New Jersey
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






New Jersey Real Estate Values & Housing Market 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$376,128

Number Of Homes And Apartments:
3,203,864

New Jersey Home Prices

> $1,147,954
3.0%
3.0%
$860,872 - $1,147,954
4.1%
4.1%
$573,848 - $860,871
12.8%
12.8%
$459,145 - $573,847
12.0%
12.0%
$344,381 - $459,144
20.7%
20.7%
$229,601 - $344,380
24.2%
24.2%
$114,824 - $229,600
16.7%
16.7%
$57,391 - $114,823
3.6%
3.6%
$0 - $57,390
2.8%
2.8%
0.0% 100.0%
% OF HOMES

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
1.74% 7.14%
5
Last 12 Months:
2019 Q3 - 2020 Q3
3.89% 3.89%
2
Last 2 Years:
2018 Q3 - 2020 Q3
8.18% 4.01%
3
Last 5 Years:
2015 Q3 - 2020 Q3
17.65% 3.30%
3
Last 10 Years:
2010 Q3 - 2020 Q3
16.01% 1.50%
1
Since 2000:
2000 Q1 - 2020 Q3
101.47% 3.48%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,115 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
11.8%
11.8%
1970 - 1999
34.0%
34.0%
1940 - 1969
35.9%
35.9%
1939 or Older
18.4%
18.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.6%
53.6%
Townhomes
9.5%
9.5%
Small Apt. Buildings
15.7%
15.7%
Apt. Complexes
20.3%
20.3%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
13.9%
13.9%
2 Bedrooms
26.0%
26.0%
3 Bedrooms
32.6%
32.6%
4 Bedrooms
19.3%
19.3%
5 or more bedrooms
5.5%
5.5%
0.0% 100.0%
% OF HOMES