Rutherford, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rutherford Neighborhoods Since 2000




Rutherford, 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

Rutherford Housing Market Information

With 18,690 people, 6,939 houses or apartments, and a median cost of homes of $464,252, real estate costs in Rutherford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Rutherford, accounting for 53.88% of the borough's housing units. Other types of housing that are prevalent in Rutherford include duplexes, homes converted to apartments or other small apartment buildings ( 22.85%), large apartment complexes or high rise apartments ( 19.81%), and a few row houses and other attached homes ( 3.41%).

The most prevalent building size and type in Rutherford are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 58.61% owning and 41.39% 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. Rutherford's housing was primarily built during this period, from the '40s through the '60s. A full 45.59% of the borough's housing hails from this era. Other housing ages represented in Rutherford include homes built before 1939 ( 42.24%) and housing constructed between 1970-1999 ( 9.09%). There's also some housing in Rutherford built between 2000 and later ( 3.08%).

Rutherford Home Appreciation Rates

Real estate appreciation rates in Rutherford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Rutherford's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Rutherford's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Rutherford's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$464,252

Rutherford, NJ HOME PRICES

Value Range
> $1,123,000 0.2
$842,001 - $1,123,000 4.2
$561,001 - $842,000 17.8
$449,001 - $561,000 35.5
$337,001 - $449,000 26.3
$224,001 - $337,000 7.8
$112,001 - $224,000 6.9
$56,001 - $112,000 0.3
$0 - $56,000 0.9

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.96120942224306 30.2845528455285

Number Of Homes And Apartments:
6,939

Rutherford 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
71.98% 3.19% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,868 / per month

Homeownership Rate

Homeownership
Owners 58.61
Renters 41.39
Vacant 3.72

Housing Market Details

 

Age of Homes

AGE OF Rutherford HOMES
2000 or Newer 3.1
1970 - 1999 9.1
1940 - 1969 45.6
1939 or Older 42.2

Types of Homes

TYPE OF Rutherford HOMES
Single-Family 53.9
Townhomes 3.4
Small Apt. Buildings 22.9
Apt. Complexes 19.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rutherford HOMES
No Bedroom 1.03
1 Bedroom 20.83
2 Bedrooms 25.82
3 Bedrooms 35.44
4 Bedrooms 13.72
5 or more bedrooms 3.16