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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$434,153
for New jersey
for nation
5,555
$3,125 / per month