Succasunna, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Succasunna Neighborhoods Since 2000




Succasunna, 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

Succasunna Housing Market Information

With 9,230 people, 2,905 houses or apartments, and a median cost of homes of $419,363, real estate costs in Succasunna 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.

Succasunna is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Succasunna than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Succasunna. Owner-occupied housing accounts for 97.71% of Succasunna's homes, and 82.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Succasunna 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 Succasunna built between 1940-1969 ( 44.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.66%). There's also some housing in Succasunna built before 1939 ( 1.11%).

Succasunna Home Appreciation Rates

Succasunna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Succasunna during the period has been just -1.62%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Succasunna's appreciation rate, at 4.28%, has been at or slightly above the national average. In the latest quarter, Succasunna's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Succasunna's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$419,363

Succasunna, NJ HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 1.0
$549,001 - $823,000 12.7
$439,001 - $549,000 32.2
$329,001 - $439,000 35.4
$220,001 - $329,000 16.0
$110,001 - $220,000 1.5
$55,001 - $110,000 0.0
$0 - $55,000 1.3

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.52572366108051 35.7723577235772

Number Of Homes And Apartments:
2,905

Succasunna 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
38.18% 1.89% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,100 / per month

Homeownership Rate

Homeownership
Owners 97.71
Renters 2.29
Vacant 2.25

Housing Market Details

 

Age of Homes

AGE OF Succasunna HOMES
2000 or Newer 2.7
1970 - 1999 51.2
1940 - 1969 45.0
1939 or Older 1.1

Types of Homes

TYPE OF Succasunna HOMES
Single-Family 92.9
Townhomes 4.7
Small Apt. Buildings 0.4
Apt. Complexes 2.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Succasunna HOMES
No Bedroom 0.00
1 Bedroom 0.91
2 Bedrooms 9.83
3 Bedrooms 26.75
4 Bedrooms 55.79
5 or more bedrooms 6.73