New Jersey
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating NJ Cities Since 2000




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 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

Average Home Values

Median Home Value:
$333,855

Number Of Homes And Apartments:
3,189,486

New Jersey Home Prices

Value Range
> $1,084,000 2.6
$813,001 - $1,084,000 3.5
$542,001 - $813,000 11.5
$434,001 - $542,000 11.7
$325,001 - $434,000 21.1
$217,001 - $325,000 25.5
$108,001 - $217,000 17.3
$54,001 - $108,000 3.7
$0 - $54,000 3.0

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
-0.79% -3.12% 1
Last 12 Months:
2016 Q1 - 2017 Q1
1.94% 1.94% 1
Last 2 Years:
2015 Q1 - 2017 Q1
4.48% 2.21% 2
Last 5 Years:
2012 Q1 - 2017 Q1
8.99% 1.74% 1
Last 10 Years:
2007 Q1 - 2017 Q1
-13.77% -1.47% 2
Since 2000:
2000 Q1 - 2017 Q1
78.07% 3.45% 6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,729 / per month

Homeownership Rate

Homeownership
Owners 63.11
Renters 36.89
Vacant 10.86

Housing Details

Age of Homes

AGE OF New Jersey HOMES
2000 or Newer 10.7
1970 - 1999 33.9
1940 - 1969 37.4
1939 or Older 18.0

Types of Homes

TYPE OF New Jersey HOMES
Single-Family 53.6
Townhomes 9.3
Small Apt. Buildings 16.0
Apt. Complexes 20.1
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF New Jersey HOMES
No Bedroom 2.69
1 Bedroom 14.13
2 Bedrooms 26.09
3 Bedrooms 32.60
4 Bedrooms 19.00
5 or more bedrooms 5.49