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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 River, 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 River, NJ Housing Market Trends

With a population of 15,990, 5,555 total housing units (homes and apartments), and a median house value of $434,153, South River real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in South River, accounting for 70.77% of the borough's housing units. Other types of housing that are prevalent in South River include duplexes, homes converted to apartments or other small apartment buildings ( 15.50%), large apartment complexes or high rise apartments ( 12.26%), and a few row houses and other attached homes ( 1.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South River. Owner-occupied housing accounts for 65.15% of South River's homes, and 62.09% 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. South River's housing was primarily built during this period, from the '40s through the '60s. A full 45.62% of the borough's housing hails from this era. Other housing ages represented in South River include homes built before 1939 ( 23.90%) and housing constructed between 1970-1999 ( 22.62%). There's also some housing in South River built between 2000 and later ( 7.85%).

South River Home Appreciation Rates

Real estate appreciation rates in South River's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period.

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

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

Average Home Values

Median Home Value

$434,153

South River, NJ Home Prices
> $1,322,000
$992,001 - $1,322,000
$661,001 - $992,000
$529,001 - $661,000
$397,001 - $529,000
$264,001 - $397,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
0.5%
0.5%
21.5%
21.5%
15.0%
15.0%
32.0%
32.0%
23.2%
23.2%
5.3%
5.3%
0.0%
0.0%
2.4%
2.4%
0% 100.0%
% of Homes
Low

for New jersey

High

for nation

Number of Homes And Apartments:

5,555

South River Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,125 / per month

Homeownership Rate

Owners
Renters
65.2%
65.2%
34.8%
34.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.7%
3.7%
96.3%
96.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.9%
7.9%
22.6%
22.6%
45.6%
45.6%
23.9%
23.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.8%
70.8%
1.3%
1.3%
15.5%
15.5%
12.3%
12.3%
0.2%
0.2%
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
2.0%
2.0%
12.7%
12.7%
17.0%
17.0%
41.0%
41.0%
21.1%
21.1%
6.2%
6.2%
0% 100.0%
% of Homes