 6.57%).

Nutley Home Appreciation Rates

Nutley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nutley during the period has been just -1.07%, which is lower than 70% of US communities.

Over the last year, Nutley appreciation rates have trailed the rest of the nation. In the last twelve months, Nutley's appreciation rate has been 3.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nutley were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$368,637

Nutley, NJ HOME PRICES

Value Range
> $1,077,000 0.4
$808,001 - $1,077,000 0.8
$539,001 - $808,000 9.2
$431,001 - $539,000 21.3
$323,001 - $431,000 44.0
$215,001 - $323,000 16.5
$108,001 - $215,000 4.7
$54,001 - $108,000 1.5
$0 - $54,000 1.7

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
10.957459275753 48.1707317073171

Number Of Homes And Apartments:
1,894

Nutley 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
70.03% 3.12% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,805 / per month

Homeownership Rate

Homeownership
Owners 67.86
Renters 32.14
Vacant 5.21

Housing Market Details

 

Age of Homes

AGE OF Nutley HOMES
2000 or Newer 6.6
1970 - 1999 12.2
1940 - 1969 47.0
1939 or Older 34.2

Types of Homes

TYPE OF Nutley HOMES
Single-Family 57.8
Townhomes 6.4
Small Apt. Buildings 15.9
Apt. Complexes 19.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nutley HOMES
No Bedroom 4.00
1 Bedroom 16.16
2 Bedrooms 25.66
3 Bedrooms 39.96
4 Bedrooms 10.82
5 or more bedrooms 3.39