New Jersey
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$353,779

Number Of Homes And Apartments:
3,195,014

New Jersey Home Prices

Value Range
> $1,145,630 2.7
$859,188 - $1,145,630 3.6
$572,767 - $859,187 11.6
$458,185 - $572,766 11.6
$343,664 - $458,184 20.7
$229,090 - $343,663 25.4
$114,517 - $229,089 17.4
$57,251 - $114,516 3.8
$0 - $57,250 3.2

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
1.39% 5.66%
3
Last 12 Months:
2017 Q2 - 2018 Q2
4.43% 4.43%
3
Last 2 Years:
2016 Q2 - 2018 Q2
7.48% 3.67%
3
Last 5 Years:
2013 Q2 - 2018 Q2
16.12% 3.03%
3
Last 10 Years:
2008 Q2 - 2018 Q2
-3.21% -0.33%
1
Since 2000:
2000 Q1 - 2018 Q2
88.64% 3.54%
6
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,933 / per month

Homeownership Rate

Homeownership
Owners 62.75
Renters 37.25
Vacant 10.91

Housing Details

Age of Homes

AGE OF New Jersey HOMES
2000 or Newer 11.1
1970 - 1999 34.2
1940 - 1969 36.8
1939 or Older 18.0

Types of Homes

TYPE OF New Jersey HOMES
Single-Family 53.5
Townhomes 9.4
Small Apt. Buildings 15.9
Apt. Complexes 20.1
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF New Jersey HOMES
No Bedroom 2.52
1 Bedroom 14.07
2 Bedrooms 26.16
3 Bedrooms 32.66
4 Bedrooms 19.06
5 or more bedrooms 5.53