New Jersey
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






New Jersey Real Estate Market & Appreciation

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$418,500

Number Of Homes And Apartments:
3,379,893

New Jersey Home Prices

> $1,260,076
3.1%
3.1%
$945,016 - $1,260,076
4.4%
4.4%
$630,001 - $945,015
13.6%
13.6%
$504,082 - $630,000
12.5%
12.5%
$378,030 - $504,081
20.9%
20.9%
$252,017 - $378,029
23.5%
23.5%
$126,001 - $252,016
16.1%
16.1%
$63,001 - $126,000
3.5%
3.5%
$0 - $63,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q2 - 2021 Q3
4.89% 21.04%
3
Last 12 Months:
2020 Q3 - 2021 Q3
14.84% 14.84%
5
Last 2 Years:
2019 Q3 - 2021 Q3
19.79% 9.45%
5
Last 5 Years:
2016 Q3 - 2021 Q3
30.82% 5.52%
3
Last 10 Years:
2011 Q3 - 2021 Q3
39.43% 3.38%
2
Since 2000:
2000 Q1 - 2021 Q3
130.74% 3.97%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,537 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
12.3%
12.3%
1970 - 1999
34.0%
34.0%
1940 - 1969
35.4%
35.4%
1939 or Older
18.3%
18.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.5%
53.5%
Townhomes
9.6%
9.6%
Small Apt. Buildings
15.4%
15.4%
Apt. Complexes
20.5%
20.5%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
13.9%
13.9%
2 Bedrooms
25.9%
25.9%
3 Bedrooms
32.5%
32.5%
4 Bedrooms
19.5%
19.5%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES