Saddle Brook, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Saddle Brook, 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

Saddle Brook Housing Market Information

With a population of 14,098, 2,659 total housing units (homes and apartments), and a median house value of $408,110, real estate costs in Saddle Brook 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 Saddle Brook, accounting for 62.44% of the town's housing units. Other types of housing that are prevalent in Saddle Brook include duplexes, homes converted to apartments or other small apartment buildings ( 22.95%), large apartment complexes or high rise apartments ( 8.77%), and a few row houses and other attached homes ( 5.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saddle Brook. Owner-occupied housing accounts for 69.29% of Saddle Brook's homes, and 58.35% have either three or four bedrooms, which is average sized relative to America.

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. Saddle Brook's housing was primarily built during this period, from the '40s through the '60s. A full 69.71% of the town's housing hails from this era. Other housing ages represented in Saddle Brook include homes built between 1970-1999 ( 13.13%) and housing constructed before 1939 ( 9.52%). There's also some housing in Saddle Brook built between 2000 and later ( 7.64%).

Saddle Brook Home Appreciation Rates

Saddle Brook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Saddle Brook during the period has been just -1.21%, which is lower than 70% of US communities.

Appreciation rates are so strong in Saddle Brook that despite a nationwide downturn in the housing market, Saddle Brook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saddle Brook appreciation rates continue to be some of the highest in America, at 5.73%, which is higher than appreciation rates in 71.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saddle Brook. Saddle Brook appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$408,110

Saddle Brook, NJ HOME PRICES

Value Range
> $1,109,000 0.5
$832,001 - $1,109,000 0.7
$554,001 - $832,000 11.5
$444,001 - $554,000 21.1
$333,001 - $444,000 41.0
$222,001 - $333,000 12.8
$111,001 - $222,000 8.6
$55,001 - $111,000 0.7
$0 - $55,000 3.1

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
9.12340325793976 38.2113821138211

Number Of Homes And Apartments:
2,659

Saddle Brook 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
63.45% 2.89% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,146 / per month

Homeownership Rate

Homeownership
Owners 69.29
Renters 30.71
Vacant 2.82

Housing Market Details

 

Age of Homes

AGE OF Saddle Brook HOMES
2000 or Newer 7.6
1970 - 1999 13.1
1940 - 1969 69.7
1939 or Older 9.5

Types of Homes

TYPE OF Saddle Brook HOMES
Single-Family 62.4
Townhomes 5.8
Small Apt. Buildings 22.9
Apt. Complexes 8.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Saddle Brook HOMES
No Bedroom 0.93
1 Bedroom 15.83
2 Bedrooms 21.60
3 Bedrooms 44.63
4 Bedrooms 13.72
5 or more bedrooms 3.29

Popular Neighborhoods in Saddle Brook

Zip Codes in Saddle Brook, NJ