Sayreville, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sayreville Housing Market Information

With a population of 44,905, 16,076 total housing units (homes and apartments), and a median house value of $345,947, Sayreville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sayreville, accounting for 54.99% of the borough's housing units. Other types of housing that are prevalent in Sayreville include large apartment complexes or high rise apartments ( 24.66%), row houses and other attached homes ( 13.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.50%).

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 65.25% of Sayreville's homes, and 54.67% 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 50.47% of the borough's housing hails from this era. Other housing ages represented in Sayreville include homes built between 1970-1999 ( 36.28%) and housing constructed between 2000 and later ( 7.76%). There's also some housing in Sayreville built before 1939 ( 5.49%).

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 -0.13%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sayreville's appreciation rate, at 5.82%, has been at or slightly above the national average. In the latest quarter, Sayreville's appreciation rate has been 1.23%, which annualizes to a rate of 5.02%.

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:
$345,947

Sayreville, NJ HOME PRICES

Value Range
> $1,159,000 2.1
$869,001 - $1,159,000 0.8
$580,001 - $869,000 4.9
$464,001 - $580,000 10.2
$348,001 - $464,000 33.6
$232,001 - $348,000 39.9
$116,001 - $232,000 5.9
$58,001 - $116,000 0.1
$0 - $58,000 2.6

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
15.1941605839416 56.7676767676768

Number Of Homes And Apartments:
16,076

Sayreville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
69.47% 2.85%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,082 / per month

Homeownership Rate

Homeownership
Owners 65.25
Renters 34.75
Vacant 6.09

Housing Market Details

 

Age of Homes

AGE OF Sayreville HOMES
2000 or Newer 7.8
1970 - 1999 36.3
1940 - 1969 50.5
1939 or Older 5.5

Types of Homes

TYPE OF Sayreville HOMES
Single-Family 55.0
Townhomes 13.7
Small Apt. Buildings 6.5
Apt. Complexes 24.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Sayreville HOMES
No Bedroom 0.95
1 Bedroom 16.81
2 Bedrooms 25.28
3 Bedrooms 34.32
4 Bedrooms 20.35
5 or more bedrooms 2.28