Clifton, NJ Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clifton, NJ Housing Market Trends

With 85,052 people, 29,256 houses or apartments, and a median cost of homes of $394,646, real estate costs in Clifton 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 Clifton, accounting for 44.15% of the city's housing units. Other types of housing that are prevalent in Clifton include duplexes, homes converted to apartments or other small apartment buildings ( 34.46%), large apartment complexes or high rise apartments ( 15.29%), and a few row houses and other attached homes ( 6.03%).

People in Clifton primarily live in small (one, two or no bedroom) single-family detached homes. Clifton has a mixture of owner-occupied and renter-occupied housing.

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. Clifton's housing was primarily built during this period, from the '40s through the '60s. A full 51.59% of the city's housing hails from this era. Other housing ages represented in Clifton include homes built before 1939 ( 26.19%) and housing constructed between 1970-1999 ( 15.58%). There's also some housing in Clifton built between 2000 and later ( 6.64%).

Clifton Home Appreciation Rates

Real estate appreciation rates in Clifton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.11% during the period.

Over the last year, Clifton appreciation rates have trailed the rest of the nation. In the last twelve months, Clifton's appreciation rate has been 4.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clifton were at 1.68%, which equates to an annual appreciation rate of 6.90%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clifton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clifton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clifton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$394,646

Clifton, NJ HOME PRICES

> $1,170,000
0.3%
0.3%
$877,001 - $1,170,000
1.2%
1.2%
$585,001 - $877,000
7.5%
7.5%
$468,001 - $585,000
14.3%
14.3%
$351,001 - $468,000
42.7%
42.7%
$234,001 - $351,000
26.9%
26.9%
$117,001 - $234,000
4.9%
4.9%
$58,001 - $117,000
0.2%
0.2%
$0 - $58,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for NJ

Value Relative To Nation

Number Of Homes And Apartments:
29,256

Clifton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
87.91% 3.05%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,409 / per month

Homeownership Rate

Owners
57.5%
57.5%
Renters
42.5%
42.5%
Vacant
7.1%
7.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.6%
6.6%
1970 - 1999
15.6%
15.6%
1940 - 1969
51.6%
51.6%
1939 or Older
26.2%
26.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
44.1%
44.1%
Townhomes
6.0%
6.0%
Small Apt. Buildings
34.5%
34.5%
Apt. Complexes
15.3%
15.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
13.7%
13.7%
2 Bedrooms
34.1%
34.1%
3 Bedrooms
35.7%
35.7%
4 Bedrooms
11.2%
11.2%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES