Weehawken, 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 Q3 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 about Scout's Real Estate Data

Weehawken Housing Market Information

With a population of 14,009, 1,662 total housing units (homes and apartments), and a median house value of $730,002, Weehawken house prices are not only among the most expensive in New Jersey, Weehawken real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Weehawken, accounting for 50.68% of the town's housing units. Other types of housing that are prevalent in Weehawken include duplexes, homes converted to apartments or other small apartment buildings ( 35.64%), single-family detached homes ( 9.14%), and a few row houses and other attached homes ( 4.54%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Weehawken is dominated by renter-occupied one, two, or no bedrooms apartments. 65.79% of Weehawken's dwellings are rentals.

The housing in Weehawken was primarily built before 1939 ( 49.99%), making the housing stock in Weehawken some of the oldest overall in America, although there is a range of ages of homes in Weehawken. The next most important housing age is between 1940-1969 ( 19.86%), followed by between 2000 and later ( 18.50%). There's also some housing in Weehawken built between 1970-1999 ( 11.65%).

Weehawken Home Appreciation Rates

In the last 10 years, Weehawken has experienced some of the highest home appreciation rates of any community in the nation. Weehawken real estate appreciated 83.25% over the last ten years, which is an average annual home appreciation rate of 6.24%, putting Weehawken in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Weehawken definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Weehawken's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Weehawken's appreciation rate has been 0.84%, which annualizes to a rate of 3.40%.

Notably, Weehawken's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Weehawken's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

Average Home Values

 
info

Median Home Value:
$730,002

Weehawken, NJ HOME PRICES

> $1,346,000
12.3%
12.3%
$1,010,001 - $1,346,000
18.1%
18.1%
$673,001 - $1,010,000
27.6%
27.6%
$539,001 - $673,000
10.1%
10.1%
$404,001 - $539,000
11.9%
11.9%
$269,001 - $404,000
11.0%
11.0%
$135,001 - $269,000
8.1%
8.1%
$67,001 - $135,000
0.4%
0.4%
$0 - $67,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NJ

Value Relative To Nation

Number Of Homes And Apartments:
1,662

Weehawken Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
202.03% 5.47%
10
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,978 / per month

Homeownership Rate

Owners
34.2%
34.2%
Renters
65.8%
65.8%
Vacant
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
18.5%
18.5%
1970 - 1999
11.6%
11.6%
1940 - 1969
19.9%
19.9%
1939 or Older
50.0%
50.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
9.1%
9.1%
Townhomes
4.5%
4.5%
Small Apt. Buildings
35.6%
35.6%
Apt. Complexes
50.7%
50.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.5%
4.5%
1 Bedroom
32.5%
32.5%
2 Bedrooms
33.3%
33.3%
3 Bedrooms
21.5%
21.5%
4 Bedrooms
5.8%
5.8%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES