Secaucus, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Secaucus Neighborhoods Since 2000




Secaucus, NJ Real Estate Data


Secaucus Housing Market Information

With 19,104 people, 6,546 houses or apartments, and a median cost of homes of $473,821, 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.

Single-family detached homes are the single most common housing type in Secaucus, accounting for 31.07% of the town's housing units. Other types of housing that are prevalent in Secaucus include duplexes, homes converted to apartments or other small apartment buildings ( 29.93%), large apartment complexes or high rise apartments ( 27.05%), and a few row houses and other attached homes ( 11.95%).

People in Secaucus primarily live in small (one, two or no bedroom) single-family detached homes. 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 ( 26.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.24%). There's also some housing in Secaucus built before 1939 ( 16.19%).

Secaucus Home Appreciation Rates

Real estate appreciation rates in Secaucus's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.38% during the period.

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 6.05%, which is higher than appreciation rates in 74.88% 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 1.43%, which equates to an annual appreciation rate of 5.85%.

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:
$473,821

Secaucus, NJ HOME PRICES

Value Range
> $1,178,000 2.2
$883,001 - $1,178,000 2.3
$589,001 - $883,000 19.6
$471,001 - $589,000 24.2
$353,001 - $471,000 32.4
$236,001 - $353,000 10.8
$117,001 - $236,000 5.1
$59,001 - $117,000 1.2
$0 - $59,000 2.3

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.95672542015576 29.4715447154472

Number Of Homes And Apartments:
6,546

Rent & Ownership

 

Average Market Rent:
$1,909 / per month

Homeownership Rate

Homeownership
Owners 57.45
Renters 42.55
Vacant 9.67

Housing Market Details

 

Age of Homes

AGE OF Secaucus HOMES
2000 or Newer 16.2
1970 - 1999 41.3
1940 - 1969 26.3
1939 or Older 16.2

Types of Homes

TYPE OF Secaucus HOMES
Single-Family 31.1
Townhomes 11.9
Small Apt. Buildings 29.9
Apt. Complexes 27.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Secaucus HOMES
No Bedroom 2.54
1 Bedroom 17.70
2 Bedrooms 40.24
3 Bedrooms 27.58
4 Bedrooms 8.65
5 or more bedrooms 3.28

Secaucus 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
96.55% 4.06% 10 10
* 10 is highest