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 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

Tenafly Housing Market Information

With 14,880 people, 4,758 houses or apartments, and a median cost of homes of $671,690, 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 73.07% of the borough's housing units. Other types of housing that are prevalent in Tenafly include large apartment complexes or high rise apartments ( 12.03%), duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), and a few row houses and other attached homes ( 5.74%).

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 77.27% of Tenafly's homes, and 60.09% 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. Tenafly's housing was primarily built during this period, from the '40s through the '60s. A full 49.06% of the borough's housing hails from this era. Other housing ages represented in Tenafly include homes built before 1939 ( 23.75%) and housing constructed between 1970-1999 ( 13.85%). There's also some housing in Tenafly built between 2000 and later ( 13.34%).

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 -0.01% during the period.

Over the last year, Tenafly appreciation rates have trailed the rest of the nation. In the last twelve months, Tenafly's appreciation rate has been 1.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tenafly were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$671,690

Tenafly, NJ HOME PRICES

Value Range
> $1,101,000 27.0
$826,001 - $1,101,000 20.8
$551,001 - $826,000 30.6
$440,001 - $551,000 12.0
$330,001 - $440,000 7.1
$220,001 - $330,000 1.1
$110,001 - $220,000 0.5
$55,001 - $110,000 0.0
$0 - $55,000 0.8

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
2.92394234149771 11.1788617886179

Number Of Homes And Apartments:
4,758

Tenafly 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
75.68% 3.32% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,165 / per month

Homeownership Rate

Homeownership
Owners 77.27
Renters 22.73
Vacant 3.51

Housing Market Details

 

Age of Homes

AGE OF Tenafly HOMES
2000 or Newer 13.3
1970 - 1999 13.9
1940 - 1969 49.1
1939 or Older 23.7

Types of Homes

TYPE OF Tenafly HOMES
Single-Family 73.1
Townhomes 5.7
Small Apt. Buildings 9.2
Apt. Complexes 12.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tenafly HOMES
No Bedroom 0.00
1 Bedroom 7.16
2 Bedrooms 16.28
3 Bedrooms 30.10
4 Bedrooms 29.99
5 or more bedrooms 16.47