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 Q2 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:
$339,494

Number Of Homes And Apartments:
3,189,486

New Jersey Home Prices

Value Range
> $1,100,000 2.6
$825,001 - $1,100,000 3.5
$550,001 - $825,000 11.5
$440,001 - $550,000 11.7
$330,001 - $440,000 21.1
$220,001 - $330,000 25.5
$110,001 - $220,000 17.3
$55,001 - $110,000 3.7
$0 - $55,000 3.0

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
1.70% 6.98% 4
Last 12 Months:
2016 Q2 - 2017 Q2
2.78% 2.78% 2
Last 2 Years:
2015 Q2 - 2017 Q2
5.66% 2.79% 2
Last 5 Years:
2012 Q2 - 2017 Q2
12.53% 2.39% 2
Last 10 Years:
2007 Q2 - 2017 Q2
-11.64% -1.23% 1
Since 2000:
2000 Q1 - 2017 Q2
81.37% 3.51% 6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,757 / 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