Sayreville, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sayreville Housing Market Information

With a population of 44,173, 16,461 total housing units (homes and apartments), and a median house value of $387,688, real estate costs in Sayreville 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 Sayreville, accounting for 52.98% of the borough's housing units. Other types of housing that are prevalent in Sayreville include large apartment complexes or high rise apartments ( 25.55%), row houses and other attached homes ( 14.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.19%).

The most prevalent building size and type in Sayreville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.38% owning and 36.62% 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. Sayreville's housing was primarily built during this period, from the '40s through the '60s. A full 41.62% of the borough's housing hails from this era. Other housing ages represented in Sayreville include homes built between 1970-1999 ( 41.39%) and housing constructed between 2000 and later ( 9.71%). There's also some housing in Sayreville built before 1939 ( 7.28%).

Sayreville Home Appreciation Rates

Sayreville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sayreville during the period has been just 1.65%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sayreville's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Sayreville's appreciation rate has been 0.77%, which annualizes to a rate of 3.11%.

Notably, Sayreville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Sayreville's latest annual appreciation rate is higher than 70% 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 Sayreville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sayreville - 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 Sayreville real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$387,688

Sayreville, NJ HOME PRICES

> $1,177,000
0.3%
0.3%
$883,001 - $1,177,000
0.9%
0.9%
$589,001 - $883,000
5.9%
5.9%
$471,001 - $589,000
12.6%
12.6%
$353,001 - $471,000
32.1%
32.1%
$235,001 - $353,000
39.3%
39.3%
$118,001 - $235,000
6.4%
6.4%
$59,001 - $118,000
0.1%
0.1%
$0 - $59,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
16,461

Sayreville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
81.24% 2.91%
6
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,087 / per month

Homeownership Rate

Owners
63.4%
63.4%
Renters
36.6%
36.6%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
9.7%
9.7%
1970 - 1999
41.4%
41.4%
1940 - 1969
41.6%
41.6%
1939 or Older
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.0%
53.0%
Townhomes
14.0%
14.0%
Small Apt. Buildings
7.2%
7.2%
Apt. Complexes
25.5%
25.5%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
16.9%
16.9%
2 Bedrooms
25.3%
25.3%
3 Bedrooms
34.3%
34.3%
4 Bedrooms
19.1%
19.1%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES