Secaucus NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Secaucus, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Secaucus Housing Market Information

With 20,215 people, 7,105 houses or apartments, and a median cost of homes of $536,244, real estate costs in Secaucus 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.

Large apartment complexes or high rise apartments are the single most common housing type in Secaucus, accounting for 31.98% of the town's housing units. Other types of housing that are prevalent in Secaucus include single-family detached homes ( 31.54%), duplexes, homes converted to apartments or other small apartment buildings ( 26.01%), and a few row houses and other attached homes ( 10.47%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Secaucus primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Secaucus has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Secaucus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Secaucus built between 1940-1969 ( 26.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.70%). There's also some housing in Secaucus built before 1939 ( 14.27%).

Secaucus Home Appreciation Rates

Appreciation rates for homes in Secaucus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.79%, which ranks in the top 40% nationwide. This equates to an annual average Secaucus house appreciation rate of 2.24%.

Appreciation rates are so strong in Secaucus that despite a nationwide downturn in the housing market, Secaucus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Secaucus appreciation rates continue to be some of the highest in America, at 6.46%, which is higher than appreciation rates in 87.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Secaucus. Secaucus appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.63%.

Relative to New Jersey, our data show that Secaucus's latest annual appreciation rate is higher than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$536,244

Secaucus, NJ HOME PRICES

Value Range
> $1,253,000 1.3
$940,001 - $1,253,000 4.5
$627,001 - $940,000 27.0
$501,001 - $627,000 23.6
$376,001 - $501,000 27.2
$251,001 - $376,000 11.0
$125,001 - $251,000 2.9
$63,001 - $125,000 0.9
$0 - $63,000 1.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.17810218978102 25.2525252525253

Number Of Homes And Apartments:
7,105

Secaucus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
127.64% 4.31%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,242 / per month

Homeownership Rate

Homeownership
Owners 55.62
Renters 44.38
Vacant 7.82

Housing Market Details

 

Age of Homes

AGE OF Secaucus HOMES
2000 or Newer 23.7
1970 - 1999 35.6
1940 - 1969 26.4
1939 or Older 14.3

Types of Homes

TYPE OF Secaucus HOMES
Single-Family 31.5
Townhomes 10.5
Small Apt. Buildings 26.0
Apt. Complexes 32.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Secaucus HOMES
No Bedroom 1.84
1 Bedroom 17.24
2 Bedrooms 38.00
3 Bedrooms 31.95
4 Bedrooms 8.58
5 or more bedrooms 2.39