Secaucus, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Secaucus Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Secaucus Housing Market Information

With a population of 19,104, 6,751 total housing units (homes and apartments), and a median house value of $464,670, 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 32.45% 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 ( 29.38%), large apartment complexes or high rise apartments ( 27.18%), and a few row houses and other attached homes ( 10.99%).

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 ( 26.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.72%). There's also some housing in Secaucus built before 1939 ( 14.36%).

Secaucus Home Appreciation Rates

Secaucus's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Secaucus during the period has been just -0.98%, which is lower than 70% of US communities.

Over the last year, Secaucus appreciation rates have trailed the rest of the nation. In the last twelve months, Secaucus's appreciation rate has been 2.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Secaucus were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Secaucus's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$464,670

Secaucus, NJ HOME PRICES

Value Range
> $1,121,000 2.0
$841,001 - $1,121,000 2.8
$561,001 - $841,000 23.2
$448,001 - $561,000 20.4
$336,001 - $448,000 31.1
$224,001 - $336,000 12.7
$112,001 - $224,000 5.0
$56,001 - $112,000 0.5
$0 - $56,000 2.3

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.94363061057073 29.8780487804878

Number Of Homes And Apartments:
6,751

Secaucus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
87.67% 3.72% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,145 / per month

Homeownership Rate

Homeownership
Owners 56.71
Renters 43.29
Vacant 8.26

Housing Market Details

 

Age of Homes

AGE OF Secaucus HOMES
2000 or Newer 17.7
1970 - 1999 41.0
1940 - 1969 26.9
1939 or Older 14.4

Types of Homes

TYPE OF Secaucus HOMES
Single-Family 32.5
Townhomes 11.0
Small Apt. Buildings 29.4
Apt. Complexes 27.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Secaucus HOMES
No Bedroom 2.54
1 Bedroom 16.37
2 Bedrooms 40.70
3 Bedrooms 29.12
4 Bedrooms 8.21
5 or more bedrooms 3.06