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 Q1 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:
$347,725

Number Of Homes And Apartments:
3,195,014

New Jersey Home Prices

Value Range
> $1,124,971 2.7
$843,642 - $1,124,971 3.6
$562,290 - $843,641 11.6
$449,981 - $562,289 11.6
$337,466 - $449,980 20.7
$225,001 - $337,465 25.4
$112,435 - $225,000 17.4
$56,210 - $112,434 3.8
$0 - $56,209 3.2

New Jersey Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
0.70% 2.84%
4
Last 12 Months:
2017 Q1 - 2018 Q1
4.70% 4.70%
4
Last 2 Years:
2016 Q1 - 2018 Q1
7.06% 3.47%
2
Last 5 Years:
2013 Q1 - 2018 Q1
14.63% 2.77%
2
Last 10 Years:
2008 Q1 - 2018 Q1
-7.25% -0.75%
1
Since 2000:
2000 Q1 - 2018 Q1
86.03% 3.51%
6
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,892 / 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