Sayreville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sayreville, NJ Real Estate Data


Sayreville Housing Market Information

With a population of 44,920, 15,811 total housing units (homes and apartments), and a median house value of $353,545, 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 55.22% of the borough's housing units. Other types of housing that are prevalent in Sayreville include large apartment complexes or high rise apartments ( 23.38%), row houses and other attached homes ( 14.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sayreville. Owner-occupied housing accounts for 67.97% of Sayreville's homes, and 56.42% 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. Sayreville's housing was primarily built during this period, from the '40s through the '60s. A full 54.06% of the borough's housing hails from this era. Other housing ages represented in Sayreville include homes built between 1970-1999 ( 34.24%) and housing constructed between 2000 and later ( 6.88%). There's also some housing in Sayreville built before 1939 ( 4.82%).

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 -1.50%, which is lower than 80% of US communities.

Over the last year, Sayreville appreciation rates have trailed the rest of the nation. In the last twelve months, Sayreville's appreciation rate has been 4.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sayreville were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Sayreville's latest annual appreciation rate is higher than 50% 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

 

Median Home Value:
$353,545

Sayreville, NJ HOME PRICES

Value Range
> $1,098,000 3.5
$824,001 - $1,098,000 0.5
$549,001 - $824,000 6.2
$439,001 - $549,000 12.3
$330,001 - $439,000 32.4
$220,001 - $330,000 34.7
$110,001 - $220,000 8.4
$55,001 - $110,000 0.1
$0 - $55,000 1.9

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
12.3206652222287 52.0325203252033

Number Of Homes And Apartments:
15,811

Rent & Ownership

 

Average Market Rent:
$1,653 / per month

Homeownership Rate

Homeownership
Owners 67.97
Renters 32.03
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Sayreville HOMES
2000 or Newer 6.9
1970 - 1999 34.2
1940 - 1969 54.1
1939 or Older 4.8

Types of Homes

TYPE OF Sayreville HOMES
Single-Family 55.2
Townhomes 14.3
Small Apt. Buildings 6.9
Apt. Complexes 23.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Sayreville HOMES
No Bedroom 0.59
1 Bedroom 17.44
2 Bedrooms 23.87
3 Bedrooms 34.72
4 Bedrooms 21.70
5 or more bedrooms 1.69

Sayreville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
61.53% 2.86% 7 8
* 10 is highest