Tenafly NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Tenafly, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Tenafly Housing Market Information

With 14,641 people, 4,600 houses or apartments, and a median cost of homes of $710,439, Tenafly house prices are not only among the most expensive in New Jersey, Tenafly 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 Tenafly, accounting for 73.70% of the borough's housing units. Other types of housing that are prevalent in Tenafly include large apartment complexes or high rise apartments ( 13.28%), duplexes, homes converted to apartments or other small apartment buildings ( 10.14%), and a few row houses and other attached homes ( 2.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tenafly. Owner-occupied housing accounts for 76.97% of Tenafly's homes, and 57.29% 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. Tenafly's housing was primarily built during this period, from the '40s through the '60s. A full 45.83% of the borough's housing hails from this era. Other housing ages represented in Tenafly include homes built before 1939 ( 26.91%) and housing constructed between 1970-1999 ( 18.52%). There's also some housing in Tenafly built between 2000 and later ( 8.74%).

Tenafly Home Appreciation Rates

Real estate appreciation rates in Tenafly's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Tenafly's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, Tenafly's appreciation rate has been 0.75%, which annualizes to a rate of 3.02%.

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

Average Home Values

 

Median Home Value:
$710,439

Tenafly, NJ HOME PRICES

Value Range
> $1,105,000 32.6
$829,001 - $1,105,000 20.1
$553,001 - $829,000 29.6
$442,001 - $553,000 9.4
$332,001 - $442,000 5.8
$221,001 - $332,000 0.3
$110,001 - $221,000 0.6
$55,001 - $110,000 0.3
$0 - $55,000 1.3

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.29343065693431 11.7171717171717

Number Of Homes And Apartments:
4,600

Tenafly Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
91.33% 3.22%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,571 / per month

Homeownership Rate

Homeownership
Owners 76.97
Renters 23.03
Vacant 3.83

Housing Market Details

 

Age of Homes

AGE OF Tenafly HOMES
2000 or Newer 8.7
1970 - 1999 18.5
1940 - 1969 45.8
1939 or Older 26.9

Types of Homes

TYPE OF Tenafly HOMES
Single-Family 73.7
Townhomes 2.6
Small Apt. Buildings 10.1
Apt. Complexes 13.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Tenafly HOMES
No Bedroom 0.63
1 Bedroom 9.43
2 Bedrooms 14.43
3 Bedrooms 29.06
4 Bedrooms 28.22
5 or more bedrooms 18.23