Roselle, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Roselle, NJ Real Estate Data


Roselle Housing Market Information

With 21,670 people, 8,128 houses or apartments, and a median cost of homes of $233,863, Roselle 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, accounting for 52.29% of the borough's housing units. Other types of housing that are prevalent in Roselle include duplexes, homes converted to apartments or other small apartment buildings ( 23.43%), large apartment complexes or high rise apartments ( 19.71%), and a few row houses and other attached homes ( 4.19%).

People in Roselle primarily live in small (one, two or no bedroom) single-family detached homes. Roselle has a mixture of owner-occupied and renter-occupied housing.

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's housing was primarily built during this period, from the '40s through the '60s. A full 54.41% of the borough's housing hails from this era. Other housing ages represented in Roselle include homes built before 1939 ( 22.02%) and housing constructed between 1970-1999 ( 19.34%). There's also some housing in Roselle built between 2000 and later ( 4.23%).

Roselle Home Appreciation Rates

Homes have actually lost value in Roselle over the last then years, as home values have seen a decline of 38.31% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Roselle home appreciation rates at 0.16%, which equates to an annual appreciation rate of 0.63%.

Over the last year, Roselle appreciation rates have trailed the rest of the nation. In the last twelve months, Roselle's appreciation rate has been 1.81%, 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 were at 0.16%, which equates to an annual appreciation rate of 0.63%.

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

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Roselle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roselle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Roselle real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$233,863

Roselle, NJ HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.2
$545,001 - $816,000 0.0
$435,001 - $545,000 3.2
$326,001 - $435,000 8.0
$217,001 - $326,000 44.3
$109,001 - $217,000 41.4
$55,001 - $109,000 1.4
$0 - $55,000 1.5

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
24.7919840618774 79.4715447154472

Number Of Homes And Apartments:
8,128

Rent & Ownership

 

Average Market Rent:
$1,483 / per month

Homeownership Rate

Homeownership
Owners 52.74
Renters 47.26
Vacant 6.34

Housing Market Details

 

Age of Homes

AGE OF Roselle HOMES
2000 or Newer 4.2
1970 - 1999 19.3
1940 - 1969 54.4
1939 or Older 22.0

Types of Homes

TYPE OF Roselle HOMES
Single-Family 52.3
Townhomes 4.2
Small Apt. Buildings 23.4
Apt. Complexes 19.7
Mobile Homes 0.0
Other 0.4

Home Size

SIZE OF Roselle HOMES
No Bedroom 3.66
1 Bedroom 18.68
2 Bedrooms 26.61
3 Bedrooms 34.75
4 Bedrooms 13.30
5 or more bedrooms 3.00

Roselle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
27.01% 1.40% 1 3
* 10 is highest