Roselle Park, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Roselle Park Neighborhoods Since 2000




Roselle Park, NJ Real Estate 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

Roselle Park Housing Market Information

With a population of 13,670, 4,910 total housing units (homes and apartments), and a median house value of $287,042, Roselle Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Roselle Park, accounting for 56.53% of the borough's housing units. Other types of housing that are prevalent in Roselle Park include large apartment complexes or high rise apartments ( 22.09%), duplexes, homes converted to apartments or other small apartment buildings ( 17.99%), and a few row houses and other attached homes ( 2.94%).

The most prevalent building size and type in Roselle Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.96% owning and 41.04% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Roselle Park's housing was primarily built during this period, from the '40s through the '60s. A full 46.52% of the borough's housing hails from this era. Other housing ages represented in Roselle Park include homes built before 1939 ( 36.95%) and housing constructed between 1970-1999 ( 14.00%). There's also some housing in Roselle Park built between 2000 and later ( 2.53%).

Roselle Park Home Appreciation Rates

Homes have actually lost value in Roselle Park over the last then years, as home values have seen a decline of 22.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Roselle Park home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Roselle Park appreciation rates have trailed the rest of the nation. In the last twelve months, Roselle Park's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roselle Park were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Roselle Park's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$287,042

Roselle Park, NJ HOME PRICES

Value Range
> $1,087,000 0.3
$815,001 - $1,087,000 0.0
$544,001 - $815,000 2.8
$435,001 - $544,000 2.6
$326,001 - $435,000 25.0
$217,001 - $326,000 51.6
$109,001 - $217,000 12.3
$54,001 - $109,000 1.8
$0 - $54,000 3.6

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.6901441462557 68.2926829268293

Number Of Homes And Apartments:
4,910

Roselle Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.11% 2.65% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,688 / per month

Homeownership Rate

Homeownership
Owners 58.96
Renters 41.04
Vacant 9.29

Housing Market Details

 

Age of Homes

AGE OF Roselle Park HOMES
2000 or Newer 2.5
1970 - 1999 14.0
1940 - 1969 46.5
1939 or Older 36.9

Types of Homes

TYPE OF Roselle Park HOMES
Single-Family 56.5
Townhomes 2.9
Small Apt. Buildings 18.0
Apt. Complexes 22.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Roselle Park HOMES
No Bedroom 2.24
1 Bedroom 22.96
2 Bedrooms 21.65
3 Bedrooms 35.60
4 Bedrooms 16.68
5 or more bedrooms 0.87