Ramsey, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ramsey Neighborhoods Since 2000




Ramsey, 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

Ramsey Housing Market Information

With a population of 15,102, 5,436 total housing units (homes and apartments), and a median house value of $607,103, Ramsey house prices are not only among the most expensive in New Jersey, Ramsey real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Ramsey, accounting for 68.82% of the borough's housing units. Other types of housing that are prevalent in Ramsey include row houses and other attached homes ( 13.29%), large apartment complexes or high rise apartments ( 12.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ramsey. Owner-occupied housing accounts for 86.96% of Ramsey's homes, and 59.11% 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. Ramsey's housing was primarily built during this period, from the '40s through the '60s. A full 43.61% of the borough's housing hails from this era. Other housing ages represented in Ramsey include homes built between 1970-1999 ( 36.55%) and housing constructed before 1939 ( 15.39%). There's also some housing in Ramsey built between 2000 and later ( 4.45%).

Ramsey Home Appreciation Rates

Real estate appreciation rates in Ramsey's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

Over the last year, Ramsey appreciation rates have trailed the rest of the nation. In the last twelve months, Ramsey's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ramsey were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$607,103

Ramsey, NJ HOME PRICES

Value Range
> $1,078,000 6.4
$809,001 - $1,078,000 15.4
$539,001 - $809,000 31.8
$431,001 - $539,000 23.2
$323,001 - $431,000 14.3
$215,001 - $323,000 4.7
$108,001 - $215,000 2.4
$54,001 - $108,000 1.0
$0 - $54,000 0.8

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.80288292511426 15.650406504065

Number Of Homes And Apartments:
5,436

Ramsey 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
54.99% 2.57% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$991 / per month

Homeownership Rate

Homeownership
Owners 86.96
Renters 13.04
Vacant 2.37

Housing Market Details

 

Age of Homes

AGE OF Ramsey HOMES
2000 or Newer 4.5
1970 - 1999 36.5
1940 - 1969 43.6
1939 or Older 15.4

Types of Homes

TYPE OF Ramsey HOMES
Single-Family 68.8
Townhomes 13.3
Small Apt. Buildings 5.8
Apt. Complexes 12.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ramsey HOMES
No Bedroom 0.90
1 Bedroom 12.43
2 Bedrooms 16.45
3 Bedrooms 29.47
4 Bedrooms 29.63
5 or more bedrooms 11.12