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 Q2 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:
$401,877

Number Of Homes And Apartments:
3,231,874

New Jersey Home Prices

> $1,205,797
3.1%
3.1%
$904,345 - $1,205,797
4.4%
4.4%
$602,982 - $904,344
13.6%
13.6%
$482,269 - $602,981
12.5%
12.5%
$361,789 - $482,268
20.9%
20.9%
$241,128 - $361,788
23.5%
23.5%
$120,615 - $241,127
16.1%
16.1%
$60,330 - $120,614
3.5%
3.5%
$0 - $60,329
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 Q1 - 2021 Q2
4.57% 19.56%
4
Last 12 Months:
2020 Q2 - 2021 Q2
11.12% 11.12%
5
Last 2 Years:
2019 Q2 - 2021 Q2
15.64% 7.54%
5
Last 5 Years:
2016 Q2 - 2021 Q2
25.69% 4.68%
3
Last 10 Years:
2011 Q2 - 2021 Q2
32.31% 2.84%
2
Since 2000:
2000 Q1 - 2021 Q2
119.58% 3.77%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,424 / 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