Waldwick, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waldwick, 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

Waldwick Housing Market Information

With 10,095 people, 3,428 houses or apartments, and a median cost of homes of $464,171, 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 87.25% 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 ( 6.51%), row houses and other attached homes ( 4.32%), and a few large apartment complexes or high rise apartments ( 1.91%).

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 85.24% of Waldwick's homes, and 74.85% 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 67.74% of the borough's housing hails from this era. Other housing ages represented in Waldwick include homes built before 1939 ( 16.79%) and housing constructed between 1970-1999 ( 9.55%). There's also some housing in Waldwick built between 2000 and later ( 5.92%).

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 -0.78% 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 2.26%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$464,171

Waldwick, NJ HOME PRICES

Value Range
> $1,082,000 0.5
$812,001 - $1,082,000 1.3
$541,001 - $812,000 20.8
$433,001 - $541,000 36.1
$325,001 - $433,000 32.0
$217,001 - $325,000 5.6
$108,001 - $217,000 0.9
$54,001 - $108,000 0.3
$0 - $54,000 2.6

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
6.97292863002461 30.4878048780488

Number Of Homes And Apartments:
3,428

Waldwick 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
62.36% 2.85% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,806 / per month

Homeownership Rate

Homeownership
Owners 85.24
Renters 14.76
Vacant 3.76

Housing Market Details

 

Age of Homes

AGE OF Waldwick HOMES
2000 or Newer 5.9
1970 - 1999 9.5
1940 - 1969 67.7
1939 or Older 16.8

Types of Homes

TYPE OF Waldwick HOMES
Single-Family 87.3
Townhomes 4.3
Small Apt. Buildings 6.5
Apt. Complexes 1.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Waldwick HOMES
No Bedroom 0.28
1 Bedroom 4.13
2 Bedrooms 16.28
3 Bedrooms 40.34
4 Bedrooms 34.50
5 or more bedrooms 4.46