Waldwick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waldwick, NJ Real Estate Data


Waldwick Housing Market Information

With a population of 10,095, 3,419 total housing units (homes and apartments), and a median house value of $467,613, real estate costs in Waldwick 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.

Single-family detached homes are the single most common housing type in Waldwick, accounting for 87.32% of the borough's housing units. Other types of housing that are prevalent in Waldwick include duplexes, homes converted to apartments or other small apartment buildings ( 6.23%), row houses and other attached homes ( 5.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waldwick. Owner-occupied housing accounts for 86.07% of Waldwick's homes, and 72.52% 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. Waldwick's housing was primarily built during this period, from the '40s through the '60s. A full 69.35% of the borough's housing hails from this era. Other housing ages represented in Waldwick include homes built before 1939 ( 13.26%) and housing constructed between 1970-1999 ( 11.55%). There's also some housing in Waldwick built between 2000 and later ( 5.84%).

Waldwick Home Appreciation Rates

Real estate appreciation rates in Waldwick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

Over the last year, Waldwick appreciation rates have trailed the rest of the nation. In the last twelve months, Waldwick's appreciation rate has been 4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waldwick were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Waldwick's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$467,613

Waldwick, NJ HOME PRICES

Value Range
> $1,112,000 0.2
$834,001 - $1,112,000 2.1
$556,001 - $834,000 19.6
$444,001 - $556,000 33.9
$333,001 - $444,000 33.4
$222,001 - $333,000 5.5
$111,001 - $222,000 1.0
$56,001 - $111,000 0.6
$0 - $56,000 3.7

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
7.15582362241611 30.6910569105691

Number Of Homes And Apartments:
3,419

Rent & Ownership

 

Average Market Rent:
$2,029 / per month

Homeownership Rate

Homeownership
Owners 86.07
Renters 13.93
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Waldwick HOMES
2000 or Newer 5.8
1970 - 1999 11.5
1940 - 1969 69.3
1939 or Older 13.3

Types of Homes

TYPE OF Waldwick HOMES
Single-Family 87.3
Townhomes 5.5
Small Apt. Buildings 6.2
Apt. Complexes 0.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Waldwick HOMES
No Bedroom 0.28
1 Bedroom 4.77
2 Bedrooms 17.42
3 Bedrooms 39.22
4 Bedrooms 33.30
5 or more bedrooms 5.02

Waldwick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
65.94% 3.02% 7 8
* 10 is highest