Old Bridge, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Old Bridge Neighborhoods Since 2000




Old Bridge, 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

Old Bridge Housing Market Information

With a population of 24,347, 7,711 total housing units (homes and apartments), and a median house value of $357,235, real estate costs in Old Bridge 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 Old Bridge, accounting for 82.82% of the town's housing units. Other types of housing that are prevalent in Old Bridge include large apartment complexes or high rise apartments ( 11.14%), row houses and other attached homes ( 3.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Old Bridge. Owner-occupied housing accounts for 83.00% of Old Bridge's homes, and 78.11% 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. Old Bridge's housing was primarily built during this period, from the '40s through the '60s. A full 62.01% of the town's housing hails from this era. Other housing ages represented in Old Bridge include homes built between 1970-1999 ( 30.81%) and housing constructed between 2000 and later ( 4.78%). There's also some housing in Old Bridge built before 1939 ( 2.40%).

Old Bridge Home Appreciation Rates

Old Bridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Old Bridge during the period has been just -1.34%, which is lower than 80% of US communities.

Over the last year, Old Bridge appreciation rates have trailed the rest of the nation. In the last twelve months, Old Bridge's appreciation rate has been 1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Old Bridge were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Old Bridge'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 Old Bridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Old Bridge - 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 Old Bridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$357,235

Old Bridge, NJ HOME PRICES

Value Range
> $1,096,000 0.1
$822,001 - $1,096,000 0.1
$548,001 - $822,000 5.5
$438,001 - $548,000 14.4
$329,001 - $438,000 47.9
$219,001 - $329,000 25.8
$109,001 - $219,000 3.5
$55,001 - $109,000 0.4
$0 - $55,000 2.2

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
11.6547521387554 49.5934959349594

Number Of Homes And Apartments:
7,711

Old Bridge 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
63.01% 2.87% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,462 / per month

Homeownership Rate

Homeownership
Owners 83.00
Renters 17.00
Vacant 4.58

Housing Market Details

 

Age of Homes

AGE OF Old Bridge HOMES
2000 or Newer 4.8
1970 - 1999 30.8
1940 - 1969 62.0
1939 or Older 2.4

Types of Homes

TYPE OF Old Bridge HOMES
Single-Family 82.8
Townhomes 3.7
Small Apt. Buildings 2.0
Apt. Complexes 11.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Old Bridge HOMES
No Bedroom 0.53
1 Bedroom 10.27
2 Bedrooms 6.29
3 Bedrooms 40.09
4 Bedrooms 38.02
5 or more bedrooms 4.80