menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



South Orange, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Orange, NJ Housing Market Trends

With a population of 18,220, 5,776 total housing units (homes and apartments), and a median house value of $953,810, South Orange house prices are not only among the most expensive in New Jersey, South Orange real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in South Orange, accounting for 61.19% of the town's housing units. Other types of housing that are prevalent in South Orange include large apartment complexes or high rise apartments ( 26.88%), duplexes, homes converted to apartments or other small apartment buildings ( 6.82%), and a few row houses and other attached homes ( 4.76%).

The most prevalent building size and type in South Orange are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.57% owning and 37.43% renting.

The housing in South Orange was primarily built before 1939 ( 48.53%), making the housing stock in South Orange some of the oldest overall in America, although there is a range of ages of homes in South Orange. The next most important housing age is between 1940-1969 ( 29.15%), followed by between 1970-1999 ( 12.73%). There's also some housing in South Orange built between 2000 and later ( 9.59%).

South Orange Home Appreciation Rates

Real estate appreciation rates in South Orange's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, South Orange's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, South Orange's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that South Orange's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$953,810

South Orange, NJ Home Prices
> $1,278,000
$958,001 - $1,278,000
$639,001 - $958,000
$511,001 - $639,000
$384,001 - $511,000
$255,001 - $384,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
11.7%
11.7%
30.1%
30.1%
30.3%
30.3%
16.0%
16.0%
5.6%
5.6%
5.2%
5.2%
0.6%
0.6%
0.1%
0.1%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for New jersey

Very High

for nation

Number of Homes And Apartments:

5,776

South Orange Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,046 / per month

Homeownership Rate

Owners
Renters
62.6%
62.6%
37.4%
37.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.6%
9.6%
12.7%
12.7%
29.1%
29.1%
48.5%
48.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.2%
61.2%
4.8%
4.8%
6.8%
6.8%
26.9%
26.9%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
14.0%
14.0%
14.5%
14.5%
21.5%
21.5%
25.3%
25.3%
20.4%
20.4%
0% 100.0%
% of Homes